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Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough
Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough
Day 72 of the U.S.-Iran conflict opened with yet another failed diplomatic off-ramp.
Tehran on Sunday submitted a counterproposal to the Trump administration's plan to end the war, but President Trump swiftly rejected it as "totally unacceptable," pushing WTI crude futures roughly 3% higher to $98 a barrel as traders slightly repriced the war-risk premium higher for a prolonged Strait of Hormuz disruption.
Tehran's counterproposal was a major focus over the weekend, but what caught our attention Saturday morning was...
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Apr 20, 2026 / Tyler Durden
Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply
Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply
Authored by Tsvetana Paraskova via OilPrice.com,
Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies.
Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia.
Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify.
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed...
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Mar 29, 2026 / Kyle Anzalone
Report: US Preparing for Weeks-Long Ground Invasion of Iran
The Washington Post spoke with US officials who said the Department of War is preparing for an invasion of Iran with American troops remaining on the ground for weeks. US officials told the outlet that the thousands of soldiers and Marines arriving in the Middle East could be used in a ground invasion of Iran, […]
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Mar 2, 2026 / Tyler Durden
Hegseth Pledges Iran Will Not Be "Endless War" As Trump Vows "Big Wave" Of Attacks Ahead
Hegseth Pledges Iran Will Not Be "Endless War" As Trump Vows "Big Wave" Of Attacks Ahead
Update(1015ET): The Pentagon has announced it has gained complete 'local air superiority' over Iran, and also that Israel continues working with the US to eliminate 'common threats'. This came soon on the heels of the shocking news of three US F-15s downed over Kuwait. Iran is claiming to have shot down at least one US jet, while the US and Kuwait counter-claim that it was actually Kuwaiti 'friendly fire'. Some six total US airmen parachuted down...
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