In a significant development tied to ongoing U.S.-Iran diplomatic efforts, the U.S. Treasury Department has issued temporary waivers suspending key sanctions on Iranian oil exports. This move, reported in connection with a preliminary agreement or memorandum of understanding from recent talks (including the Lake Lucerne Summit mediated by Pakistan and Qatar), allows Iran to resume […]
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ENB Pub Note: This article is from Andrew Korybko’s Newsletter on SubStack. We highly recommend subscribing, and with new trading blocs forming around the world, as Stu Turley has discussed on the Energy News Beat podcast, things are changing in real time. Watch also as the United States leaves NATO before the end of President […]
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ENB Pub Note: This article was first published on America Outloud, and we highly recommend subscribing to them and Ronald Stein’s news feed. With no pipelines over the Sierra Mountains, California is an energy island separated from the crude oil supply and the infrastructure of oil refineries within the other 49 States. Collectively, California, the […]
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Outright short positions in crude oil have hit record levels, according to fresh analysis from Goldman Sachs, raising the specter of a potential short squeeze if market conditions shift. In a notable development highlighted by ZeroHedge and detailed in industry commentary, managed money accounts have aggressively built bearish exposure in Brent crude futures. Goldman Sachs’ […]
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Occupation authorities have halted fuel sales to private individuals and businesses, reserving supplies for government agencies and essential services. Ukrainian forces have intensified attacks on fuel depots, transport routes, and oil infrastructure supplying Crimea and southern Russia. The fuel shortage is disrupting Crimea’s tourism-dependent economy and exposing growing vulnerabilities in Russian logistics. Russian-installed authorities in […]
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Gasoline prices in the U.S. have eased from crisis peaks above $4.50 per gallon but remain stubbornly elevated. As of June 15, 2026, the national average for regular gasoline stood around $4.05 per gallon (with some reports citing ~$3.90–$3.99 recently), still more than $1 above pre-war (pre-2022) levels that were consistently under $3 per gallon. […]
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With the world’s oil and gas market changing, energy security is now at the forefront of most countries’ priorities. There are two discussions going on: have we found all of the easy oil, and will oil demand go away with the renewable crowd pushing more money into wind and solar? You won’t want to miss […]
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In a striking comment during a Fox News broadcast this morning, President Donald Trump spoke with Fox News reporter Trey for 20 minutes and outlined a bold U.S. role in securing one of the world’s most critical energy chokepoints. He stated that the United States may take over or act as the “guardian angel” of […]
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As U.S. Vice President JD Vance touched down in Switzerland on June 21, 2026, for high-level peace talks with Iranian officials, Iran’s Islamic Revolutionary Guard Corps (IRGC)-linked military command announced a renewed closure of the Strait of Hormuz. The move cites alleged Israeli violations of a fragile ceasefire in southern Lebanon and threatens further disruptions […]
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Iraq is rapidly expanding alternative oil export routes to reduce its heavy dependence on the Strait of Hormuz, aligning with long-standing strategies by Saudi Arabia and the United Arab Emirates. Even as some reports suggest potential easing of disruptions in the waterway, Baghdad is treating diversification as a permanent strategic priority rather than a temporary […]
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