QatarEnergy has formally extended its force majeure declaration on liquefied natural gas (LNG) supplies through mid-June, according to Bloomberg. Customers received the latest notice as the Strait of Hormuz remains almost entirely closed to tanker traffic following Iranian missile strikes on the Ras Laffan Industrial City in March. This isn’t a surprise—it’s a continuation of […]
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What a wild day on the News Desk. President Trump ordered the U.S. Navy to escort ships through the Strait of Hormuz, and Iran started lobbing drones and missiles around. Bagdad Bob showed up in Iran and claimed that they hit a US ship, but they did not. It will be interesting to see what […]
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Authorities in the United Arab Emirates’ Fujairah emirate have confirmed that a fire broke out at the Fujairah Oil Industries Zone (FOIZ) following a drone strike originating from Iran. Civil defense teams responded immediately and continue to contain the blaze, with no injuries reported. The incident comes amid heightened regional tensions, as Gulf states weigh […]
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TAMPA, Fla. — U.S. Central Command (CENTCOM) announced that its forces will begin supporting Project Freedom on May 4, 2026, to restore freedom of navigation for commercial shipping through the Strait of Hormuz. The mission, directed by the President, aims to support merchant vessels seeking safe transit through this vital international trade corridor. A quarter […]
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The United Arab Emirates’ announcement on April 28, 2026, that it will formally exit both OPEC and the wider OPEC+ alliance effective May 1 marks a seismic shift in global oil politics. As one of the cartel’s most significant producers with substantial spare capacity, the UAE’s departure delivers a major blow to an already strained […]
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In a stark warning to markets, CEOs from America’s largest oil companies say the global crude market is rapidly approaching a critical “cliff’s edge.” With the Strait of Hormuz effectively closed for months amid the ongoing U.S.-Israel conflict with Iran, commercial stockpiles, strategic reserves, and pre-war floating crude are being burned through at an alarming […]
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The 2026 Iran war has triggered what the International Energy Agency (IEA) calls the “largest supply disruption in the history of the global oil market.” Iran’s effective closure of the Strait of Hormuz—through which roughly 20% of the world’s oil and significant LNG volumes flow—has upended global energy supplies. Over 50 countries have implemented emergency […]
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California State Assemblyman Stan Ellis and Mike Ariza stop by the Energy News Beat and the Energy Impacts Podcast with Stu Turley and David Blackmon to discuss the critical nature of the energy crisis facing California, which is about to unfold. Assemblyman Ellis, Mike, and Professor Mische have been working to help get the Federal […]
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The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026—marking the end of nearly 60 years of membership since 1967. This move strips OPEC of its third-largest producer and delivers a significant blow to the cartel’s ability to […]
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President Donald Trump stated Tuesday that Iran is eager to reopen the Strait of Hormuz “as soon as possible” as Tehran grapples with its leadership situation and internal “State of Collapse” amid ongoing U.S.-Iran negotiations to end the two-month war. In a Truth Social post, Trump noted that Iran has proposed the U.S. lift its […]
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