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News & Articles By Garrison Vance
04/28/2026
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By Garrison Vance
U.S. Escalates Economic War on Iran, Sanctions Chinese Refinery and Shadow Fleet in Latest Crackdown
The U.S. Department of the Treasury (USDT) sanctioned a Chinese refinery and 40 shipping firms and vessels on Friday, April 24, for providing financial support to Iran’s oil economy, according to officials. The action targets a key revenue source for the Iranian military, which authorities said enables Tehran’s activities in the Middle East and threats […]
04/25/2026
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By Garrison Vance
Israel Prepared for Renewed Iran Conflict, Awaiting U.S. Approval, Defense Minister Says
Israeli Defense Minister Israel Katz stated on Thursday, April 23, that the country’s military is prepared to renew the war against Iran but is waiting for a U.S. green light to proceed, according to separate reports from Israeli media and a statement posted by the minister. Katz said a renewed campaign would target Iranian energy […]
04/25/2026
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By Garrison Vance
Trump Extends Jones Act Waiver for 90 Days to Ease Energy Crunch
Introduction President Donald Trump has extended a waiver of the Jones Act for 90 days, according to a White House announcement on April 24, 2026 [1]. The move allows foreign-flagged vessels to transport fuel and other goods between U.S. ports, an action administration officials said is intended to mitigate short-term disruptions to energy markets stemming from […]
04/24/2026
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By Garrison Vance
US Extends Russian Oil Sanctions Waiver At Request Of Vulnerable Nations
The U.S. Treasury Department has extended a sanctions waiver allowing deliveries of Russian oil for another month, a reversal announced on April 19, 2026. The decision prolongs a general license permitting transactions involving Russian crude and petroleum products loaded onto vessels as of April 17, authorizing their delivery and sale until May 16. [5] Treasury […]
04/23/2026
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By Garrison Vance
Airfare Hikes Reach 25% as Iran War Fuels Global Aviation Crisis
Introduction Global airfares have surged by nearly 25 percent as disruptions stemming from the ongoing war with Iran create a fuel supply and cost crisis for the aviation industry. A report from consultancy Teneo highlights a 24 percent increase in the lowest-priced economy tickets compared to last year, with long-haul routes experiencing the most severe […]
04/23/2026
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By Garrison Vance
Report: Iranian Tankers Evade U.S. Naval Blockade in Strait of Hormuz, Ceasefire Holds Amid Oil Price Volatility
Approximately 34 Iranian oil tankers have reportedly bypassed a U.S. naval blockade imposed on the Strait of Hormuz, according to a report from the Financial Times (FT) published on Wednesday, April 22. The reported evasion of the naval cordon, which occurred in recent days, included 19 tankers exiting the Persian Gulf and 15 entering from the […]
04/22/2026
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By Garrison Vance
India Expands Ship Insurance Approvals for Russian Oil Shippers, Imports Surge
India’s Directorate General of Shipping has approved three new Russian insurance providers to cover ships docking at the country’s ports, bringing the total number of authorized Russian insurers to 11, according to a recent report. [1] This administrative move facilitates the continued high-volume import of discounted Russian crude oil by the world’s third-largest oil importer. […]
04/22/2026
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By Garrison Vance
Cuba Confirms High-Level Talks With U.S., Seeks Relief From Energy Restrictions
Introduction Cuban officials confirmed on Monday, April 20 that direct diplomatic talks with American officials recently took place in Havana. The discussions, described as respectful and professional, mark a rare high-level engagement as tensions persist over Washington’s economic restrictions, which Cuba labels a blockade. [1] Alejandro Garcia del Toro, deputy director general for U.S. affairs […]
04/21/2026
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By Garrison Vance
Strait of Hormuz Closed Again After U.S. Maintains Blockade of Iranian Ports
Introduction The Strait of Hormuz was reclosed to commercial traffic by Iran on Saturday, April 18, 2026, just one day after it was conditionally reopened. This swift reversal occurred after the United States refused to lift its naval blockade of Iranian ports. [1] In a statement, the Iranian government said it had reopened the strategic […]
04/19/2026
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By Garrison Vance
IEA Chief Warns Persian Gulf Energy Recovery Could Take Up to Two Years
Two-Year Timeline Set for Restoring Oil and Gas Production A full recovery of Persian Gulf oil and gas production lost due to conflict-related damage could take up to two years, according to a recent assessment by Fatih Birol, the Executive Director of the International Energy Agency (IEA). [1] This timeline, provided by Birol in an […]
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