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US Unleashes Another Wave Of Crude From Strategic Reserve As Gas Prices Soar

US Unleashes Another Wave Of Crude From Strategic Reserve As Gas Prices Soar The U.S. government will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in a bid to relieve elevated gas and oil prices amid the conflict with Iran. In a news release on Monday, the Department of Energy (DOE) announced it would release the crude oil from its sites in Louisiana and Texas to contribute to the International Energy Agency’s (IEA’s) move to stabilize the price of oil, which has often risen...
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Aug 22, 2026 / Tyler Durden
Turkey Issues Arrest Warrant For Netanyahu, Seeks Interpol Red Notice
Turkey Issues Arrest Warrant For Netanyahu, Seeks Interpol Red Notice Turkey has escalated its anti-Israel actions, after months of denunciations connected to its Gaza, Syria, and Iran policies - and is once again taking things to new levels. The Erdogan government has just issued an international arrest warrant for Israel's Prime Minister Benjamin Netanyahu as part of an investigation into Israel's interception of an aid flotilla for Gaza, which happened in mid-May and involved over 50 vessels and nearly 500 international activists. AFP/Getty Images Justice Minister Akin Gurlek announced Friday on X that Netanyahu...
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Apr 20, 2026 / Tyler Durden
Kuwait Declares Force Majeure As US Seizure Of Iranian Ship Escalates Tensions
Kuwait Declares Force Majeure As US Seizure Of Iranian Ship Escalates Tensions By Charles Kennedy of OilPrice.com Kuwait has declared force majeure on shipments of crude oil and refined products after disruptions at the Strait of Hormuz prevented some vessels from entering the Persian Gulf. The move comes as tensions in the Strait escalated again following the U.S. seizure of an Iranian-flagged cargo vessel in the waterway. According to Reuters, Kuwait Petroleum Corporation has notified customers that it is invoking contractual clauses allowing it to withhold certain scheduled deliveries after the blockade hindered...
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Jun 12, 2026 / Tyler Durden
France Is Latest EU Country To Ban & Sanction Israel's Finance Minister
France Is Latest EU Country To Ban & Sanction Israel's Finance Minister A growing list of Western countries have imposed individual sanctions and travel bans on two Israeli hardline ministers who advocate for Jewish supremacy over the Middle East, evidenced in their expansionist policies from the West Bank to Gaza to Syria. The two in question are Minister of National Security Itamar Ben Gvir and Israeli Finance Minister Bezalel Smotrich. France is the latest country to ban Smotrich, after the United Kingdom, Australia, Canada, New Zealand and Norway already did the same. via...
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