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News & Articles By Garrison Vance
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 […]
03/24/2026
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By Garrison Vance
Simulation: Extended Strait of Hormuz Closure Could Affect $1.2 Trillion in Global Trade
Simulation Models Impacts of Prolonged Strait of Hormuz Closure A simulation conducted by Austrian researchers has modeled the potential global economic impact of a prolonged closure of the Strait of Hormuz, a critical maritime chokepoint, according to a study released in March 2026. The research, which examined the flow of 10,000 tankers between 1,315 ports […]
03/21/2026
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By Garrison Vance
Cabinet Secretaries Rule Out Export Restrictions to Curb Gas Prices, Citing Energy Security
Introduction Energy Secretary Chris Wright and Interior Secretary Doug Burgum issued a joint statement on March 19 explicitly denying any plans to restrict U.S. oil and natural gas exports as a tool to curb domestic fuel prices, according to officials [1]. The statement, posted on social media platform X, came amid speculation that the administration […]
03/21/2026
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By Garrison Vance
U.S. Treasury Secretary Suggests Potential Easing of Sanctions on ‘Stranded’ Iranian Oil
U.S. Official Signals Possible Policy Shift on Sanctioned Iranian Crude U.S. Treasury Secretary Scott Bessent indicated on Thursday, March 19, that the Trump administration is considering lifting sanctions on Iranian crude oil currently held on tankers at sea, according to a report by Reuters. [1] The remarks, made during a financial conference and later in […]
03/20/2026
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By Garrison Vance
Trump Administration Issues 60-Day Jones Act Waiver Following Oil Price Spike
Administration Waives Cabotage Law for Oil Shipments President Donald Trump issued a 60-day waiver suspending enforcement of the Jones Act on March 18, 2026, according to a White House announcement. The move temporarily lifts a century-old maritime law that requires goods shipped between United States ports to be carried on vessels that are U.S.-built, U.S.-flagged, […]
03/19/2026
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By Garrison Vance
Gulf Energy Revenues Drop by Billions Following U.S.-Israeli Strikes on Iran, Report States
Introduction Oil producers in the Gulf region have lost an estimated $15.1 billion in energy revenues since the launch of coordinated US-Israeli strikes on Iran in late February, according to a report from the Financial Times. The report, citing analysis from the energy analytics firm Kpler, states that the conflict and subsequent Iranian retaliatory measures […]
03/17/2026
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By Garrison Vance
Commercial Shipping Persists in Critical Waterway as Conflict Escalates
At least a dozen commercial vessels have transited the contested Strait of Hormuz since late February 2026, navigating a live war zone to deliver crude oil and liquefied natural gas to global markets, according to data from maritime specialists. The voyages by Greek and Chinese-operated tankers occur amid a joint U.S.-Israeli military campaign against Iran, […]
03/17/2026
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By Garrison Vance
Jet Fuel Prices Climb Sharply Following Strait of Hormuz Closure, Airfares Increase
Global jet fuel prices have risen sharply following the effective closure of the Strait of Hormuz amid the ongoing U.S.-Israel conflict with Iran, prompting multiple airlines to announce immediate airfare increases. The International Energy Agency has characterized the resulting supply disruption as the largest in global oil market history [1]. Jet fuel prices, which were […]
03/17/2026
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By Garrison Vance
Iranian Official Warns of $200 Oil Prices Amid Escalating Strait of Hormuz Tensions
Iran Warns of $200 Oil as Hormuz Blockade Threat Intensifies A senior Iranian military spokesperson warned on March 11, that global crude oil prices could surge to $200 per barrel if ongoing U.S. and Israeli military operations in the region continue. The statement from Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command, followed a […]
03/16/2026
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By Garrison Vance
Oil Prices Hold Above $100 Despite Eased Sanctions, Markets Decline on Middle East Tensions
Introduction Global oil prices remained above $100 per barrel on Friday, March 13, 2026, despite a U.S. decision to temporarily ease sanctions on Russian oil shipments, as ongoing military conflict in the Middle East continued to threaten energy supplies and roil financial markets. Brent crude, the international benchmark, settled at approximately $102 per barrel, according […]
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