Tag: UAE

Treasury Sanctions Crypto Exchanges Funding Iran’s IRGC and Enabling Illicit Finance – Secretary Scott Bessent Locking Funding Down

Clark Savage119

On August 7, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping sanctions targeting digital asset exchanges and networks used by the Iranian regime to launder funds, evade sanctions, and support the Islamic Revolutionary Guard Corps (IRGC) and other terrorist groups. The action hits two major platforms exploited by […]

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The Energy Transition is Happening – It’s Not What the Climate Activists Wanted

Clark Savage219

For years, the dominant energy narrative has been a single, heavily marketed story: the world is undergoing an inevitable, morally urgent transition away from fossil fuels toward wind, solar, and battery storage. Climate activists, aligned media, and policymakers have framed this as both destiny and imperative. As David Blackmon observed in his August 2, 2026, […]

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WSJ Reports Tankers Hit Outside Strait of Hormuz at the Port of Fujairah; Potential Disruption to Key UAE Export Hub

Clark Savage709

The Wall Street Journal has reported concerns among tanker operators following strikes on vessels near the Port of Fujairah, raising alarms about the widening scope of attacks beyond the Strait of Hormuz. Social media commentary, including a post by Mario Nawfal, highlighted that Iranian missiles reportedly struck two oil tankers, leading to claims that the […]

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

Clark Savage610

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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Iranian Strikes on Tankers in the Strait of Hormuz Heighten Global Energy Security Risks

Clark Savage530

Tensions in the Strait of Hormuz escalated sharply this week with two reported attacks on commercial vessels, underscoring the vulnerability of one of the world’s most critical energy chokepoints. On June 25, the Singapore-flagged container ship M/V Ever Lovely (operated by Taiwan’s Evergreen Marine) was struck by what U.S. officials described as an Iranian drone […]

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Iraq Set to Accelerate Hormuz Bypass

Clark Savage1154

As tensions flare once again around the Strait of Hormuz—with recent incidents including a vessel struck off Oman’s coast and Iranian Revolutionary Guard warnings—Gulf oil producers are racing to secure alternative export routes. While the strait has historically carried nearly 20% of global seaborne oil trade, Iraq is moving decisively to reduce its vulnerability through […]

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

Clark Savage583

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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