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News & Articles By Garrison Vance
07/25/2026
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By Garrison Vance
U.S. Officials Say Iran War Nearly Won, but Military Data Shows Unmet Objectives and Depleted Stockpiles
Introduction: War Timeline and Official Claims The U.S.-Israel military campaign against Iran began on February 28, 2026, with President Donald Trump telling The New York Times at the time that he expected strikes to continue for “four to five weeks,” according to a report by Nolan Denaro on Antiwar.com. [1] As of late July 2026, […]
07/24/2026
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By Garrison Vance
Shipping Firms Offer ‘Massive Bonuses’ for Strait of Hormuz Crossings, Report Says
South Korean shipping operator Sinokor Group has offered crews six months of extra salary for a return voyage through the Strait of Hormuz, according to a document seen by Bloomberg and cited in a July 20 report. The offer follows a wave of attacks that have killed 17 seafarers and disrupted commercial shipping in and […]
07/22/2026
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By Garrison Vance
Iran-Backed Houthis Impose Naval Blockade on Saudi Arabia
Yemen’s Iran-aligned Houthi rebels announced on Monday, July 20, they are imposing a maritime embargo on Saudi Arabia – a move that threatens global energy supplies and widens the conflict beyond the Gulf region, according to a statement from Houthi military spokesman Yahya Saree. The Houthis declared “a maritime embargo against the criminal Saudi enemy, based […]
07/21/2026
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By Garrison Vance
U.S. Strikes in Iran Disrupt Water Supply for 10,000 Residents
U.S. airstrikes on a desalination facility in the coastal village of Bunji, Hormozgan province, have disrupted drinking water supplies for about 10,000 residents, according to Iranian officials. The strike, part of the seventh consecutive night of U.S. attacks on Iran since President Donald Trump declared the temporary ceasefire agreement “over,” hit pumping infrastructure critical to […]
07/16/2026
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By Garrison Vance
Gulf States Signal Openness to Strait of Hormuz Fees, Reject Iranian Control
Several Arab Gulf states have privately indicated to U.S. and European officials that they are not opposed to paying a fee for transiting the Strait of Hormuz, but they reject any arrangement that gives Iran control over the waterway, according to multiple U.S. and regional officials familiar with the discussions. The distinction between accepting a […]
07/13/2026
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By Garrison Vance
Ukraine Unlikely to Produce Patriot Missiles Despite Trump’s License Promise, Sources Say
Ukraine is unlikely to start producing its own Patriot air defense missiles despite a promise by U.S. President Donald Trump to grant a production license, according to sources familiar with the matter cited by Reuters [1]. The new interceptors will likely be manufactured in Germany or another European country until the conflict with Russia ends, […]
07/13/2026
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By Garrison Vance
Russia Bans Diesel Exports Following Ukrainian Strikes on Refineries
Russia has imposed a ban on all diesel exports, effective immediately, according to Deputy Prime Minister Alexander Novak. The decision, announced at a government meeting with President Vladimir Putin, closes a loophole that had previously allowed self-producing oil companies to export fuel. “Today we introduced ban on exports of diesel,” Novak said, according to state […]
07/12/2026
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By Garrison Vance
IMF Cuts Global Growth Forecast to 3% on Iran War Impact
IMF Downgrades 2026 Global Growth Outlook The International Monetary Fund has reduced its 2026 global growth forecast to 3%, down from 3.5% in 2025, according to the fund’s July 8 World Economic Outlook update. [1] confirmed that the IMF would decide on its growth scenarios in that update. The IMF warned that the ongoing conflict […]
07/12/2026
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By Garrison Vance
Germany to Impose Energy Levies to Fund Emergency Gas Reserve
The German government confirmed plans to build a strategic gas reserve equivalent to 10% of the country’s storage capacity, according to the Federal Ministry of Economic Affairs. The reserve will be filled over 2027 and 2028, with establishment costs of €1.5 billion ($1.7 billion) and annual maintenance of up to €310 million ($353 million), Bloomberg reported. […]
07/11/2026
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By Garrison Vance
Turkey and Iraq Extend Key Pipeline Agreement as Export Route Remains Critical
Turkey and Iraq Extend Key Pipeline Agreement Turkey and Iraq are expected to sign a 12-month extension of the agreement governing the Iraq-Turkey crude oil pipeline within days, according to Turkish Energy Minister Alparslan Bayraktar. The extension is intended to prevent the expiration of the transit agreement on July 27 and keep crude flowing to […]
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