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News & Articles By Garrison Vance
04/11/2026
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By Garrison Vance
Iran Limits Daily Vessel Transits Through Strait of Hormuz to 15 Under Ceasefire Terms: Report
Iran Limits Daily Vessel Transits Through Strait of Hormuz to 15 Under Ceasefire Terms: Report A new report claims Iran has agreed to a significant restriction on maritime traffic through the Strait of Hormuz as part of a broader ceasefire agreement with the United States. According to a report from The Cradle, cited by other […]
04/10/2026
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By Garrison Vance
Saudi Pipeline Attack Removes 700,000 Barrels Daily from Oil Exports
Introduction: Pipeline Damage Confirmed The Saudi energy ministry confirmed on Thursday that Iranian strikes on the kingdom’s East-West pipeline have reduced its export capacity by approximately 700,000 barrels per day (bpd). The ministry stated the attacks hit a pumping station on the vital pipeline, which serves as the main route for supplying global markets at […]
04/09/2026
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By Garrison Vance
IEA Chief Warns Energy Crisis Exceeds Historical Precedents
The head of the International Energy Agency (IEA) issued a stark warning this week that the ongoing global energy crisis, driven by the near-total closure of the Strait of Hormuz, exceeds the severity of all major historical supply shocks combined. Fatih Birol, the IEA’s executive director, stated that the current disruption is more serious than […]
04/08/2026
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By Garrison Vance
Qatar LNG Export Disruption Continues as Tankers Divert from Strait of Hormuz
Introduction The ongoing disruption to Qatar’s liquefied natural gas (LNG) exports entered a new phase on Monday, April 6, 2026, as two carriers aborted a rare attempt to transit the Strait of Hormuz. The vessels, ‘Al Ghariya’ and ‘Al Huwaila,’ turned around near the critical maritime chokepoint, according to ship-tracking data, underscoring the persistent blockade […]
04/08/2026
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By Garrison Vance
Report: 75 Energy Assets Damaged in Gulf Region Conflicts
75 Energy Assets Damaged in Gulf Region Conflicts A new analysis indicates that 75 critical energy assets have been damaged or destroyed in hostilities across the Gulf region, according to a report cited by energy sector observers. The findings were released amid heightened regional military activity and escalating tensions that have disrupted global energy markets. […]
04/08/2026
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By Garrison Vance
Russia, China Veto UN Resolution on Strait of Hormuz, Citing Escalation Risk
UN Resolution Vetoed, Tensions Rise Over Key Shipping Lane Russia and China exercised their veto power at the United Nations Security Council on Tuesday, blocking a resolution that sought to reopen the Strait of Hormuz for international maritime traffic. The vote came as a U.S. deadline for Iran to agree to a ceasefire or face […]
04/06/2026
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By Garrison Vance
Russia Expands Gasoline Export Ban, Faces Major Oil Outages Due to Drone Strikes
Russia Bans Gasoline Exports, Confirms Major Baltic Oil Terminal Outages The Russian government has expanded a ban on gasoline exports to include producers of the fuel, according to a report from Interfax news agency [1]. The ban, which now includes all gasoline producers, is scheduled to remain in effect until July 31. It expands previous […]
04/01/2026
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By Garrison Vance
Jet Fuel Prices Surge Amid Middle East Tensions, Airlines Warn of Potential Shortages
Jet fuel prices in the United States have more than doubled in recent weeks, placing acute pressure on global airlines and raising the prospect of widespread travel disruptions. Prices surged from approximately $2.17 to $4.57 per gallon by late March, according to the Argus U.S. Jet Fuel Index [2]. Industry executives warn that airline fuel […]
03/31/2026
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By Garrison Vance
Oil Prices Hit Multi-Year High Amid Persian Gulf Tensions
Oil Prices Close at Highest Level Since 2022 as Iran Negotiations Fail to Ease Supply Fears Oil markets closed Friday, March 27, at their highest level in more than three years, as diplomatic maneuvers by U.S. President Donald Trump failed to calm persistent fears over the security of Middle Eastern supplies. According to market data, […]
03/27/2026
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By Garrison Vance
Iranian Oil Revenue Climbs to $139 Million Daily Amid Strait of Hormuz Disruptions
Iran Earns $139 Million Daily from Oil as Hormuz Crisis Continues Iran’s oil exports continue to flow through the Strait of Hormuz despite a regional conflict, generating an estimated $139 million per day in March, according to Bloomberg calculations based on export data from Tankertrackers.com [1]. The daily revenue represents an increase of nearly $25 […]
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