Iran War Triggers Billions in New Oil Pipeline and Port Investment
The severe disruption of oil and gas flows out of the Persian Gulf resulting from the war between the U.S. and Israel and Iran, has saddled energy-importing nations with soaring…
Energy
The Iran War Has Handed Russia a Strategic Opening in Europe
The war with Iran has handed Russia a strategic advantage in Ukraine. Washington is burning through the weapons Europe needs to deter Russia, moving military capacity into the Gulf and…
Oil Selloff Outruns Reality in Hormuz
WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to $79.62…
Iran War Adds $330 Billion to Global Energy Import Bill
The war between the United States, Israel, and Iran has caused the oil and gas import bill of the world to swell by as much as $330 billion over the…
U.S. Eyes 18th-Century Law to Seize and Sell Iranian Oil
The US government is exploring an unusual legal route for dealing with Iranian oil and ships captured as part of its blockade: bringing back a wartime maritime system that has…