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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 […]
04/14/2026
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By Garrison Vance
Iranian Officials Warn of Response to U.S. Threat to Blockade the Strait of Hormuz
Introduction Iranian military officials have issued warnings to the United States following statements about the intent to blockade the Strait of Hormuz. The warnings, reported by state media, threaten a forceful response targeting Gulf ports and other maritime infrastructure. According to sources, the U.S. military confirmed it would begin a blockade of all Iranian ports […]
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 […]
04/12/2026
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By Garrison Vance
Strait of Hormuz Transit Remains Limited to Iran-Aligned Vessels; Tankers Gather Near Entrance
Transit through the critical Strait of Hormuz remains heavily restricted as of April 2026, with passage primarily limited to vessels flagged to or linked with nations Iran considers ‘friendly,’ including China and Russia. Despite a two-week ceasefire announced between the United States and Iran, only a handful of ships have transited the waterway since the […]
04/11/2026
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By Garrison Vance
Global Energy Shortages and Rationing Likely to Continue Beyond Current Conflict, Analysts Warn
Introduction Independent analysts and international agencies are warning that widespread energy shortages and rationing measures are now structurally embedded in global markets, irrespective of any near-term resolution to the ongoing U.S.-Israel conflict with Iran. Reports from institutions, including the International Energy Agency (IEA) and multiple financial analysts, indicate that disruptions to critical supply routes, infrastructure […]
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
IEA Chief Warns Energy Crisis Exceeds Historical Precedents
The head of the International Energy Agency (IEA) issued a stark warning this week that the ongoing global energy crisis, driven by the near-total closure of the Strait of Hormuz, exceeds the severity of all major historical supply shocks combined. Fatih Birol, the IEA’s executive director, stated that the current disruption is more serious than […]
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 […]
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