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News & Articles By Garrison Vance
05/20/2026
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By Garrison Vance
Iran Presents Peace Proposal to Washington with Three Key Demands
Iran has submitted a formal proposal to the Trump administration that demands reparations for past U.S. military actions, a full withdrawal of American forces from key regional positions and the lifting of all economic sanctions imposed since 2018, according to officials familiar with the matter. The proposal was delivered through Pakistani intermediaries in recent weeks, […]
05/16/2026
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By Garrison Vance
Ethiopian Air Force Chief Calls Russia a Long-Term Strategic Partner
Ethiopian Air Force chief Lt. Gen. Yilma Merdassa described Russia as a long-term strategic partner, according to an interview with RT. Merdassa said that Russian and Soviet cooperation has significantly shaped the Ethiopian Air Force through pilot training, maintenance systems, and combat tactics, as reported by the outlet. [1] The remarks come at a time […]
05/15/2026
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By Garrison Vance
Saudi Arabia Proposes Non-Aggression Pact With Iran, Regional States Based on Cold War Model
Saudi Arabia has floated the idea of a non-aggression pact between Iran and Middle Eastern states, according to a report from the Financial TimesĀ (FT) published on Thursday, May 14. The proposed framework is modeled on the 1975 Helsinki Accords, which eased tensions between the Soviet Union, the United States and European nations during the Cold […]
05/14/2026
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By Garrison Vance
Russia’s Oil Revenues Rise $6.3 Billion as High Prices Offset Production Declines
Russia’s oil export revenues reached $19.18 billion in April, a $6.28 billion increase from the same month a year earlier, according to the International Energy Agency’s monthly market report for May. The rise occurred despite a decline in total output of 460,000 barrels per day (bpd) to 8.8 million bpd, and a 90,000 bpd drop […]
05/13/2026
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By Garrison Vance
Worldwide Demand for Coal Spikes Amid Worsening Middle East Energy Crisis
Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East, according to estimates by analytics platform Kpler cited by the Financial Times and reported by Oilprice.com. The trend has accelerated in recent weeks, analysts said, with global coal imports […]
05/12/2026
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By Garrison Vance
Russian Defense Ministry Reports Nearly 9,000 Ceasefire Violations by Ukraine During Truce
Nearly 9,000 ceasefire violations by Ukrainian forces have been recorded during a declared truce in the special military operation zone, the Russian Defense Ministry said on Saturday. The ministry reported that Ukrainian forces carried out 1,173 attacks using artillery, rocket launch systems, mortars and tanks, as well as 7,151 strikes by unmanned aerial vehicles, according […]
05/10/2026
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By Garrison Vance
Oil Falls Below $100 a Barrel on Renewed Hopes of U.S.-Iran Peace Deal
Brent crude oil fell 4.3% to $96.96 per barrel on May 7, 2026, during volatile trading, as renewed hopes of a U.S.-Iran peace deal emerged, according to market analysts. The benchmark slipped $4.31 from its May 6 close, with intraday fluctuations of up to 4.6%, exchange data showed. Shipping giant Maersk warned that even if […]
05/10/2026
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By Garrison Vance
Oil Trader Nets Estimated $125 Million on Suspiciously Timed Bet Ahead of U.S.-Iran Deal Report
Nearly 10,000 crude oil short contracts, valued at approximately $920 million, were placed at 3:40 a.m. on Wednesday, May 6, without any major news event, according to market commentary platform the Kobeissi Letter. At 4:50 a.m., Axios reported that Washington and Tehran were nearing an agreement to end the conflict and resume negotiations. Oil prices […]
05/09/2026
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By Garrison Vance
U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows
U.S. oil product exports surged to a record 8.2 million barrels per day last week, according to Bloomberg reporting. Diesel exports led the increase and reached an all-time high, the report stated. The surge comes as countries seek to replace fuel supplies disrupted by the Strait of Hormuz crisis. [1] [2] The record export volumes […]
05/08/2026
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By Garrison Vance
Chinese Fuel Trader Sues Two U.S. Banks Over Blocked Payments Ahead of Sanctions
HY Energy, a Chinese fuel trading company, has filed two separate lawsuits in Shanghai and Beijing against JPMorgan and Citigroup, alleging the banks improperly blocked $40 million in payments intended for China Oil and Petroleum Company (COPC) in 2023. According to court documents, the transfers were initiated months before the U.S. Department of the Treasury […]
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