Middle East War Revives Interest in Alaska LNG

Interest in the Alaska LNG export project has spiked since the war in the Middle East choked 20% of global LNG supply and sent Asian buyers scrambling for expensive spot…

EU Considers Naval Action to Reopen Vital Strait of Hormuz

The European Union foreign ministers are discussing on Monday the potential to move an already operational mission in the Middle East region to try to help unblock the Strait of…

Pakistan Oil Tanker Transits Hormuz

A tanker laden with crude oil appears to have cleared the Strait of Hormuz and is now sailing to Pakistan, according to ship-tracking data, making it the latest in just…

COMMENTARY: US is Quickly Exhausting Tools to Absorb Iran War Oil Shock – Ron Bousso

By LONDON, March 16 (Reuters) – The U.S. is rapidly running out of shock absorbers to cushion the oil market from the loss of Middle Eastern crude supplies as the…

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…