Oil Archives

210618-N-JW440-2053 STRAIT OF MALACCA (June 18, 2021) As seen from the Ticonderoga-class guided-missile cruiser USS Shiloh (CG 67), the Navy’s only forward-deployed aircraft carrier USS Ronald Reagan (CVN 76) transits the Strait of Malacca with the Arleigh Burke-class guided missile destroyer USS Halsey (DDG 97). The ships are part of Task Force 70/Carrier Strike Group 5, conducting underway operations in support of a free and open Indo-Pacific. (U.S. Navy Photo by Mass Communication Specialist 1st Class Rawad Madanat)

Dollars and Sense

Iran Just Hit Three Ships in the Strait of Hormuz and Vowed More Could Be Next — Trump Warns It’s Time to Deal or ‘Finish the Job’

Iran's Revolutionary Guard attacked three commercial ships near the Strait of Hormuz, setting a Qatari LNG tanker's engine room ablaze and drawing a rare...

Brent M. EastwoodJuly 7, 2026

President Donald J. Trump, joined by Secretary of Energy Chris Wright, Secretary of the Interior Doug Burgum, EPA Administrator Lee Zeldin and others, makes an announcement on coal, Thursday, June 4, 2026, in the Oval Office. (Official White House Photo by Molly Riley)

The Treaty

‘Mayday Mayday Mayday’: An LNG Tanker Captain’s Frantic Call as Iran’s Guard Corps Just Fired on Two Ships in the Strait of Hormuz

Iran's Revolutionary Guard fired on two commercial tankers in the Strait of Hormuz, setting a Qatari LNG carrier's engine room ablaze after the vessels...

Steve BalestrieriJuly 7, 2026

Putin in June 2016 Image Credit Russian Federation Photo

Ukraine War

Putin’s War Just Became Deadlier Than Stalingrad: Russian Casualties Hit Two Million — Roughly One Percent of the Entire Population

Ukrainian drones struck port oil infrastructure near St. Petersburg and the Kronstadt naval base, more than 850 kilometers from the border, evading defenses around...

Caleb LarsonJuly 7, 2026

Dollars and Sense

A Leaked Intelligence Report Just Warned Russia’s Banks Face an ‘Explosive’ Crisis — and One More Sanctions Shock Could Trigger It

A classified European intelligence report seen by Reuters warns Russia risks an "explosive" banking crisis, with subsidized war loans and state support concealing deep...

Reuben JohnsonJuly 7, 2026

U.S. Navy Arleigh Burke-class guided-missile destroyer USS Mustin (DDG 89) steams in the Indian Ocean, July 2, 2026. Mustin is forward-deployed and assigned to Destroyer Squadron (DESRON) 15, the Navy’s largest DESRON and U.S. 7th Fleet’s principal surface force. U.S. 7th Fleet, the Navy’s largest forward-deployed numbered fleet, routinely interacts and operates with allies and partners in preserving a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Timothy Dimal)

Dollars and Sense

Iran Is Making Putin’s Mistake: Tehran’s Bid to Blackmail the World Over Hormuz Could Leave It Controlling Nothing at All

Iran is banking on a $40 billion payday from new tolls in the Strait of Hormuz — but Gulf states, Washington, and Asian buyers...

Steve BalestrieriJuly 6, 2026

Putin Back in Late 2025 Creative Commons Photo

Ukraine War

Putin Just Lost the Oil Windfall That Should Have Saved His War: Russia’s Crude Crashed to Half Its Peak as Ukraine Guts Refineries

Russia's flagship Urals crude averaged just $41.66 a barrel in early July — less than half its April peak and well below the level...

Steve BalestrieriJuly 6, 2026

President Donald J. Trump visits with President Lee Jae-myung of the Republic of Korea, Monday, August 25, 2025, in the Oval Office. (Official White House Photo by Daniel Torok)

Dollars and Sense

The Iran War Just Triggered the ‘Greatest Threat to Global Energy Security in History’ — and the World’s Oil Safety Net Is Now Gone

The Iran conflict triggered what the IEA calls the greatest threat to global energy security in history, halting roughly a fifth of global oil...

Steve BalestrieriJuly 6, 2026

Putin Mach 2020 Russian Federation Photo Handout

Ukraine War

‘Much Closer Than People Realize’: Trump Just Claimed Putin Wants to End the War — and Said the Russian Leader ‘Does Feel Pressure’

President Trump said July 6 that Vladimir Putin "does feel pressure" and an end to the war may be closer than people realize. The...

Jack BuckbyJuly 6, 2026

Putin On June 1 2026 Creative Commons Image

Ukraine War

Russia Was Called ‘a Gas Station’ — Now Putin Is Importing Gasoline From India and Banning Fuel Exports as Ukraine Guts His Refineries

Fuel shortages have spread across nearly all of Russia's regions, with rationing reaching Moscow and elites waiting up to 18 hours in gas lines....

Steve BalestrieriJuly 6, 2026

National Security Journal

All posts tagged "Oil"

Dollars and Sense

Iran Just Hit Three Ships in the Strait of Hormuz and Vowed More Could Be Next — Trump Warns It’s Time to Deal or ‘Finish the Job’

The Treaty

‘Mayday Mayday Mayday’: An LNG Tanker Captain’s Frantic Call as Iran’s Guard Corps Just Fired on Two Ships in the Strait of Hormuz

Ukraine War

Putin’s War Just Became Deadlier Than Stalingrad: Russian Casualties Hit Two Million — Roughly One Percent of the Entire Population

Dollars and Sense

A Leaked Intelligence Report Just Warned Russia’s Banks Face an ‘Explosive’ Crisis — and One More Sanctions Shock Could Trigger It

Dollars and Sense

Iran Is Making Putin’s Mistake: Tehran’s Bid to Blackmail the World Over Hormuz Could Leave It Controlling Nothing at All

Ukraine War

Putin Just Lost the Oil Windfall That Should Have Saved His War: Russia’s Crude Crashed to Half Its Peak as Ukraine Guts Refineries

Dollars and Sense

The Iran War Just Triggered the ‘Greatest Threat to Global Energy Security in History’ — and the World’s Oil Safety Net Is Now Gone

Ukraine War

‘Much Closer Than People Realize’: Trump Just Claimed Putin Wants to End the War — and Said the Russian Leader ‘Does Feel Pressure’

Ukraine War

Russia Was Called ‘a Gas Station’ — Now Putin Is Importing Gasoline From India and Banning Fuel Exports as Ukraine Guts His Refineries

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