Seven major oil producers in OPEC+ have quietly decided to slightly increase their oil output next month, adding about 188, 000 barrels per day. This decision happens even as one of their key members, the UAE, announced it was leaving the group. The increase mirrors a similar move last month, but wi
The U. S. government recently argued that its military strikes against Iran weren’t a new conflict but part of an old one. According to top legal officials, these actions were taken to protect Israel and prevent Iran from gaining nuclear weapons. The strikes began in late February, killing Iran’s le
A top Iranian official recently took aim at cryptocurrency’s role in oil markets during a tense moment at the Strait of Hormuz. Instead of just warning about sanctions or payment limits, he mocked “digital oil” trading—suggesting that crypto-based oil contracts now influence how people see real-worl
Tensions between Iran and the U. S. have reached a boiling point as Iran promises a firm but measured reply if American strikes target its power plants. Tehran made it clear that it sees such actions as unacceptable aggression, firmly rejecting the idea of backing down under pressure. In a sharp reb
China’s leader Xi Jinping wants the country to build a stronger energy system fast. The push comes as conflicts in the Middle East shake up global fuel supplies. China isn’t talking much about the war itself but wants to make sure its power stays steady no matter what happens abroad. Xi didn’t ment
Iran faces a growing healthcare emergency as months of conflict strain medical resources. Over 21, 000 people have been injured since late February when airstrikes began, with more than 1, 900 fatalities reported by international aid groups. The International Federation of Red Cross and Red Crescent
Venezuela’s government is making a move to take back control of Citgo, its prized U. S. oil company, but it’s not as simple as just appointing new leaders. The Trump-appointed interim president, Delcy Rodriguez, wants to replace Citgo’s current board—chosen by Venezuela’s opposition back in 2019—but
A ship named Pine Gas, owned by a Mumbai company, was ready to leave the UAE’s Ruwais port in late February. The crew of 27 Indians had watched missiles and drones fly over them every day as tensions rose in the region. The vessel was supposed to reach its home port within a week, but it ended up wa
A new conflict that started three days ago has already pushed up oil and gas prices in the United States and around the world. The fighting began with attacks on Iranian targets, including its leader, and Iran has struck a range of sites in neighboring countries such as Saudi Arabia and Qatar. Tho
Looking ahead to 2026, the world seems to be heading into a period of great uncertainty. The old ways of doing things are fading, and a new, less stable order is taking shape. The United States, Russia, and China are each staking out their own spheres of influence, and even mid-sized powers like Tur
