Tanker Data Casts Doubt on U.S. Claim of 15 Million Bpd Middle East Oil Flows
U.S. Energy Secretary Chris Wright says Middle East oil exports have rebounded to 15 million barrels per day, even topping…
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Iran keeps Hormuz shut as Trump tells Americans to accept higher gas prices
Iran says the Strait of Hormuz stays closed until Washington accepts defeat, and President Trump is telling Americans to brace…
Erdogan calls for reopening of the Strait of Hormuz as Turkey builds pipeline backup
Turkish President Recep Tayyip Erdogan urged the reopening of the Strait of Hormuz, closed to shipping since late February 2026,…
Oil majors post $93 billion combined profit as Hormuz closure disrupts supply
Eight major oil companies posted almost $93 billion in combined profit between April and June 2026, nearly double the same…
US sanctions Chinese refinery for buying Iranian crude as blockade and stalled nuclear talks keep oil supply risk high
The US Treasury has sanctioned a major Chinese refinery for buying Iranian crude, an ongoing naval blockade is pushing Iran's…
