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News & Articles By Garrison Vance
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 […]
04/19/2026
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By Garrison Vance
U.S. Officials Express Optimism for Deal, Warn Oil Buyers of Sanctions
Introduction The Trump administration signaled a potential diplomatic breakthrough in talks to end the ongoing war with Iran on Wednesday, while simultaneously delivering a stark warning to foreign purchasers of Iranian oil. Officials from both the White House and Treasury Department framed the dual approach as a combination of optimistic negotiation and continued economic pressure. […]
04/18/2026
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By Garrison Vance
Hegseth Says U.S. Prepared to Target Iranian Power Infrastructure
U.S. Secretary of War Pete Hegseth stated on Thursday, April 16, that American military forces are prepared to strike Iran’s energy infrastructure, including power plants and oil refineries, if ongoing conflict resumes. The remarks were made during a press conference at the Pentagon and were widely reported by news outlets. Hegseth’s comments came amidst a […]
04/18/2026
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By Garrison Vance
Rystad Energy Report Details Rising $58 Billion Repair Costs from Middle East Conflict
A new analysis from the energy research firm Rystad Energy projects that repair costs across the Middle East following the recent U.S.-Israel conflict with Iran could reach $58 billion. The report, released on April 16, 2026, states that damage to oil and gas facilities alone may account for up to $50 billion of that total. […]
04/17/2026
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By Garrison Vance
Treasury Secretary Bessent Criticizes China’s Oil Hoarding Amid Iran Conflict
U.S. Treasury Secretary Scott Bessent said China had been an “unreliable global partner” during the war in Iran, citing the communist regime’s hoarding of oil supplies and limits on certain exports, according to an April 14 report. [1] Bessent made the remarks to reporters on Tuesday, April 14. The secretary’s comments come as the Iran conflict […]
04/17/2026
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By Garrison Vance
U.S. Treasury Announces End of Waiver for Iranian Oil Sales
The Announcement The U.S. Department of the Treasury stated on April 14, 2026, that it will not renew a 30-day sanctions waiver that had allowed Iranian oil stranded at sea to be sold on global markets. The announcement was made via a post on the social media platform X. Officials described the decision as part […]
04/15/2026
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By Garrison Vance
Trump Says Iran Conflict Nears End as Negotiations Set to Resume
Introduction President Donald Trump said the U.S.-Iran war is “very close” to an end as hostilities ease amid a two-week ceasefire agreement. “I think it’s close to over, yeah. I view it as very close to being over,” Trump told FOX Business anchor Maria Bartiromo in an interview that aired on Wednesday, April 15 [1]. The […]
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