Strait of Hormuz Update: Tensions Escalate as VP Vance Arrives in Switzerland Amid Iran’s Renewed Closure Claims and “Fees” System

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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At Last, An Energy Secretary Who Tells The Truth About Energy

This article was first published on the Energy Absurdities Substack by David Blackmon. We highly recommend following and subscribing to his Substack. For years, Americans have been subjected to a steady drumbeat of energy scarcity narratives, peak oil hysteria, and politically motivated predictions that hydrocarbons were on the verge of running out. These claims have shaped […]

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The Strait of Hormuz is closed again — IRGC-linked military command cites Israel’s assaults on Lebanon as ceasefire violation

In a dramatic escalation announced today, Iran’s top joint military command — the Khatam al-Anbiya Central Headquarters — declared the Strait of Hormuz closed to all vessel traffic. The move was framed as the “first step” in response to alleged breaches of a recent ceasefire/MOU agreement by the United States and Israel, specifically tied to […]

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Energy News Beat Weekly Rig Report | June 20, 2026

U.S. drilling activity remains resilient with modest gains reported in the latest industry-standard data, while Canada shows stronger momentum. Sources differ in methodology and absolute counts, highlighting the value of cross-referencing multiple providers. Here’s a comprehensive breakdown drawing from Baker Hughes (the longstanding industry benchmark), Enverus (daily GPS-based tracking), and the detailed WellDatabase report you […]

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Iran Asserts Control over Hormuz, Setting Stage for Tolls as Oil Tankers Hold Back Amid Lingering Uncertainty

Iran is tightening its grip on the Strait of Hormuz, the world’s most critical oil chokepoint, with new rules requiring ships to obtain permission and secure insurance from Tehran. This move explicitly paves the way for future tolls, even as a fragile U.S.-Iran memorandum of understanding (MOU) signed earlier this week aimed to normalize flows. […]

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