Geopolitical shocks are piling up on global oil supply, and traders are bracing for another wild session when Asian markets open in the coming hours. With the Iran war now five weeks old and fresh Ukrainian drone strikes hammering Russian refining and export terminals over the past four months, the question on every energy desk […]
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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 […]
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J.P. Morgan has issued a stark warning to energy markets: oil prices could spike to $120–$130 per barrel in the near term, with a real risk of surging above $150 per barrel if supply disruptions through the Strait of Hormuz persist into mid-May. In comments to The Times, JPMorgan’s global head of economics, Bruce Kasman, […]
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The Strait of Hormuz, one of the world’s most critical energy chokepoints, saw dramatically reduced maritime traffic in March 2026 amid ongoing regional tensions following U.S.-Israeli strikes on Iran and subsequent Iranian restrictions on shipping. According to data shared by MarineTraffic and analytics firm Kpler, a total of just 220 vessels transited the strait during […]
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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, […]
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In a sharp escalation of the ongoing regional conflict, Iran has placed the United Arab Emirates’ strategic Fujairah oil export terminal squarely in its sights. Once hailed as a masterstroke of energy security engineering, the Fujairah terminal and its connected pipeline have become a focal point of vulnerability as Tehran retaliates against perceived U.S.-linked operations […]
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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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President Donald J. Trump delivered a no-holds-barred message on Truth Social today that is already sending shockwaves through global energy markets and diplomatic circles. In a post targeting “allies” who sat on the sidelines during U.S. and Israeli operations against Iran, Trump declared that the era of America single-handedly guaranteeing safe passage for Middle East […]
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In a dramatic escalation of the Iran conflict, Iranian drone strikes have repeatedly hammered the UAE’s Fujairah oil terminal — the critical endpoint of the Abu Dhabi Crude Oil Pipeline (ADCOP, also known as Habshan–Fujairah). This pipeline was one of the region’s primary bypass routes around the now-blocked Strait of Hormuz. Multiple attacks in mid-March […]
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