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News & Articles By Garrison Vance
08/18/2026
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By Garrison Vance
Trump Downplays Higher Gas Prices Caused by Iran War, Won’t Apologize
President Donald Trump said he will not apologize for higher gasoline prices resulting from the U.S. war with Iran, according to the New American. Speaking on Aug. 14 at the David S. Mack Center for Training and Intelligence in Garden City, New York, Trump said higher gas prices are a small price to pay to […]
08/11/2026
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By Garrison Vance
Race to Reopen the Strait of Hormuz Intensifies as Supply Chain Stress Persists
Shipping transits through the Strait of Hormuz remained largely uninterrupted on Monday morning, according to Bloomberg data cited by Zero Hedge, even as Iran and Oman reportedly moved closer to a deal. Brent crude futures traded near $85 a barrel as markets priced in the possibility that a deal to reopen the maritime chokepoint could […]
08/07/2026
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By Garrison Vance
Iran War Tightens Fuel Markets, Boosts Refiner Profits
War in Iran has tightened global fuel markets and boosted refiner profits, according to a report by Tsvetana Paraskova of OilPrice.com. The conflict has left markets for gasoline, diesel, and jet fuel tighter than markets for crude, as reduced refining throughput in Asia and a temporary Chinese ban on fuel exports constrained product supply. [1] […]
08/07/2026
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By Garrison Vance
Ukrainian Drones Are Dropping Mines on Main Road to Energodar, Rosatom CEO Says
The chief executive of Russian state nuclear corporation Rosatom said Wednesday that Ukrainian drones are dropping anti-personnel mines nightly on the main road to Energodar, the city adjacent to the Zaporizhzhia Nuclear Power Plant, making the delivery of new personnel to the facility a deadly task. Alexey Likhachev made the statement to reporters, according to […]
08/07/2026
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By Garrison Vance
U.S. Crude Oil Emergency Buffer Drops to 43 Days, Lowest in 45 Years
U.S. crude oil supplies, including the Strategic Petroleum Reserve (SPR), are sufficient for 43 days of global supply, according to Bank of America Global Research data compiled by Bloomberg. The figure is the lowest in 45 years and stands well below the long-term average of about 65 days, the data show. The decline comes as […]
08/05/2026
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By Garrison Vance
Pentagon Cancels $300 Million Lithium Carbonate Tender for Defense Stockpile
Pentagon Scraps $300 Million Lithium Carbonate Tender The U.S. Department of War canceled a tender to purchase up to $300 million worth of lithium carbonate for the National Defense Stockpile, according to a Defense Logistics Agency notice effective Aug. 3, 2026. The agency did not provide a reason for the cancellation, according to a report by […]
08/05/2026
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By Garrison Vance
Report: Iran, Oman Near Deal to Reopen Strait of Hormuz With “Service Fee” Collection
Iran and Oman are close to an agreement to fully reopen the Strait of Hormuz to shipping traffic, according to the New York Times (NYT), which cited Iranian and U.S. officials familiar with the developing accord. Under the reported arrangement, ships entering the strait from the Indian Ocean via the Gulf of Oman would be […]
08/03/2026
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By Garrison Vance
Russian Forces Strike Fuel Tanks and Tugboat in Ukrainian Ports, Defense Ministry Says
The Russian armed forces struck fuel storage facilities used to supply the Ukrainian military at the port of Odessa and a tugboat converted for uncrewed surface vessels at the port of Nikolaev, the Russian Defense Ministry said Saturday. [1] The ministry said the strikes were carried out with air-launched precision-guided weapons and unmanned aerial vehicles. Sputnik […]
08/03/2026
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By Garrison Vance
Strait of Hormuz crude oil traffic reaches new peak amid U.S.-Israeli conflict with Iran
Strait of Hormuz crude oil traffic hits new peak Shipping data analyzed by Kpler shows crude oil movement through the Strait of Hormuz reached its highest level since the start of the U.S.-Israeli war on Iran in late February. On Thursday, six tankers carrying a combined 10 million barrels of crude passed through the waterway, […]
07/26/2026
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By Garrison Vance
U.S.-Saudi Nuclear Deal Faces Swift Backlash Over Enrichment Provisions
The United States and the Kingdom of Saudi Arabia signed a nuclear cooperation agreement on July 22, 2026, that could allow the kingdom to enrich uranium on its soil, according to the U.S. Department of Energy. The agreement, known as a 123 Agreement, was signed by U.S. Energy Secretary Chris Wright and Saudi Minister of […]
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