Oil Markets
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Strait of Hormuz Oil Flows Rebound Toward Pre-War Norms Amid Indirect U.S.-Iran Talks
Crude shipments through the Strait of Hormuz near pre-war levels as Washington and Tehran weigh indirect ceasefire proposals.
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Gas Prices Near $5 in Michigan as Geopolitical Tensions and Refinery Outages Converge
Michigan gas prices reach near $5 per gallon as regional refinery issues and broader geopolitical volatility from the war with Iran drive costs upward.
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Strait of Hormuz Negotiations Stall as Iran and Oman Seek Independent Shipping Route
Iran and Oman push for a new shipping route in the Strait of Hormuz, while President Trump claims U.S. military success despite persistent regional unrest.
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Strait of Hormuz Standoff Deepens as Iran Issues New Conditions for Passage
Iran has set strict conditions for reopening the Strait of Hormuz, as Houthi rebels escalate drone strikes on Saudi oil infrastructure.
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New Yemen Tensions Risk Major Disruption to Global Energy Markets
Renewed fighting in Yemen threatens the Bab al-Mandeb Strait, a vital energy artery, potentially forcing a global economic shock if trade routes are blocked.
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Fragile Truce Crumbles as Iran Strikes Bahrain and Kuwait Following US Military Action
The Middle East faces renewed instability as US strikes on Iranian targets trigger retaliatory missile fire against Bahrain and Kuwait, testing a fragile ceasefire.
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IEA Forecasts Global Oil Surplus as Market Rebounds from Iran Conflict
The International Energy Agency projects a shift from supply shocks to a surplus by late 2026 as demand destruction and normalizing flows through the Strait of Hormuz alter the global energy landscape.
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Trump Sets Tuesday Deadline as Iran Demands War Compensation
President Donald Trump has issued a final warning to Iran to reopen the Strait of Hormuz by Tuesday night, while Tehran demands compensation for war-related damages to end its blockade.
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IEA: Iran conflict creates energy crisis worse than 1970s shocks
The IEA reports the Iran conflict has caused a daily loss of 11 million barrels of oil, triggering a global energy shortage worse than past crises.
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US Shifts Military in Mideast Amid Israel-Iran Tensions
The US redirects military resources in response to Israel’s strikes on Iran, raising regional tensions and strategic stakes.

