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 […]
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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 […]
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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 […]
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This ~1,200 km (745-mile) pipeline, operated by Saudi Aramco, runs from the major eastern oil fields (near Abqaiq) across Saudi Arabia to export terminals at Yanbu on the Red Sea coast. It has a maximum capacity of about 5–7 million barrels per day (bpd) after upgrades and has served as a critical bypass for oil […]
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In the latest escalation of maritime attacks in the Persian Gulf amid the ongoing Iran conflict, a fully laden Kuwaiti crude oil supertanker was struck early Tuesday by what authorities described as an Iranian drone or an unknown projectile while anchored in Dubai waters. The incident occurred at approximately 12:10 a.m. local time in Anchorage, […]
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Brent crude prices surged from approximately $73 per barrel pre-crisis to peaks near $120 in just 10 days following the effective closure of the Strait of Hormuz on March 4, 2026. The International Energy Agency (IEA) has described this as the “largest supply disruption in the history of the global oil market,” with Gulf producers […]
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We have a new website rolling out this week, and I am showing off the new template. We also have 9 huge stories. When you have the IEA last week setting the stage for energy lockdowns, buckle up. I do not think many people are up to the lockdowns again. But I would take this […]
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In a remarkable display of strategic foresight and engineering resilience, Saudi Arabia has ramped its East-West Pipeline—also known as the Petroline—to full capacity of 7 million barrels per day (bpd), fully bypassing the disrupted Strait of Hormuz. This milestone comes at a critical moment. The ongoing Iran conflict has effectively closed the Strait of Hormuz […]
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President Donald Trump dropped a bombshell yesterday in the White House Oval Office: Iran just handed the United States a “very big present” worth a tremendous amount of money. It wasn’t nuclear-related, he stressed. It was “oil-and-gas-related” and tied directly to the flow through the Strait of Hormuz. Trump called it a “significant prize” that […]
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Energy News Beat Special Report – March 2026 Escalating conflicts have turned oil refineries into strategic targets worldwide. Ukrainian drone campaigns continue to hammer Russian facilities, while the 2026 Iran war (U.S.-Israeli strikes on Iran and Iranian retaliation across the Gulf) has triggered widespread damage to refineries, terminals, and related gas infrastructure in Saudi Arabia, […]
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