Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked fr…
Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade Read More »
U.S. President Donald Trump on Monday threatened to escalate the war with Iran if it blocked oil shipments from the Middle East, even as he predicted a quick end to the conflict.Trump’s warning came at the end of a day that saw global financial…
Trump Threatens to Escalate Iran War, But Says It Could End Soon Read More »
U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the Iran conflict, according to multiple sources.The…
Trump Weighs Easing Russia Sanctions Read More »
Iran’s Revolutionary Guards said any Arab or European country that expels the ambassadors of Israel and the U.S.
Iran Says Countries that Expel US, Israel Envoys Can Pass Strait of Hormuz Read More »
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas …
US Undiscovered Offshore Reserves Could Maintain Supply for 100 Years Read More »