MenuIf the current Gulf War, marked by controversy over control of the Strait of Hormuz, does not end soon, the conflict may shift from attacks on the transport of oil by sea to disrupting vital potable water resources. Just before President Trump announced Thursday, June 11, that the ceasefire is to be signed imminently, the U.S. allegedly
Tag Archives: Oil
A Tale Of Two Oil Shocks: Why 2026 Feels Big, But Isn’t As Big As 1973
As the world watches the next act in the U.S.-Iran drama with bated breath, the headlines write themselves: the worst oil disruption in history, a fifth of global supply at risk, and Brent crude close to $110. The International Energy Agency has warned that the ongoing Iran War represents an unprecedented supply shock. Yet before declaring this
Canada As An Energy Superpower: Can It Unlock Its Potential?
Canada’s first-ever Investment Summit is scheduled for mid-September. The aim is to attract global capital for “nation-building” projects across energy, infrastructure, and critical minerals, demonstrating Ottawa’s efforts to expand the country’s role as a global energy supplier. Read the full article here.
The Struggle To Redraw Eurasia’s Energy Map
Russian missiles continue pounding Ukraine’s energy infrastructure despite President Vladimir Putin’s unilateral declaration of a ceasefire on May 9th. Earlier, Russian Deputy Prime Minister Alexander Novak announced the suspension of Kazakh crude oil supplies via the Druzhba pipeline to Germany starting May 1st. This pipeline, which became operational in the 1960s, runs from Tatarstan, Russia, and branches through Belarus
What Hormuz Whiplash Means For Markets
The world is fighting a two-front energy war. One front runs through the Strait of Hormuz, where Iran and the United States are locked in a standoff. My old acquaintance, International Energy Agency Executive Director Fatih Birol, called this the worst energy shock in history, more severe than the 1970s oil crisis and the Ukraine war combined. The second front runs through
Energy In Flux: How The Current Crisis Is Shaping The Future Of Energy
On April 4th, President Donald Trump posted on Truth Social: “Remember when I gave Iran ten days to make a deal or open up the Hormuz Strait. Time is running out…” Markets have been recoiling amid instability in the Middle East, and it does not appear that jittery investors will experience any relief in the near term. However, this
What’s At Stake In The Iran-U.S. Confrontation
In the Middle East, Iran’s theocratic government is facing an abrupt leadership change as U.S. and Israeli forces launch coordinated military operations, including Operation Epic Fury and Operation Roaring Lion. The conflict has raised concerns among analysts about regional security and potential disruptions to global energy markets. Tehran’s strategic ties with China and Russia further
How The Iran War Will Change Energy Markets And Oil Prices
The U.S.–Israeli strikes on Iran that began on February 28th quickly escalated tensions across the Persian Gulf, prompting a range of Iranian attacks against energy infrastructure throughout the region and the closure of the Strait of Hormuz. The Strait, a narrow water passage bordered on the north by Iran through which ships can transit from the Persian Gulf to
Where Else Can The World Get Energy After Iran’s Blockade Of Hormuz?
After U.S.-Israeli combat operations began against Iran on Saturday, February 28th, global energy prices surged as the Iranian Revolutionary Guard Corps announced that passage through the Strait of Hormuz was “not allowed.” This narrow body of water (the navigation channel is only two-miles wide) moves 20%-30% of the world’s supply of crude oil and liquified natural gas every day, including
The U.S. “Takeover” Of Venezuelan Oil Won’t Move The Global Market
Following last month’s dramatic capture of former Venezuelan President Nicolás Maduro, the Trump Administration is now shifting into high gear to expand the footprint of Western companies in Venezuela’s oil sector. Through the Office of Foreign Assets Control (OFAC), a series of new Venezuela General Licenses (GLs) have been published, including GL 50, which authorizes companies,