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News & Articles By Garrison Vance
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
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 […]
04/16/2026
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By Garrison Vance
U.S. and Iran Report Progress on Ceasefire Framework as Naval Blockade Continues
U.S. President Donald Trump stated on Wednesday, April 15, that the war with Iran is “very close to over,” citing U.S. military dominance. “We’ve beaten them militarily, totally,” Trump told Fox Business in a prerecorded interview, adding, “I think it’s close to over, I view it as very close to over… If I pulled up […]
04/14/2026
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By Garrison Vance
Iran Limits Strait of Hormuz Transits to Friendly Vessels, Tankers Queue
Transit through the Strait of Hormuz remains severely restricted nearly a week after a U.S.-Iran ceasefire took effect, according to shipping data. Only vessels from nations deemed ‘friendly’ to Iran, primarily Chinese and Russian, have been observed making the crossing in recent days. [1] Approximately 800 vessels, including numerous fully-laden oil tankers, remain trapped in […]
04/13/2026
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By Garrison Vance
Oil Prices Surge Past $100 After Trump Announces Strait of Hormuz Blockade
Global oil prices surged past $100 a barrel in early Asian trading on Monday after U.S. President Donald Trump announced a naval blockade of the Strait of Hormuz. The announcement followed the collapse of weekend negotiations between U.S. and Iranian officials in Islamabad, Pakistan, aimed at ending the six-week conflict. West Texas Intermediate crude futures […]
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 […]
04/09/2026
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By Garrison Vance
Iran Conflict Disrupts Critical Helium, Aluminum Supplies with Global Economic Impact
A military conflict between the United States, Israel, and Iran is causing severe disruptions to global supplies of helium and aluminum, threatening semiconductor manufacturing, medical equipment production, and a wide range of consumer goods, according to industry analysts and news reports. While the spike in oil and gas prices has dominated headlines, attacks on critical […]
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, […]
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