Tag

Oil Crisis

All articles tagged with #oil crisis

geopolitics12 days ago•3 min saved

Houthis seize Bab al-Mandeb as Saudi oil exports plummet and Iran threatens Indian Ocean expansion

The Houthi-Saudi conflict has escalated sharply, with Houthis capturing the Bab al-Mandeb Strait and launching sustained drone and missile attacks on Saudi oil infrastructure. Saudi Arabia’s oil production has dropped to a 36-year low, and international partners, including France and the UK, are deploying air defense assets to protect Saudi energy hubs. Meanwhile, Iran has rejected a US proposal to reopen the Strait of Hormuz, with Tehran’s leadership warning that the conflict could expand to the Indian Ocean if US strikes resume.

via Institute for the Study of War|

#geopolitics #houthis #iran

automotive3 months ago•4 min saved

When the Corvette Skipped the Convertible: The Gap Years

The article traces why certain Corvette years never offered convertibles: the 1975 model year went coupe-only amid the oil crisis, horsepower cuts, and rollover-safety concerns; the convertible finally returned in 1986 with the C4, but in far lower numbers than the coupe, and Chevrolet kept a coupe-only stance again for 1997 before reintroducing the convertible with the C5 in 1998. Today, open-top ambitions have waned as buyers shift toward other open-air options, like the Jeep Wrangler, leaving some Corvette years without a drop-top.

via Jalopnik|

#auto-history #automotive #c4-c5

world6 months ago•7 min saved

Cuba negotiates with Washington as oil shortage tests revolutionary resolve

Driven by a severe oil shortage, Cuba has begun secret talks with Washington led by Díaz-Canel and Raúl Castro, seeking economic reforms and greater private-sector space while trying to preserve the revolution; experts caution that Havana is weak and concessions are likely, with Florida’s Cuban-American community and sovereignty concerns shaping any deal.

via Los Angeles Times|

#cuba #diaz-canel #oil-crisis

world1 year ago•2 min saved

Ukraine's Drone Attacks Exacerbate Russia's Oil Crisis

Ukrainian missile strikes on Russian oil infrastructure have severely disrupted Russia's oil supply, causing fuel shortages and impacting the economy, as Ukraine targets key sites to weaken Russia's war effort.

via Daily Express US|

#fuel-shortages #military-conflict #oil-crisis

energy3 years ago•3 min saved

Oil Market Analysis: Potential for Ugly Turn, but Not a Repeat of 1973

While the current situation in the Middle East does not mirror the 1973 oil crisis, there are concerns about the potential for higher oil prices. Unlike in 1973, Arab countries are not attacking Israel together, and the oil market has spare production capacity. However, if Israel concludes that Hamas acted on Iran's instructions, oil prices could rise significantly. Additionally, if the US enforces sanctions against Iran, it could push oil prices to $100 a barrel or higher. Russia and Venezuela could benefit from any Middle East oil crisis, and the Saudi-Israeli diplomatic deal and Saudi-Iranian rapprochement are casualties of the conflict. The US can tap its Strategic Petroleum Reserve to limit the impact on gasoline prices.

via The Washington Post|

#energy #iran #israel