Scandal engulfs Britain’s electricity grid Claims blackout risks were covered up put the energy grid under the spotlight

Britain’s electricity system is facing intense scrutiny following serious allegations that the National Energy System Operator (NESO) — the body responsible for balancing supply and demand — covered up risks to grid security. Whistleblowers claim that during periods of system stress, senior managers instructed control room staff to hide critical information and avoid creating permanent […]

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Iraq Suspends Crude Loading at All Export Terminals, Impacting ~4 Million Barrels per Day – Incident at Basra Terminals in the Persian Gulf, Not a Strait of Hormuz Closure

Iraq has suspended crude oil loading operations at all its southern export terminals following a drone incident at the Basra (Basrah) terminal complex in the Persian Gulf. The move affects a significant portion of the country’s exports, which normally average around 3.3–3.6 million barrels per day (bpd) via these facilities (with some market commentary citing […]

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Goldman Sachs: New Pipelines Could Divert 45% of Strait of Hormuz Oil by 2027 and 60% by 2028 — Iran’s Oil Leverage Nears Irrelevance

The Strait of Hormuz, the world’s most critical oil chokepoint carrying roughly 20% of global oil trade (around 20–21 million barrels per day pre-disruptions), is rapidly losing its stranglehold. According to Goldman Sachs analyst Alexandra Paulus, pipeline projects across the Gulf are on track to divert up to 45% of pre-war Persian Gulf oil exports […]

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President Trump Meets with Iraqi Prime Minister Over Oil Deals, New Pipeline, and Reduced U.S. Military Footprint

In a significant development for U.S.-Iraq energy relations, President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House on July 14, 2026. The meeting focused on deepening strategic ties, advancing major oil and gas investments, and discussing infrastructure projects—including a revived pipeline that could bypass the volatile Strait of Hormuz. Trump also […]

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The Iran War Turns Regional: Tanker Attacks, Naval Blockades, Drone Strikes, and Surging Oil Prices

The conflict involving Iran has rapidly expanded beyond direct U.S.-Iran clashes into a broader regional war, with proxy actions, naval disruptions, and threats spanning the Persian Gulf, Strait of Hormuz, Yemen, and even the Caribbean. Oil prices are climbing on heightened supply risks, with Brent crude recently trading around $83–85 per barrel amid fresh attacks […]

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Axios Confirms Cuba Has Acquired Over 300 Military Drones from Iran and Russia: Implications for Regional Energy Security

In May 2026, Axios reported on classified U.S. intelligence indicating that Cuba has acquired more than 300 military attack drones from Russia and Iran since 2023. The drones are stored at strategic locations across the island, with Cuban officials recently seeking additional units and equipment from Russia. This development, amplified in recent social media discussions, […]

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Trump Says US Will Be Reimbursed 20% Rate for Hormuz Traffic

President Donald Trump announced today that the United States would reinstate a blockade on Iranian ships transiting the Strait of Hormuz while demanding a 20% reimbursement on all other cargo shipped through the critical waterway. Trump declared the US would become the waterway’s “GUARDIAN,” positioning the move as reimbursement for security costs amid heightened US-Iran […]

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California is ramping its war with the White House over Energy

California is escalating its legal and political confrontation with the Trump administration over energy policy. As detailed in a recent OilPrice.com analysis, Governor Gavin Newsom’s administration and state officials are pushing back hard against federal actions favoring fossil fuels, including the reallocation of offshore wind funds, challenges to the California Coastal Commission, and the use […]

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