As of Sunday, June 14, 2026, the Middle East stands at a dangerous inflection point. Iran appears to be preparing for potential direct retaliation against Israel — including by restricting airspace in western regions and suspending flights to key western airports — following Israeli strikes on Hezbollah targets in Beirut’s Dahiyeh suburb. At the same […]
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ENB Pub Note: This article is from David Blackmon’s Substack, and we highly recommend subscribing. Iran’s overreliance on the Strait of Hormuz as a geopolitical weapon is proving self-destructive. By threatening or disrupting this critical chokepoint – through which roughly 20 million barrels per day (bpd) of oil historically flowed – Iran has accelerated the […]
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Optimism is surging in diplomatic circles. Pakistan’s Prime Minister Shehbaz Sharif announced that the United States and Iran have reached a “final, agreed upon text” for a deal aimed at ending their conflict in the Middle East. Mediators, with Pakistan in the lead, are now working on next steps. Sharif declared on X (formerly Twitter): […]
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Special Guest David Blackmon on the Energy News Beat Stand Up. What a day on the EnergyNews Beat News Desk, we have 10 big stories for you, and as we were filming this, President Trump calls off the plans – wow, changed everything. David Blackmon’s Energy Additions Stops by the Energy News Beat Stand Up as we […]
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Oil markets are experiencing sharp volatility as traders price in hopes of de-escalation between the United States and Iran. July WTI crude futures plunged $4.32 (4.79%) to settle near $85.93 on June 11, 2026, after trading as high as $95.47 earlier in the week. As of June 12, WTI futures hovered around $84.80–$86, down over […]
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The paradox gripping global energy markets in mid-June 2026 is stark. Brent crude futures — the benchmark “paper” oil traded on exchanges — have hovered around $90–$98 per barrel despite more than 100 days of war involving Iran that has severely disrupted flows through the Strait of Hormuz, a chokepoint for roughly 20% of the […]
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In a major escalation of the ongoing U.S.-Iran conflict, President Donald Trump has signaled that U.S. forces will strike Iran “VERY HARD TONIGHT” and, in the near future, take control of Iran’s critical oil infrastructure, including Kharg Island. This development draws direct parallels to the administration’s approach in Venezuela and aligns with commentary from energy […]
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In the most complex mix of geopolitical supply disruptions in modern history—over 100 days into the US-Iran conflict involving strikes, Hormuz transit risks, and broader Middle East tensions—the United States and China are effectively supplying a significant portion of global oil demand through their strategic and commercial reserves. They are doing so via sharply contrasting […]
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In the high-stakes waters of the Strait of Hormuz, where roughly 20% of global oil trade flows daily, a dramatic incident unfolded on June 8-9, 2026, that underscores the unseen military efforts keeping energy markets stable. A U.S. Army AH-64 Apache helicopter was struck by an Iranian Shahed drone, forcing an emergency ditching into the […]
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Rey Trevino, Pecos Operating Company, and Podcast host for the Crude Truth stopped by the Energy News Beat Podcast. We had a blast filming at the Petroleum Club in Downtown Fort Worth. Hat tip to all of the great people at the Petroleum Club, making it a great place to have business meetings. Follow Rey […]
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