Category: Tanker

So Iran Closes the Strait of Hormuz, Let’s See What Bessent’s Economic Isolation of Iran Could Look Like

Clark Savage295

As the Iran-U.S. conflict grinds toward the six-month mark in mid-August 2026, Tehran continues to assert control over the Strait of Hormuz—the critical chokepoint through which roughly one-fifth of global oil and LNG once flowed—while the United States maintains a naval blockade on Iranian ports and escalates economic pressure. Treasury Secretary Scott Bessent has signaled […]

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Oil Supply Crunch Worsens Despite War’s Demand Hit, Says IEA

Clark Savage338

The International Energy Agency’s latest Oil Market Report underscores a deepening imbalance in global oil markets. Despite a sharper-than-expected contraction in demand driven by elevated prices from the ongoing Iran conflict and related disruptions, supply shortfalls have widened even more, producing the tightest near-term balances in years. At the time this article is written, Brent […]

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US Senate Passes Russia Sanctions Bill Championed by Graham: Is This Even Worth the Paper It Is Written On?

Clark Savage219

On August 7, 2026, the U.S. Senate overwhelmingly passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by a vote of 86-11. The bipartisan measure, renamed in honor of the late South Carolina Senator Lindsey Graham—who championed it until his death last month—now heads to the House. The legislation authorizes the president […]

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Global Energy Market In Flux with Russia, Strait of Hormuz, Bab el-Mandab Strait and drought in the EU all in play

Clark Savage504

The global energy landscape remains highly volatile in early August 2026, shaped by overlapping geopolitical, security, and climate pressures. Disruptions centered on Russia’s refined product exports, ongoing uncertainty over the Strait of Hormuz, escalating risks in the Bab el-Mandab Strait, and a severe drought across Europe are tightening supplies of crude oil, petroleum products, LNG, […]

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Hormuz Tanker Traffic Stalls as Attacks Escalate

Clark Savage511

Tanker traffic through the Strait of Hormuz has sunk to its lowest level in more than two months as attacks and threats intensify, leaving the world’s most critical oil chokepoint effectively stalled despite intermittent diplomatic noise from Washington. Ship-tracking data show vessel movements—including commodity carriers—plunged after a brief mid-June to early-July uptick tied to a […]

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Qatar, Bessent Signal Progress on Short-Term US-Iran Deal — With Mixed Signals from Iran

Clark Savage378

Oil markets swung lower on Tuesday as Qatar and U.S. Treasury Secretary Scott Bessent pointed to advancing mediation efforts aimed at a short-term arrangement between the United States and Iran, centered on reopening the Strait of Hormuz. The chokepoint, which normally handles roughly one-fifth of global oil and LNG supplies, has been heavily disrupted since […]

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