‘Groundhog Day’: Iran is unlikely to let the war end until after the midterms—and may even escalate soon Iran wants to “humiliate” Trump and may still escalate its attacks to recapture its waning leverage. Fortune · Sep 30
Why Trump banning diesel exports would upset the U.S. oil sector and upend global fuel markets—'cure would be far worse than the disease' An export ban likely would slow U.S. refining and eventually push up all fuel prices, including gasoline, jet fuel, and diesel. Fortune · Sep 23
$9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens Diesel prices soar to new record highs with no signs of slowing down anytime soon. Fortune · Sep 10
'We worry now': Oil tops $100, diesel hits record highs amid Iran war escalation Benchmarks for crude oil and diesel hit warning thresholds as the war in the Middle East escalates. Fortune · Sep 10
Iran 'Partially Lost Control' on Strait of Hormuz as US Navy Gains Upper Hand, Analysts Say—'They Were Never Completely in Control' The U.S. is gaining control over the Strait of Hormuz, a critical waterway, while Iran’s influence over the region is diminishing, according to analysts. Benzinga · Aug 19
Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream Details of any tolling or voluntary fee system are unlikely to be finalized in any potential interim deal, further delaying a permanent peace solution. Fortune · Aug 12
Trump has no remaining levers to pull as oil hovers near the $100 ‘psychological’ threshold Depleted emergency oil reserves create a dangerous game if the Strait of Hormuz and the Red Sea are effectively shuttered. Fortune · Jul 25
Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran The global energy trade is likely changed forever by the outcome of the Iran war. Fortune · Jul 18
Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario Global oil flows remain stunted as stockpiles are depleted, and demand is set to rise again. Fortune · Jul 12
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting. Fortune · Jun 12
The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and Gibraltar. Fortune · May 2
Fuel shortages from the Iran war have spread to Europe, but the pain is hitting California and the West Coast as well—and help is years away California’s refinery closures near Los Angeles and San Francisco are occurring just as the Iran war limits global supply. Fortune · Apr 24
With the U.S. now blockading the Strait of Hormuz, the focus is on who has the ‘guts to go through first’ A coalition of U.S. allies is now working on a plan to safely secure the Strait of Hormuz. Fortune · Apr 13
Much of Iran’s military may be ‘decimated,’ but it’s winning the energy war as it picks who gets cargoes through the Strait of Hormuz The war of attrition in Iran could lead to an Iranian “major victory” if the U.S. withdraws without controlling commerce. Fortune · Apr 4
International Business Times UK · Mar 20 Kevin O'Leary Predicts Who Will Control the Strait of Hormuz After the Middle East War Subsides Kevin O'Leary predicts a multinational coalition will seize control of the Strait of Hormuz to ensure energy security after the 2026 Middle East war. US Treasury Secretary Scott Bessent considers 'unsanctioning' 140 million barrels of Iranian oil to curb soaring global prices.
Fortune · Mar 18 It's almost inexplicable why oil prices aren't much higher. But here's why markets are ‘resilient’ so far despite the biggest energy supply shock ever Crude oil prices have surged more than 70% this year, but there's the potential to go much higher to new records.
Fortune · Mar 14 Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.
Fortune · Mar 5 Trump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again Solving the insurance and security issues is massive so long as Iran can still strike tankers.
Fortune · Mar 2 Energy markets offer ‘relatively small reaction’ to Iran war, but prices could spike if oil and gas aren’t flowing by the end of the week Crude prices jumped 6% March 2, but they have risen 25% since the beginning of the year as tensions with Iran have escalated.
Fortune · Feb 21 Trump loves cheap gas—but a military conflict in Iran could nearly double your price at the pump As Trump builds the biggest military force since 2003 outside Iran, the U.S. impacts could swing from $2.50 to $5 gasoline.
Fortune · Jan 12 Trump threatens to keep ‘too cute’ Exxon out of Venezuela after CEO provides reality check on ‘univestable’ industry Exxon Mobil CEO Darren Woods' emergence as an unofficial industry spokesman has put him at odds with Trump with his frank talk over Venezuela.
Fortune · Jan 10 Trump pushes for $100 billion in oil investments in Venezuela while Exxon and others say it’s currently ‘uninvestable’ without major reforms Oil giants tell Trump they need stability and considerable legal and political reforms before investing big in Venezuela.
Fortune · Jan 7 What CEOs need to know about the new 'Donroe' doctrine Also: All the news and watercooler chat from Fortune.
The Guardian - US · Jan 6 Trump says US companies will invest billions in Venezuelan oil production. Experts aren’t so sure Industry insiders say US oil companies want to ‘avoid getting screwed’ and will proceed with extreme caution
Fortune · Jan 6 President Trump stands ready to send U.S. Big Oil into Venezuela en masse, but the reality is messy and rebuilding a ruined industry takes many years Doubling Venezuela's weakened oil flows could cost $110 billion and take until 2030.