The escalating conflict between the United States, Israel, and Iran, which erupted in late February 2026, has thrust global energy markets into turmoil. Iranian retaliatory strikes, including drone attacks on key energy infrastructure in the Gulf, have effectively shuttered the Strait of Hormuz—a vital chokepoint for approximately 20% of the world’s oil and liquefied […]
By Stuart Turley, Energy News Beat ChannelMarch 7, 2026 – In a dramatic escalation of the ongoing conflict in the Middle East, a massive fire has broken out at the Shahr-e Rey oil refinery, also known as the Tehran Oil Refinery, located approximately 15 kilometers south of central Tehran. Eyewitness videos and satellite imagery show […]
In an era where energy security underpins national strength, the U.S. Merchant Marine Fleet stands as a critical yet underappreciated asset. Once a powerhouse of global trade, the fleet has dwindled, leaving America vulnerable in an increasingly contested maritime landscape. With only around 80 to 90 U.S.-flagged vessels engaged in international commerce, the fleet represents […]
In the wake of escalating geopolitical tensions and a rapidly evolving global energy landscape, Russia is decisively pivoting its gas and oil exports eastward. This strategic shift, driven by lucrative opportunities in Asia amid disruptions from the ongoing Iran conflict, is reshaping international energy dynamics. As Deputy Prime Minister Alexander Novak recently confirmed, negotiations are […]
In the midst of escalating tensions in the Middle East, the Strait of Hormuz— a critical chokepoint for global energy supplies— remains largely impassable for most commercial vessels. As of March 7, 2026, only Iran-linked ships are braving the waters, while hundreds of others linger in limbo, awaiting resolution to a burgeoning insurance crisis. This […]
In the latest weekly update from Baker Hughes, the US rig count has ticked higher, reaching 551 active rigs as of March 6, 2026. This marks a modest increase of 1 rig from the previous week’s count of 550, signaling a potential rebound amid surging West Texas Intermediate (WTI) crude prices. The rise comes against […]
In the volatile landscape of global energy markets, oil prices are poised for a significant upward trajectory amid escalating geopolitical tensions in the Middle East. As of March 6, 2026, Brent crude has already surged above $89 per barrel, driven by a confluence of factors including disrupted shipping routes, production halts, and a burgeoning crisis […]
In an era of escalating geopolitical tensions and accelerating climate goals, the global energy landscape is a powder keg of vulnerabilities and opportunities. As of March 2026, the world grapples with surging energy demands from AI data centers, volatile oil prices amid Middle East conflicts, and the uneven push toward net-zero emissions. This article examines […]
ENB Pub Note: This is an outstanding article from Giacomo Prandelli’s Substack “The Merchants News”. He has been on the Energy News Beat Podcast, and we are looking to have him on again. He is a great author, and we recommend subscribing to his Substack. Lloyds of London appears to be the holdup now, and […]
ENB Pub Note: This is an outstanding article from Andrew Korybko’s Newsletter on Substack. What he does not mention in the article is that if you tie the Venezuelan pricing controls that Stu Turley expects to be dropped onto Iran, and possibly Iraq, it really starts to show the refining of the global oil markets. […]
