Tag: Iraq

President Trump Meets with Iraqi Prime Minister Over Oil Deals, New Pipeline, and Reduced U.S. Military Footprint

Clark Savage911

In a significant development for U.S.-Iraq energy relations, President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House on July 14, 2026. The meeting focused on deepening strategic ties, advancing major oil and gas investments, and discussing infrastructure projects—including a revived pipeline that could bypass the volatile Strait of Hormuz. Trump also […]

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Brent Crude Surges Above $86 as Iran Strikes UAE Tankers in Hormuz, Russian Oil Infrastructure Takes More Hits, and Chokepoint Risks Mount

Clark Savage743

The Refining Capacity Shortage and Demand Destruction Quest Brent crude oil prices surged more than 3% today, breaking above $86 per barrel (reaching $86.06 in early London trading). This extends a sharp ~12% rally since Friday, driven by escalating geopolitical risks across key oil chokepoints and infrastructure. The immediate spark came from Iranian cruise missile […]

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Trump Says US Will Be Reimbursed 20% Rate for Hormuz Traffic

Clark Savage565

President Donald Trump announced today that the United States would reinstate a blockade on Iranian ships transiting the Strait of Hormuz while demanding a 20% reimbursement on all other cargo shipped through the critical waterway. Trump declared the US would become the waterway’s “GUARDIAN,” positioning the move as reimbursement for security costs amid heightened US-Iran […]

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China Tells Refiners to Keep Fuel Output High as the Iran and Ukraine Wars Drag On

Clark Savage1328

Beijing has directed at least two major Chinese refineries to maintain or even increase processing rates to ensure adequate domestic supplies of gasoline, diesel, and other fuels. This comes amid renewed threats to crude shipments through the Persian Gulf tied to the ongoing Iran conflict, according to people familiar with the matter cited by Bloomberg […]

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The New Oil Bull Markets Will Be Dependent on China Confirming Oil Purchases and Global SPR Rebuilding

Clark Savage821

In the aftermath of the 2026 Iran-Hormuz crisis, which severely disrupted tanker traffic through the Strait of Hormuz and triggered the largest oil supply shock in decades, oil markets are shifting from acute supply fears to a more structural driver of price support: the urgent need to rebuild depleted inventories and strategic reserves worldwide. A […]

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Where Do We Go from Here with Iran? What is the impact on the global oil and gas market?

Clark Savage717

The fragile truce between the United States and Iran is unraveling. Renewed attacks on commercial shipping in the Strait of Hormuz, fresh U.S. strikes on Iranian targets, satellite evidence of Iran rebuilding damaged nuclear sites, and mixed signals from Washington and Tehran have once again put global energy markets on edge. The central question for […]

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Middle East Oil Producers Face Export Hurdles Amid Hormuz Disruptions: Demand Destruction or Market Mispricing? Analyst Views on the Road Ahead for Oil Prices

Clark Savage1208

Middle East oil producers are grappling with significant challenges in selling their crude, even as global benchmark prices (Brent and WTI) have surprisingly softened below or near pre-conflict levels. This comes despite a major supply shock from disruptions in the Strait of Hormuz following the early 2026 Iran conflict (U.S./Israeli strikes on Iran). The market […]

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