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
By Stuart Turley, Energy News Beat President Trump’s blunt March 31, 2026, Truth Social post — “go get your own oil” — has sent shockwaves through global energy markets already reeling from the Iran conflict and the closure of the Strait of Hormuz. With U.S. gasoline prices topping $4 a gallon, diesel costs surging worldwide, […]
Continue Reading
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 […]
Continue Reading