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News & Articles By Garrison Vance
05/05/2026
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By Garrison Vance
Kuwait Exports Zero Barrels of Oil for the First Time Since 1991 Gulf War, Monitor Says
Kuwait exported zero barrels of crude oil in April 2026, the first such halt since the 1991 Gulf War, according to data from shipping monitor Tanker Trackers. The tanker-tracking service reported that while the country continued to produce oil, no crude was shipped overseas during the month. The halt is attributed to the effective closure […]
05/01/2026
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By Garrison Vance
Iranian Oil Smuggling Scheme Uses Fake Iraqi Ship Identities to Evade U.S. Blockade, Intelligence Firm Says
A maritime intelligence firm reported on April 29 that a group of U.S.-sanctioned oil tankers are falsifying their location data to appear anchored off Iraq while secretly loading Iranian crude, according to Windward AI. The scheme involves four very large crude carriers (VLCCs) holding an estimated 8 million barrels worth approximately $800 million at current […]
05/01/2026
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By Garrison Vance
U.S. Energy Chief: Strait of Hormuz Can Reopen Without Full Demining; Warns Iran Shut-In Could Damage Reservoirs
United States Energy Secretary Chris Wright said that not all mines placed by Iran in the Strait of Hormuz must be removed for ships to resume transit through the vital waterway. “You just need a pathway for ships to be moved in and out,” Wright said in an interview on the sidelines of the Three […]
04/29/2026
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By Garrison Vance
United Arab Emirates to Leave OPEC After 60 Years
UAE Announces Withdrawal from OPEC The United Arab Emirates (UAE) said on Tuesday, April 28, that it will leave the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ group effective Friday, May 1, according to an official statement carried by state media. The decision ends nearly 60 years of membership and comes […]
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 […]
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