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News & Articles By Garrison Vance
03/21/2026
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By Garrison Vance
U.S. Treasury Secretary Suggests Potential Easing of Sanctions on ‘Stranded’ Iranian Oil
U.S. Official Signals Possible Policy Shift on Sanctioned Iranian Crude U.S. Treasury Secretary Scott Bessent indicated on Thursday, March 19, that the Trump administration is considering lifting sanctions on Iranian crude oil currently held on tankers at sea, according to a report by Reuters. [1] The remarks, made during a financial conference and later in […]
03/20/2026
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By Garrison Vance
Trump Administration Issues 60-Day Jones Act Waiver Following Oil Price Spike
Administration Waives Cabotage Law for Oil Shipments President Donald Trump issued a 60-day waiver suspending enforcement of the Jones Act on March 18, 2026, according to a White House announcement. The move temporarily lifts a century-old maritime law that requires goods shipped between United States ports to be carried on vessels that are U.S.-built, U.S.-flagged, […]
03/19/2026
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By Garrison Vance
Gulf Energy Revenues Drop by Billions Following U.S.-Israeli Strikes on Iran, Report States
Introduction Oil producers in the Gulf region have lost an estimated $15.1 billion in energy revenues since the launch of coordinated US-Israeli strikes on Iran in late February, according to a report from the Financial Times. The report, citing analysis from the energy analytics firm Kpler, states that the conflict and subsequent Iranian retaliatory measures […]
03/17/2026
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By Garrison Vance
Commercial Shipping Persists in Critical Waterway as Conflict Escalates
At least a dozen commercial vessels have transited the contested Strait of Hormuz since late February 2026, navigating a live war zone to deliver crude oil and liquefied natural gas to global markets, according to data from maritime specialists. The voyages by Greek and Chinese-operated tankers occur amid a joint U.S.-Israeli military campaign against Iran, […]
03/17/2026
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By Garrison Vance
Jet Fuel Prices Climb Sharply Following Strait of Hormuz Closure, Airfares Increase
Global jet fuel prices have risen sharply following the effective closure of the Strait of Hormuz amid the ongoing U.S.-Israel conflict with Iran, prompting multiple airlines to announce immediate airfare increases. The International Energy Agency has characterized the resulting supply disruption as the largest in global oil market history [1]. Jet fuel prices, which were […]
03/17/2026
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By Garrison Vance
Iranian Official Warns of $200 Oil Prices Amid Escalating Strait of Hormuz Tensions
Iran Warns of $200 Oil as Hormuz Blockade Threat Intensifies A senior Iranian military spokesperson warned on March 11, that global crude oil prices could surge to $200 per barrel if ongoing U.S. and Israeli military operations in the region continue. The statement from Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command, followed a […]
03/16/2026
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By Garrison Vance
US Military Stockpiles Dwindling Amid Prolonged Iran War, Report States
Introduction The United States has consumed multiple years’ worth of critical munitions in the initial weeks of its military campaign against Iran, according to a report by the Financial Times. [1] Three people familiar with a closed-door Pentagon briefing stated the U.S. has ‘burned through years’ of key weapons, including expensive air-defense interceptors and long-range […]
03/16/2026
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By Garrison Vance
U.S. Deploys 5,000 Marines as Trump Vows to End Conflict on His Timeline
Introduction The United States is deploying up to 5,000 Marines to the Middle East as the conflict with Iran enters a critical phase, according to multiple U.S. officials and defense reports. The deployment, confirmed on March 13, 2026, marks the first commitment of U.S. ground troops to the region since the war began on Feb. […]
03/16/2026
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By Garrison Vance
Oil Prices Hold Above $100 Despite Eased Sanctions, Markets Decline on Middle East Tensions
Introduction Global oil prices remained above $100 per barrel on Friday, March 13, 2026, despite a U.S. decision to temporarily ease sanctions on Russian oil shipments, as ongoing military conflict in the Middle East continued to threaten energy supplies and roil financial markets. Brent crude, the international benchmark, settled at approximately $102 per barrel, according […]
03/16/2026
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By Garrison Vance
U.S. Deploys Marine Expeditionary Unit to Middle East, Offers Reward for Information on Iranian Officials
Introduction The United States is deploying a Marine Expeditionary Unit to the Middle East and offering a multi-million dollar reward for information on senior Iranian officials, according to U.S. officials [1]. Approximately 2,500 Marines from the 31st Marine Expeditionary Unit are en route to the region aboard three Navy amphibious ships [2]. Concurrently, the U.S. State Department […]
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