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"This Will Bring Down Global Economy": Qatar's Energy Minister Offers Dire Warning About Hormuz Chokepoint Chaos
"This Will Bring Down Global Economy": Qatar's Energy Minister Offers Dire Warning About Hormuz Chokepoint Chaos
Brent crude futures are on track for their biggest weekly gain since the early days of Covid, with the move now exceeding the 20% weekly spike at the start of the Russia-Ukraine war, as the U.S.-Israeli air campaign against Iran, Operation Epic Fury, has tipped the Gulf into an energy crisis, freezing commercial traffic through the Strait of Hormuz and pushing some regional oil and gas production offline.
On Friday, Qatar's energy minister, Saad al-Kaabi,...
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Apr 20, 2026 / Tyler Durden
World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
By Michael Kern of OilPrice.com
Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times.
“It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, told FT in an interview published on Monday.
“Frankly, it could...
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Mar 2, 2026 / Murray N. Rothbard
War Guilt in the Middle East
Into the heart of the peasant and nomadic Arab world of the Middle East there came, on the backs and on the bayonets of British imperialism, a largely European colonizing people.
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Apr 2, 2026 / Tyler Durden
DOJ Sues New Jersey Town Over Natural Gas Ban
DOJ Sues New Jersey Town Over Natural Gas Ban
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The Department of Justice (DOJ) filed a lawsuit against Morris Township in New Jersey over its ban on natural gas and other fossil fuels in newly constructed buildings, the department said in an April 1 statement.
Blue flames from a gas stove at a home in Arlington, Va., on May 3, 2023. Olivier Douliery/AFP via Getty Images
The ban “drives up energy costs for everyday American consumers and weakens our Nation’s energy dominance,” the...
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