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Energy Markets

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Riyadh airport hit again as Saudi Arabia vows decisive retaliation against Houthis
middle-east1 day ago

Riyadh airport hit again as Saudi Arabia vows decisive retaliation against Houthis

Saudi Arabia pledged a 'decisive' response after a second Houthi strike hit Riyadh’s King Khalid International Airport on Sunday, causing a fire in a passenger hall. This follows a Saturday attack that killed 12 and injured 309, marking the deadliest assault on Gulf soil since the US-Iran conflict began in February. President Donald Trump is weighing direct US military involvement in Saudi-led strikes against the Iran-backed rebels, while the Houthis warned airlines to avoid Saudi airspace.

Riyadh airport strikes force Trump to weigh direct US role in Houthi conflict
geopolitics2 days ago

Riyadh airport strikes force Trump to weigh direct US role in Houthi conflict

A missile strike on Riyadh’s King Khalid International Airport killed 12 people and injured 309, prompting President Trump to consider joining Saudi Arabia’s military campaign against Iran-backed Houthis. The attack, the third on the airport in a week, has led to the cancellation of major energy conferences and intensified calls for US intervention, despite depleted American interceptor stocks and ongoing diplomatic efforts to avoid a broader war.

Iran’s Endurance Strategy: How Tehran Defies U.S. Economic Asphyxiation
geopolitics4 days ago

Iran’s Endurance Strategy: How Tehran Defies U.S. Economic Asphyxiation

Iran is pursuing a strategy of endurance to force the U.S. to lift sanctions and withdraw from the Persian Gulf. Despite severe economic damage and a naval blockade, Tehran believes its military resilience and proxy networks can inflict enough pain on Washington to compel a diplomatic concession. U.S. officials are preparing for potential escalation, including ground options, as diplomatic talks stall.

Iran’s Post-War Strategy: Escalation, Chokepoints, and the Race to the Midterms
geopolitics12 days ago

Iran’s Post-War Strategy: Escalation, Chokepoints, and the Race to the Midterms

Following the February 2026 US-Israeli strikes, Iran has shifted from defensive retaliation to a strategy of continuous escalation aimed at forcing US withdrawal from the Middle East. Tehran leverages control of the Strait of Hormuz and expanding Houthi influence in the Red Sea to disrupt global energy flows. While Foreign Affairs argues Iran will maintain high-intensity pressure to break US resolve, Citadel Securities suggests Tehran may soon monetize its leverage by reopening the strait before the US midterm elections to secure a durable political settlement.

Iran separates Hormuz reopening from nuclear concessions in stalled UN talks
geopolitics17 days ago

Iran separates Hormuz reopening from nuclear concessions in stalled UN talks

Iran has rejected linking the reopening of the Strait of Hormuz to nuclear concessions, even if Washington accepts Tehran’s seven-day proposal. While President Pezeshkian offered to dilute uranium stockpiles, senior officials insist the strait remains closed until the US lifts its naval blockade and sanctions. This divergence highlights a deadlock over sequencing, with both sides unwilling to move first amid ongoing UN General Assembly diplomacy.

Hormuz Traffic Plummets to 12 Vessels as Saudi Crude Exports Surge
world-news22 days ago

Hormuz Traffic Plummets to 12 Vessels as Saudi Crude Exports Surge

Visible shipping traffic through the Strait of Hormuz has collapsed to a trickle, with only 12 commodity vessels transiting last weekend compared to 35 the previous week. This sharp decline in trackable traffic occurs despite a significant surge in Saudi crude exports, which have recovered to over 4 million barrels per day. The shift is driven by Houthi attacks on Saudi Arabia's East-West pipeline, forcing the state energy firm to reroute shipments through the strait. While visible traffic has dwindled, Middle Eastern producers continue exporting oil via tankers with transponders turned off, suggesting actual flows remain higher than public data indicates.

