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News & Articles By Garrison Vance
04/06/2026
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By Garrison Vance
Russia Expands Gasoline Export Ban, Faces Major Oil Outages Due to Drone Strikes
Russia Bans Gasoline Exports, Confirms Major Baltic Oil Terminal Outages The Russian government has expanded a ban on gasoline exports to include producers of the fuel, according to a report from Interfax news agency [1]. The ban, which now includes all gasoline producers, is scheduled to remain in effect until July 31. It expands previous […]
04/01/2026
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By Garrison Vance
Jet Fuel Prices Surge Amid Middle East Tensions, Airlines Warn of Potential Shortages
Jet fuel prices in the United States have more than doubled in recent weeks, placing acute pressure on global airlines and raising the prospect of widespread travel disruptions. Prices surged from approximately $2.17 to $4.57 per gallon by late March, according to the Argus U.S. Jet Fuel Index [2]. Industry executives warn that airline fuel […]
03/31/2026
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By Garrison Vance
Oil Prices Hit Multi-Year High Amid Persian Gulf Tensions
Oil Prices Close at Highest Level Since 2022 as Iran Negotiations Fail to Ease Supply Fears Oil markets closed Friday, March 27, at their highest level in more than three years, as diplomatic maneuvers by U.S. President Donald Trump failed to calm persistent fears over the security of Middle Eastern supplies. According to market data, […]
03/27/2026
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By Garrison Vance
Iranian Oil Revenue Climbs to $139 Million Daily Amid Strait of Hormuz Disruptions
Iran Earns $139 Million Daily from Oil as Hormuz Crisis Continues Iran’s oil exports continue to flow through the Strait of Hormuz despite a regional conflict, generating an estimated $139 million per day in March, according to Bloomberg calculations based on export data from Tankertrackers.com [1]. The daily revenue represents an increase of nearly $25 […]
03/26/2026
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By Garrison Vance
Britain Assumes Command of Multinational Task Force in Strait of Hormuz as Iran Rejects Ceasefire Proposal
The Royal Navy assumed operational command of a multinational naval coalition in the Strait of Hormuz on March 25, 2026, according to a statement from British defense officials. The task force is comprised of vessels from multiple allied nations and is being deployed as commercial shipping through the critical waterway remains severely disrupted. The announcement […]
03/25/2026
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By Garrison Vance
President Trump Hints at Unspecified Energy Agreement with Iran Amid Regional Tensions
U.S. President Donald Trump stated on Monday, March 23, 2026, that a major energy development involving Iran would be announced soon, according to a post on his Truth Social platform. The announcement, which lacked specific details, was described as a significant oil and gas-related concession from Iran to the United States. [1] Trump told reporters on […]
03/24/2026
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By Garrison Vance
Gulf states reassess stance as US-Israel conflict with Iran enters fourth week
As the United States and Israel’s military campaign against Iran entered its fourth week on March 20, 2026, Gulf Arab states are recalibrating their positions amid escalating regional violence and economic disruption. Saudi Arabia has granted the United States expanded access to a key air base, while the United Arab Emirates has signaled preparedness for […]
03/20/2026
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By Garrison Vance
Heightened Tensions in Strait of Hormuz Threaten Global Energy Supplies
Overview: Maritime Disruption in Critical Oil Corridor Tanker traffic through the Strait of Hormuz has become irregular in recent weeks, shipping data shows. The waterway, a narrow passage between Iran and Oman, normally sees the transit of approximately 20% of the world’s oil and a similar share of liquefied natural gas (LNG), according to energy […]
03/20/2026
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By Garrison Vance
Trump Administration Issues 60-Day Jones Act Waiver Following Oil Price Spike
Administration Waives Cabotage Law for Oil Shipments President Donald Trump issued a 60-day waiver suspending enforcement of the Jones Act on March 18, 2026, according to a White House announcement. The move temporarily lifts a century-old maritime law that requires goods shipped between United States ports to be carried on vessels that are U.S.-built, U.S.-flagged, […]
03/19/2026
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By Garrison Vance
Gulf Energy Revenues Drop by Billions Following U.S.-Israeli Strikes on Iran, Report States
Introduction Oil producers in the Gulf region have lost an estimated $15.1 billion in energy revenues since the launch of coordinated US-Israeli strikes on Iran in late February, according to a report from the Financial Times. The report, citing analysis from the energy analytics firm Kpler, states that the conflict and subsequent Iranian retaliatory measures […]
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