In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]
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The ongoing conflict involving Iran has sent shockwaves through global energy markets, marking what experts describe as the largest oil supply disruption in history. With the Strait of Hormuz effectively closed to most commercial shipping since late February 2026, approximately 20 million barrels per day (mb/d) of oil and petroleum products—representing about 20% of global […]
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In a late-night post on Truth Social dated March 13, 2026, President Donald Trump announced that U.S. forces had conducted a major bombing raid on Iran\’s Kharg Island, describing it as \”one of the most powerful bombing raids in the History of the Middle East.\” He emphasized that the strikes \”totally obliterated every MILITARY target\” […]
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In a strategic move amid escalating geopolitical tensions, Saudi Arabia is ramping up efforts to bypass the disrupted Strait of Hormuz by utilizing its East-West Pipeline, also known as Petroline. This backup infrastructure allows the kingdom to redirect crude oil from its eastern fields to the Red Sea port of Yanbu, avoiding the chokepoint that\’s […]
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A wild day on the Energy News Beat Stand Up. – We even play a short from Former Prime Minister Lizz Truss as I just finished recording her podcasts with Rey Trevinio on a joint podcast with the Crude Truth and Energy News Beat. That episode airs tomorrow, and PM Truss is a class […]
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By Stuart Turley, Energy News Beat Channel In a dramatic response to escalating tensions in the Middle East, China has ordered its major oil refiners to suspend exports of key refined fuels, including diesel and gasoline. This move comes amid severe disruptions in the Strait of Hormuz, a critical chokepoint for global oil transit that […]
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By Stuart Turley, Energy News Beat Channel In a dramatic escalation of the ongoing US-Iran conflict, two oil tankers were struck in Iraqi territorial waters in the northern Persian Gulf earlier tonight, adding to a series of maritime attacks that have disrupted global energy supplies. The incidents occurred approximately 5 nautical miles south of […]
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By Stuart Turley, Energy News Beat In a bold move to stabilize global energy flows amid escalating tensions in the Middle East, the U.S. government has selected insurance giant Chubb Limited to spearhead a $20 billion maritime reinsurance program aimed at protecting shipping through the volatile Strait of Hormuz. This initiative, announced by the U.S. […]
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In a dramatic escalation of the ongoing 2026 Iran war, Iranian drones targeted Oman\’s Port of Salalah today, striking what is considered the sultanate\’s largest oil storage facility. The attack, part of Iran\’s broader retaliation against U.S. and Israeli strikes, has set ablaze multiple storage tanks, sending plumes of black smoke into the sky and […]
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In a bold move amid escalating tensions in the Middle East, the Greek-operated oil tanker Shenlong successfully navigated the treacherous Strait of Hormuz, carrying approximately 1 million barrels of Saudi Arabian crude oil. This crossing, which occurred in recent days, marks one of the first major transits by a large commercial vessel since Iran issued […]
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