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News & Articles By Garrison Vance
06/28/2026
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By Garrison Vance
Oil Prices Near $70 a Barrel as Strait of Hormuz Evacuation Plan Raises Hopes for Normalized Flow
Oil Prices Drop on Evacuation Plan Oil prices traded near $70 a barrel on Wednesday, June 24, as an evacuation plan for vessels trapped in the Strait of Hormuz raised hopes for normalized energy flows, according to market data. Brent crude futures fell below $75 a barrel on June 23, while West Texas Intermediate crude […]
06/26/2026
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By Garrison Vance
Iran Foreign Ministry Says Strait of Hormuz Open After IRGC Warning Sparks Confusion
Iranian Foreign Ministry spokesman Esmail Baghaei said last week that traffic through the Strait of Hormuz was flowing under Iranian monitoring. “The armed forces of Iran, in accordance with the memorandum of understanding [MOU] to end the war dated June 18, 2026, have taken the necessary measures to ensure the safe passage of commercial vessels […]
06/23/2026
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By Garrison Vance
Explosion at Qatar’s Ras Laffan Gas Facility Due to Technical Incident, Officials Say
Explosion at Qatar’s Ras Laffan Gas Facility An explosion occurred at the Barzan gas plant within Qatar’s Ras Laffan Industrial City on Sunday, June 21, 2026, according to Qatar’s interior ministry and state-owned energy company QatarEnergy. The blast was attributed to a “technical accident” or operational error, officials said. Several injuries were reported, but authorities […]
06/21/2026
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By Garrison Vance
Oil Prices Slide After Iran Deal, But Analysts Warn Gasoline Relief Will Take Months
Brent crude futures fell 0.1% to $77.18 a barrel on Thursday, June 18, 2026, according to market data [1]. West Texas Intermediate crude slid 0.3% to $75.78 a barrel the same day [1]. The declines brought oil prices to their lowest levels since the start of the US-Iran conflict on February 28, when benchmarks had […]
06/21/2026
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By Garrison Vance
Drone Strike on Moscow Refinery Causes “Oil Rain” in Russian Capital
Ukraine launched what Russian officials described as the largest drone attack on Moscow since the start of the full-scale war on Thursday, June 18 – striking the Moscow Oil Refinery and causing “oil rain” to fall over parts of the city, according to multiple reports. Moscow Mayor Sergei Sobyanin confirmed that Ukrainian drones successfully targeted a […]
06/20/2026
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By Garrison Vance
Trump’s Iran Pact Seen as Strategic Defeat in Washington
On June 17, 2026, U.S. President Donald Trump signed the Islamabad Memorandum of Understanding (MOU) with Iran at the Palace of Versailles in France, opening a 60-day window for negotiations to end a war that began in February. The agreement lifts all sanctions on Iranian oil sales, reopens the Strait of Hormuz and establishes a […]
06/19/2026
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By Garrison Vance
De Facto Moratorium: The Pentagon’s Secret War Against Wind Energy
Overview Three environmental and renewable energy organizations filed a lawsuit in federal court seeking to end what they call the Department of War’s ‘de facto moratorium’ on new wind energy projects. The suit was filed June 16 in the U.S. District Court for the District of Columbia. According to court documents, plaintiffs include the American […]
06/18/2026
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By Garrison Vance
Report: Qatar Plans Rapid LNG Export Recovery After Hormuz Reopening
Qatar expects to restore up to 80% of its liquefied natural gas (LNG) export capacity within two months of the Strait of Hormuz reopening, according to a Bloomberg report published Tuesday, June 16, that cited a source familiar with the matter. The source said QatarEnergy has informed buyers that it plans to increase output to […]
06/16/2026
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By Garrison Vance
U.S. Average Gas Price Drops Below $4 Per Gallon for First Time Since April
The national average price of regular gasoline in the United States fell below $4 per gallon on Sunday, June 14 – the first time since mid-April, according to data from fuel analytics firm GasBuddy. The decline followed President Donald Trump’s announcement late Sunday that a peace deal with Iran had been secured, sending crude oil […]
06/12/2026
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By Garrison Vance
U.S. Strategic Petroleum Reserve Nears Historic Low Amid Continued Drawdown
The U.S. Strategic Petroleum Reserve (SPR) held 365.1 million barrels of crude oil as of the week ending May 22, according to the latest report from the Energy Information Administration (EIA). That figure represents a decline of more than 50 million barrels since the conflict with Iran began on Feb. 28, officials said. The reserve […]
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