The Strait of Hormuz is a narrow waterway that lets about 20 % of the world’s oil pass through. When Iran shut it down after a U. S. and Israeli attack in February, the move shocked markets worldwide. Oil prices jumped to levels not seen in years and inflation rose everywhere. Rosneft’s boss, Igor
The oil storage tanks in Cushing, Oklahoma – once packed with nearly 400 million barrels – now sit nearly empty. This quiet prairie town, called the pipeline crossroads of the world, has become a symbol of how global conflicts can drain even the largest reserves. When war broke out between the U. S.
Russia’s government earned a record 9. 3 billion dollars from oil and gas taxes in May, up more than a third compared with last year. The rise comes as global oil prices climb after tensions in the Middle East, giving the country a much-needed boost. The tax haul now makes up about 20 percent of
The Gulf region saw a fresh burst of conflict on Wednesday, as an Iranian missile struck Kuwait’s airport and the U. S. military launched retaliatory attacks near the Strait of Hormuz, even though talks between Washington and Tehran remain stalled. The incident pushed oil prices higher by more th
Alaska’s money troubles didn’t appear overnight. Back in 2013, the state started spending more than it earned—using savings to cover the gap. That’s like a family dipping into their emergency fund every month just to pay bills. Oil prices then plummeted, dropping to $26 a barrel in 2014, making the
In a Tuesday primary, voters in New Mexico chose the Democratic and Republican candidates for governor while the state’s economy felt a fresh boost from higher oil prices. The surge in global oil costs, linked to the conflict in Iran, has increased state revenue and enabled programs such as universa
A recent poultry experiment found that what goes into chicken feed can dramatically change how well birds grow and stay healthy. Researchers tested different mixes of calcium, phosphorus, and electrolyte levels in broilers—chickens raised for meat—to see which combinations worked best. They raised 3
Farmers growing rice in contaminated soil face a hidden dilemma. Tiny soil microbes control how mercury turns into a more dangerous form called methylmercury—a toxin that can build up in rice grains. Scientists wanted to see what happens when these microbes start disappearing, which climate change m
A recent crash on a road outside Yancheng City turned into a courtroom mystery when an electric tricycle tipped over, killing its driver. No cameras watched the incident, and nobody saw it happen. Investigators turned to the dirt that had caused the fall: big, dry clods of soil scattered acros
Tensions between the U. S. and Iran took a new turn this past week when Tehran said it wanted to see concrete steps, not just promises, before agreeing to any deal to ease restrictions on a key oil shipping route. Top Iranian negotiator Mohammad Baqer Qalibaf made this clear in a post online, repeat
