While the World Scrambles for Oil, China Sits on Full Tanks
While the United States and Iran haggle over reopening the Strait of Hormuz and restoring oil exports from…
The Iran War is Forcing Energy-Importing Countries to Turn Inward
The monthslong closure of the Strait of Hormuz is reinforcing an expensive geopolitical lesson about how risky it…
Oil Prices Jump as Middle East Tensions Build
Oil prices surged on Monday after more signs showed that peace talks between Iran and the United States…
Iran War Has Drained U.S. Supplies of Critical, Costly Weapons
Since the Iran war began in late February, the United States has burned through around 1,100 of its…
Hoarding Is Driving Energy Prices Higher Everywhere
In economics textbooks, higher energy prices from the war in the Middle East display the power of the…