In a fiery Easter Sunday Truth Social post, President Donald J. Trump escalated his ultimatum to Iran over the closed Strait of Hormuz. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fkin’ Strait, you crazy btards, or you’ll be […]
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
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 […]
Continue Reading
The Iran war, now stretching into its third week with the Strait of Hormuz effectively closed since early March 2026, has delivered the largest oil supply disruption in history. Gulf producers have slashed output by at least 10 million barrels per day (mb/d), but the global shortfall is “only” 8–10 mb/d thanks to pre-positioned floating […]
Continue Reading
In the high-stakes world of energy markets, not all oil prices are created equal. \”Paper oil\” refers to benchmark futures contracts traded on exchanges like NYMEX (WTI) and ICE (Brent)—financial instruments where the vast majority of trading volume (often 95%+) never results in physical delivery. These are the headline numbers investors see on CNBC or […]
Continue Reading
As the U.S.-Israel conflict with Iran roils global energy markets and pushes benchmark crude above $100 per barrel at times, Treasury Secretary Scott Bessent is wielding sanctions policy like a supply-side tool. With the Strait of Hormuz under pressure and Iranian exports partially disrupted, Bessent has already pulled several levers — temporary Russian oil sanctions […]
Continue Reading
In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]
Continue Reading
In a bold projection that underscores the enduring role of fossil fuels in the global energy landscape, Saudi Aramco has forecasted a 1.1 million barrels per day (bpd) increase in global oil demand for 2026, pushing consumption to unprecedented levels. This announcement, made by the world\’s largest oil exporter, comes amid ongoing debates about energy […]
Continue ReadingIn an era of escalating geopolitical tensions and accelerating climate goals, the global energy landscape is a powder keg of vulnerabilities and opportunities. As of March 2026, the world grapples with surging energy demands from AI data centers, volatile oil prices amid Middle East conflicts, and the uneven push toward net-zero emissions. This article examines […]
Continue Reading