China's Teapot Refiners Slash Output As Hormuz Crisis Crushes Margins

Sen. Lindsey Graham (R-SC) on Sunday called for the US to capture Iran’s Kharg Island, where most of the country’s oil exports pass, comparing the potential operation to the Battle of Iwo Jima in World War II. “Here’s what I’d tell President Trump: Keep it up for a few more weeks, take Kharg Island … […]

Iran says the Strait of Hormuz is closed to all traffic due to US violations of the Memorandum of Understanding (MOU). President Donald Trump asserted that the waterway was open to commercial shipping.  “Due to recent unlawful movements by United States military forces in the region, transit through the Strait of Hormuz is currently not […]

President Trump on Thursday threatened Iran with a third straight night of bombing and said that the US would eventually be “taking” Iran’s Kharg Island, an island deep in the Persian Gulf that serves as a major oil export hub. “The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and […]