Trump Adviser Says Iran ‘Terror Premium’ Inflated Oil Prices for Decades

By and Trump adviser says Iran tensions historically added $5–$15 a barrel via risks to Strait of Hormuz Report says Iran risk premium lifts crude 7%–21% above fundamentals University of…

Japan Taps Emergency Oil Reserves

Japan has started releasing oil from its reserve to stabilize supply amid the continuing tanker traffic freeze in the Strait of Hormuz. Initially, the government will release 15 days’ worth…

Fujairah Suspends Oil Loadings After Another Attack

Fujairah, the UAE’s key oil export port, suspended oil loadings on Monday after another attack on the only UAE port located outside the Strait of Hormuz. The escalating conflict spreading…

Fossil Fuel Reliance Is Ripping Away Nations’ Security, UN Says

The war in the Middle East is exposing the high cost of dependence on fossil fuels—it is “ripping away national security and sovereignty,” the UN climate secretary told an EU…

Why Might Trump Find it Hard to Reopen the Strait of Hormuz?

March 16 – U.S. President Donald Trump has demanded help from allies to reopen the Strait of Hormuz, which usually carries about a fifth of global energy supplies, but even if he…

Oil Prices Mixed Amid Attacks on Gulf Export Facilities

Summary US in talks with other countries to protect Strait of Hormuz Brent, WTI have surged more than 40% this month US hit military targets on Iran’s Kharg Island oil…

Trump Announces ‘Bombing Raid’ at Kharg Island

In a statement posted on his Truth Social page late on March 13, U.S. President Donald Trump announced a “bombing raid” at Kharg Island. “Moments ago, at my direction, the…