The U.S. naval blockade of Iran, enforced since mid-April 2026, is delivering a measurable blow to Tehran’s oil-dependent economy. Iranian crude and condensate exports have plummeted from nearly 2 million barrels per day (bpd) earlier this year to below 300,000 bpd in May, according to trade intelligence firm Kpler. At conservative Brent prices around $90 […]
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U.S. forces conducted a maritime interdiction and boarded the stateless supertanker MT Davina (also known as Lenore) overnight in the Indian Ocean, the Pentagon and U.S. Indo-Pacific Command (INDOPACOM) confirmed on June 5, 2026. The vessel, a very large crude carrier (VLCC) capable of carrying up to two million barrels of oil, was operating as […]
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US military surveillance has documented nearly 1,000 commercial vessel transits through the Strait of Hormuz in the roughly two months since the US-Iran ceasefire took effect on April 8, 2026. The figure, shared by an official familiar with US Central Command operations, exceeds private-sector estimates that rely primarily on ship transponders (AIS data). Military analysts […]
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We had a great discussion, and the global oil and gas markets have been changed permanently. “ Iran will have permanent control over the Strait of Hormuz. As though that necessarily, in and of itself, is bullish for oil prices. I would argue that, in fact, it isn’t. “ Doomberg, Substack Author, Energy Analyst This […]
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The Strait of Hormuz has long been the world’s most critical energy chokepoint—handling roughly 20 million barrels per day (b/d) of oil and a significant share of global LNG before the 2026 crisis. But Iran’s de facto closure of the strait since late February 2026, amid escalating conflict, has forced a permanent rethink. Even if […]
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The global order of the energy industry is shifting and where the Permian Basin will fit in is an intriguing question. It will of course be very important, but in what relation to Russia, Saudi Arabia and the other members of OPEC and OPEC-Plus? How will Europe and Asia factor in with their massive and […]
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As the Strait of Hormuz remains effectively closed amid the ongoing U.S.-Israeli conflict with Iran, Iraq is racing to reroute its crude exports northward. The Iraqi government has approved an urgent plan to nearly triple pipeline shipments of crude oil from the Kurdistan region to Turkey’s Mediterranean port of Ceyhan, aiming to ease the severe […]
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We have 8 huge stories, and David Blackmon, Forbes, Daily Caller, and Substack Author stopped by. There are a lot of moving parts in the Energy Markets right now, and we bring the 8 biggest stories. We talk about the right way to do data centers, and the implications of the Iran War. […]
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In a sharp escalation of the ongoing 2026 Iran conflict, Iranian drones and missiles struck Kuwait International Airport overnight on June 2-3, hitting Terminal One and causing significant material damage. Kuwaiti authorities reported at least one fatality and dozens of injuries (with some sources citing up to 63 wounded), prompting the immediate suspension of all […]
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The U.S. Strategic Petroleum Reserve (SPR) is being drained at a record pace under the current administration, with projections showing it could hit operational minimum levels as early as August 2026—faster than the Biden-era releases of 2022. At the same time, California is staring down a severe refined-product crunch, with jet fuel and diesel inventories […]
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