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News & Articles By Garrison Vance
08/31/2026
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By Garrison Vance
Iran Restores 40% Capacity at South Pars Gas Field After Damage
Iranian officials have announced the partial restoration of gas production at the South Pars field, following a disruption caused by military strikes in March 2026. According to statements from the Iranian Ministry of Petroleum cited by the Pars Oil and Gas Company, the restoration represents 40% of the field’s capacity. The announcement was made by […]
08/30/2026
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By Garrison Vance
Bessent Announces Sanctions Campaign Against Iran, Warns of Global Financial Disruption
Treasury Secretary Unveils “Operation Economic Outcast” Treasury Secretary Scott Bessent announced a new sanctions campaign targeting Iran’s technology, gold, aviation, shipping, and digital assets sectors on Aug. 24, according to statements made at a news conference. The campaign, dubbed “Operation Economic Outcast,” is designed to isolate Iran from the global financial system, officials said.[1] Bessent […]
08/26/2026
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By Garrison Vance
Farmers in America’s Corn Belt Face Worst Crisis in 40 Years, Citing Soaring Input Costs Linked to Iran Conflict
Introduction Farmers across America’s Corn Belt report that they are facing their most severe economic pressure in four decades, according to an Aug. 25 report from the Financial Times (FT). The crisis is driven by a surge in diesel and fertilizer costs, which the report attributes to geopolitical tensions stemming from the Trump administration’s Iran […]
08/25/2026
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By Garrison Vance
Iran Threatens to Block Gulf Oil Exports if Region Cooperates with U.S. Plan
Iran warned on August 23, 2026, that it would block oil shipments from the Persian Gulf if regional states cooperate with a U.S. pressure campaign against Tehran, according to a report by RT. The warning, carried by Iranian state media, stated that “not a single drop of oil” would leave the Gulf under such circumstances. […]
08/18/2026
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By Garrison Vance
Trump Downplays Higher Gas Prices Caused by Iran War, Won’t Apologize
President Donald Trump said he will not apologize for higher gasoline prices resulting from the U.S. war with Iran, according to the New American. Speaking on Aug. 14 at the David S. Mack Center for Training and Intelligence in Garden City, New York, Trump said higher gas prices are a small price to pay to […]
08/11/2026
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By Garrison Vance
Race to Reopen the Strait of Hormuz Intensifies as Supply Chain Stress Persists
Shipping transits through the Strait of Hormuz remained largely uninterrupted on Monday morning, according to Bloomberg data cited by Zero Hedge, even as Iran and Oman reportedly moved closer to a deal. Brent crude futures traded near $85 a barrel as markets priced in the possibility that a deal to reopen the maritime chokepoint could […]
08/07/2026
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By Garrison Vance
Iran War Tightens Fuel Markets, Boosts Refiner Profits
War in Iran has tightened global fuel markets and boosted refiner profits, according to a report by Tsvetana Paraskova of OilPrice.com. The conflict has left markets for gasoline, diesel, and jet fuel tighter than markets for crude, as reduced refining throughput in Asia and a temporary Chinese ban on fuel exports constrained product supply. [1] […]
08/07/2026
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By Garrison Vance
Ukrainian Drones Are Dropping Mines on Main Road to Energodar, Rosatom CEO Says
The chief executive of Russian state nuclear corporation Rosatom said Wednesday that Ukrainian drones are dropping anti-personnel mines nightly on the main road to Energodar, the city adjacent to the Zaporizhzhia Nuclear Power Plant, making the delivery of new personnel to the facility a deadly task. Alexey Likhachev made the statement to reporters, according to […]
08/07/2026
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By Garrison Vance
U.S. Crude Oil Emergency Buffer Drops to 43 Days, Lowest in 45 Years
U.S. crude oil supplies, including the Strategic Petroleum Reserve (SPR), are sufficient for 43 days of global supply, according to Bank of America Global Research data compiled by Bloomberg. The figure is the lowest in 45 years and stands well below the long-term average of about 65 days, the data show. The decline comes as […]
08/05/2026
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By Garrison Vance
Pentagon Cancels $300 Million Lithium Carbonate Tender for Defense Stockpile
Pentagon Scraps $300 Million Lithium Carbonate Tender The U.S. Department of War canceled a tender to purchase up to $300 million worth of lithium carbonate for the National Defense Stockpile, according to a Defense Logistics Agency notice effective Aug. 3, 2026. The agency did not provide a reason for the cancellation, according to a report by […]
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