Iran Links Strait of Hormuz Reopening to Removal of Trump and Netanyahu
geopolitics25 days ago

Iran Links Strait of Hormuz Reopening to Removal of Trump and Netanyahu

Iranian officials have declared that the Strait of Hormuz will remain closed until US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are removed from power. This ultimatum, issued by Supreme Leader adviser Mohammad Bagher Zolghadr, marks a shift from previous demands for sanctions relief to a condition requiring the ouster of current leadership. The statement coincides with reports of heightened Iranian military readiness and significant US war costs, including a Congressional Budget Office estimate of $38 billion spent by August 2026.

Energy markets face prolonged uncertainty as Iran conflict defies economic red lines
economy25 days ago

Energy markets face prolonged uncertainty as Iran conflict defies economic red lines

Six months into the Iran conflict, global energy markets remain volatile with no clear exit strategy. Although crude prices have not spiked as high as initially feared due to lower demand and ample stockpiles, the disruption of the Strait of Hormuz continues to erode supply buffers. This uncertainty is complicating mergers and acquisitions in the exploration sector, while rising energy costs fuel global unrest.

Analysts Warn of Looming Fuel Price Spike as Iran Conflict Disrupts Saudi Infrastructure
economy26 days ago

Analysts Warn of Looming Fuel Price Spike as Iran Conflict Disrupts Saudi Infrastructure

Analysts predict a significant jump in U.S. gasoline and diesel prices due to the ongoing U.S.-led war with Iran, which has damaged critical Saudi oil infrastructure. While the Trump administration maintains optimistic messaging, experts warn that a new, more economically damaging phase of the conflict may begin. Diesel prices have hit record highs for eight consecutive days, and regional prices in the Midwest and West Coast are surging, with some stations exceeding $4.50 per gallon. The damage to the East-West pipeline in Saudi Arabia, attributed to Iranian-backed militias, threatens to exacerbate the crisis, with repairs potentially taking months.

Analysts Reject Trump’s Claim That Ukrainian Strikes Drive Record Diesel Prices
energy-and-geopolitics27 days ago

Analysts Reject Trump’s Claim That Ukrainian Strikes Drive Record Diesel Prices

U.S. President Donald Trump has urged Ukraine to halt drone strikes on Russian refineries, arguing these attacks are the primary cause of record-high diesel prices. However, energy experts and data indicate that the U.S.-Israeli conflict with Iran and the closure of the Strait of Hormuz are the dominant drivers of the price surge. While Ukrainian strikes have reduced Russian exports, the global impact is significantly smaller than the disruption caused by the Gulf conflict.

Iran proxies pull Yemen and Iraq into a widening U.S.-Iran clash
world1 month ago

Iran proxies pull Yemen and Iraq into a widening U.S.-Iran clash

The Washington Post reports that the U.S.-Israeli war against Iran has Iran’s proxies activating in Yemen and Iraq, blocking two major energy corridors and pushing oil prices higher as the global economy reels; Trump expresses optimism about achieving “peace,” while the conflict deepens regional instability and draws in key Middle Eastern players.

Oil Market Heads for a New Rally on Hormuz Risks and Chinese Demand Rebound
energy1 month ago

Oil Market Heads for a New Rally on Hormuz Risks and Chinese Demand Rebound

Oil prices look set to rise as global inventories fall and China ramps up crude purchases, while renewed Hormuz and Red Sea shipping risks threaten Asian supply. Energy Aspects’ Amrita Sen calls this an oil-market inflection point and a potential upward spiral for crude and products, with prices already crossing $100/bbl as about 120 million barrels have been pulled from inventories in the past two weeks and China’s September crude imports are expected to be around 10 million bpd.

Oil climbs as U.S.-Iran clashes flare in the Strait of Hormuz
business1 month ago

Oil climbs as U.S.-Iran clashes flare in the Strait of Hormuz

Oil rose to near six-week highs as renewed U.S.-Iran strikes in the Strait of Hormuz disrupted shipments, lifting Brent to about $97 a barrel and WTI to around $92; refinery damage and reduced traffic through the strait added to supply concerns, while diesel and gasoline prices climbed in the U.S. ahead of Labor Day travel and Beijing tapped stockpiles to cushion imports.