In a sharp escalation following the collapse of direct U.S.-Iran peace negotiations in Pakistan, President Donald Trump has ordered the U.S. Navy to enforce an immediate blockade in the Strait of Hormuz. The directive specifically targets vessels that pay or attempt to pay illegal tolls to Iran’s Islamic Revolutionary Guard Corps (IRGC), which has been […]
Continue Reading
As of April 11, 2026, the global oil market is split into two. On one side sits the “paper” market — the futures contracts and financial instruments that most investors, analysts, and headline writers track. On the other hand is the physical, or delivery, market — the actual barrels of crude that refiners must load […]
Continue Reading
In a significant development for global energy security, the United States has initiated military operations to clear and secure the Strait of Hormuz, with U.S. Navy vessels now transiting the critical waterway amid ongoing tensions with Iran. This move comes as commercial shipping traffic remains a fraction of normal levels despite a fragile two-week ceasefire, […]
Continue Reading
The New York Times dropped a bombshell on April 10, 2026, that reads like a dark comedy sketch from the Iranian Revolutionary Guard Corps (IRGC) playbook. According to U.S. officials cited in the report, Iran cannot fully reopen the Strait of Hormuz—the artery carrying roughly 20% of the world’s oil and a massive share of […]
Continue Reading
The Strait of Hormuz is still closed, and we have 9 huge stories to cover on today’s Energy News Beat Stand Up. I am calculating that $82 will be the new floor once the tankers are rolled out of the Persian Gulf and refilled. Goldman Sachs says that if the Strait is not open within […]
Continue Reading
ENB Pub Note: This article comes from Andrew Korybko’s Newsletter on Substack, and Stu will be covering it on the next Energy News Beat Stand Up. This is a critical election, and Orban has been standing up for Hungary first, and is a good leader. The Hungarian people have the greatest stakes since they’ll be […]
Continue Reading
Jamie Dimon, Chairman and CEO of JPMorgan Chase, released his highly anticipated 2025 Annual Letter to Shareholders on April 6, 2026. In it, Dimon delivers a sobering assessment of geopolitical risks, with the ongoing war in Iran and broader Middle East hostilities taking center stage. While the full letter spans broader economic, regulatory, and strategic […]
Continue Reading
Goldman Sachs has issued a stark warning: if the Strait of Hormuz remains largely closed to normal tanker traffic for just one more month, Brent crude is on track to average more than $100 per barrel through the rest of 2026 — and potentially the full year. The note, released Thursday after a fragile two-week […]
Continue Reading
The recent U.S.-Israeli conflict with Iran, which escalated in late February 2026 and triggered the effective closure of the Strait of Hormuz, delivered the largest supply disruption in the history of global energy markets. For over a month, roughly 20% of the world’s oil and LNG flows were choked off, oil prices spiked above $110–120 […]
Continue Reading
The Iran war has delivered the largest supply shock in energy-market history, with Gulf producers shutting in roughly 9 million barrels per day (bpd) of crude and related liquids. While a potential two-week ceasefire has sparked some price relief, analysts and the U.S. Energy Information Administration (EIA) agree that full market stabilization will take months […]
Continue Reading