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News & Articles By Garrison Vance
06/12/2026
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By Garrison Vance
Global Economic Drag From US-Iran Conflict Extends Beyond Energy, Analysts Say
When the US-Iran conflict escalated earlier this year, immediate concerns centered on oil prices and the Strait of Hormuz, but the real danger was never confined to crude oil, according to an analysis published by Antiwar.com. The crisis has evolved into a broader energy, logistics, fertilizer, food and financial shock that is becoming a structural […]
06/10/2026
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By Garrison Vance
German Lawmaker Says Nord Stream Restoration Necessary for Prosperity
German Bundestag lawmaker Steffen Kotre of the opposition Alternative for Germany (AfD) party told Sputnik on June 6, 2026, that Germany cannot restore its prosperity or preserve its industrial base without restoring the Nord Stream gas pipeline. Kotre made the statement on the sidelines of the 2026 St. Petersburg International Economic Forum (SPIEF), which ran […]
06/09/2026
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By Garrison Vance
Trump Administration Announces $850 Million for Coal Plant Modernization, Two New Plants
The Trump administration on June 4, 2026, announced $850 million in federal funding to modernize existing coal-fired power plants, build two new coal plants, and expand coal-export infrastructure, according to the Department of Energy. The funding draws heavily on the Defense Production Act, a Cold War-era law that grants the president broad authority over industries […]
06/01/2026
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By Garrison Vance
Israel’s Offshore Gas Plans in Gaza Waters Draw Condemnation
Israel since 2024 has granted exploration licenses for natural gas in areas claimed by Palestine’s maritime boundary off the coast of Gaza, drawing condemnation from rights groups and environmental advocates. In February 2025, Energy Minister Eli Cohen approved Israel’s fifth offshore gas licensing round in the Mediterranean, according to a statement from the country’s Ministry of […]
06/01/2026
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By Garrison Vance
Russia Strikes Ukrainian Military-Linked Energy Facilities With Precision Weapons and Drones, Defense Ministry Says
Russian forces launched a massive retaliatory strike using high-precision long-range ground- and air-based weapons, as well as drones, against Ukraine’s military-linked energy facilities and military airfields, the Russian Defense Ministry said on Saturday, May 30. All designated targets were hit, according to the ministry’s statement. The strike was part of Russia’s ongoing special military operation […]
05/29/2026
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By Garrison Vance
Equinor Warns European Gas Storage at Risk if Hormuz Disruptions Continue
Senior executives at Norwegian energy firm Equinor ASA have warned that European natural gas storage could face a critical shortfall if shipping disruptions through the Strait of Hormuz persist for another one to three months, according to a Reuters report on May 21, 2026. [1] The warning comes as Europe enters the summer refill season […]
05/22/2026
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By Garrison Vance
China Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on Edge
China will raise the maximum retail price of gasoline by $11.03 (75 yuan) per metric ton and diesel by $10.29 (70 yuan) per ton, effective May 22, according to a notice from the state planner. The adjustment is the latest in a series of increases since the Iran war began disrupting global oil markets. The […]
05/14/2026
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By Garrison Vance
Russia’s Oil Revenues Rise $6.3 Billion as High Prices Offset Production Declines
Russia’s oil export revenues reached $19.18 billion in April, a $6.28 billion increase from the same month a year earlier, according to the International Energy Agency’s monthly market report for May. The rise occurred despite a decline in total output of 460,000 barrels per day (bpd) to 8.8 million bpd, and a 90,000 bpd drop […]
05/13/2026
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By Garrison Vance
Worldwide Demand for Coal Spikes Amid Worsening Middle East Energy Crisis
Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East, according to estimates by analytics platform Kpler cited by the Financial Times and reported by Oilprice.com. The trend has accelerated in recent weeks, analysts said, with global coal imports […]
05/11/2026
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By Garrison Vance
Pezeshkian: Iran Ready to Prove Peaceful Nature of Nuclear Program, Offers Assurance to Neighbors
Iranian President Masoud Pezeshkian told Iraqi Prime Minister-designate Ali al-Zaidi during a telephone call Tuesday, May 5, that Tehran is prepared to meet global standards to demonstrate the peaceful nature of its nuclear program, according to a statement from Iran’s presidency published by the Turkish Anadolu Agency. Pezeshkian criticized what he called contradictory U.S. policies, saying […]
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