Headlines

Will oil prices ever truly return to ‘normal’?

The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic. Deep uncertainty about how long

China carefully navigating Iran’s tighter Hormuz grip

The Trump administration claims its blockade of the Strait of Hormuz is working, with nine ships complying with orders to turn around. One of those was a Chinese-owned tanker called the Rich Starry that turned around in the Gulf of Oman on Wednesday to head back through the

US Big Oil earning $30 million per hour from Iran war

US President Donald Trump’s unprovoked war of choice in Iran has been a goldmine for America’s fossil fuels industry, which is earning massive windfall profits thanks to the rise in the price of petroleum. An analysis published by The Guardian on Wednesday estimated that the