Oil Archives

President Donald Trump participates in a Kennedy Center Board Meeting, Monday, March 17, 2025, at the John F. Kennedy Center Performing Arts Center in Washington, D.C. (Official White House Photo by Daniel Torok)

Dollars and Sense

America Has a Problem at the Pump: It Pumps More Oil Than Any Nation on Earth but Still Pays a Price Set by the War With Iran

Gas prices are climbing again as renewed US-Iran strikes slow Strait of Hormuz traffic to a near stop. America produces more crude than any...

Steve BalestrieriJuly 17, 2026

Dollars and Sense

The Mid-June Ceasefire Gave American Drivers a Month of Falling Gas Prices — and the War’s Return Is Taking It All Back

Brent hit $85.06 and WTI $79.88 as oil posted a 12 percent week, its biggest since April, with Hormuz transits collapsing to 13 ships...

Stephen SilverJuly 17, 2026

Puget Sound Naval Shipyard, Wash. (Aug. 14, 2003) -- Illustration of USS Ohio (SSGN 726) which is undergoing a conversion from a Ballistic Missile Submarine (SSBN) to a Guided Missile Submarine (SSGN) designation. Ohio has been out of service since Oct. 29, 2002 for conversion to SSGN at Puget Sound Naval Shipyard. Four Ohio-class strategic missile submarines, USS Ohio (SSBN 726), USS Michigan (SSBN 727) USS Florida (SSBN 728), and USS Georgia (SSBN 729) have been selected for transformation into a new platform, designated SSGN. The SSGNs will have the capability to support and launch up to 154 Tomahawk missiles, a significant increase in capacity compared to other platforms. The 22 missile tubes also will provide the capability to carry other payloads, such as unmanned underwater vehicles (UUVs), unmanned aerial vehicles (UAVs) and Special Forces equipment. This new platform will also have the capability to carry and support more than 66 Navy SEALs (Sea, Air and Land) and insert them clandestinely into potential conflict areas. U.S. Navy illustration. (RELEASED)

Dollars and Sense

The Gulf States Are Racing to Build Their Way Around Iran’s Grip on Hormuz — Pipeline by Pipeline, Toward Ports Outside the Strait

The UAE is doubling its Fujairah pipeline capacity, Saudi Arabia is expanding its Red Sea line, and Iraq is reviving Basra-Haditha — all to...

Caleb LarsonJuly 17, 2026

Donald Trump Back in 2025 White House Photo

Dollars and Sense

The World Has More Crude Oil Than It Can Use — and Still Can’t Make Enough Gasoline, Diesel, and Jet Fuel to Go Around

The world isn't short of oil — it's short of refineries, and two wars are why cheap crude won't mean cheap gas anytime soon.

Caleb LarsonJuly 17, 2026

(October 30, 2007) - USS Ronald Reagan (CVN 76) conducts Board of Inspection and Survey (INSURV) following a six-month Planned Incremental Availability (PIA). All Naval vessels are periodically inspected by INSURV to check their material condition and battle readiness. U.S. Navy photo by Mass Communication Specialist 2nd Class (AW) M. Jeremie Yoder.

Military Hardware: Tanks, Bombers, Submarines and More

Washington Says Hormuz Belongs to the World, Tehran Says Half Is Theirs — and Oman Just Said Nobody Should Control It at All

Day six of the renewed war brought expanded US strikes across Iran and wider Iranian attacks on America's Gulf partners — with only a...

Brandon WeichertJuly 16, 2026

Dollars and Sense

Europe Just Froze Its Russian Oil Price Cap for Another Week — and the Iran War Could Now Hand Putin an Automatic Windfall

A European intelligence report seen by Reuters warns Russia faces an 'explosive' banking crisis that one ambitious sanctions package could trigger — as the...

Stephen SilverJuly 16, 2026

President Donald Trump participates in a working lunch meeting with Japanese Prime Minister Sanae Takaichi, Tuesday, October 28, 2025, at Akasaka Palace in Tokyo, Japan. (Official White House Photo by Daniel Torok)

Dollars and Sense

Before the War, Roughly 140 Ships a Day Moved Through the Strait of Hormuz — Now the Count Is Down to Maybe a Dozen

Commercial transits through the Strait of Hormuz have fallen to near-zero since fighting resumed — from roughly 140 ships daily before the war to...

Brandon WeichertJuly 16, 2026

Military Hardware: Tanks, Bombers, Submarines and More

The Iran Ceasefire Effectively Handed Tehran Control of Hormuz — Washington Realized It, Reversed Course, and the Deal Died in 18 Days

The Washington–Tehran MoU effectively ceded Hormuz control to Iran — so Trump forced ships onto the Omani route, and the deal collapsed in 18...

Brandon WeichertJuly 16, 2026

President Donald J. Trump delivers remarks at the Mack Trucks facility in Macungie, Pennsylvania, Tuesday, June 23, 2026. (Official White House Photo by Molly Riley)

Military Hardware: Tanks, Bombers, Submarines and More

Iran Fired on US Bases Across Bahrain, Kuwait, and Jordan — and Now Claims It Destroyed American Radars in Oman Too

Iran fired missiles and drones at US-linked bases across Bahrain, Kuwait, and Jordan, and the IRGC claims it destroyed American radars in Oman. Trump...

Steve BalestrieriJuly 16, 2026

National Security Journal

All posts tagged "Oil"

Dollars and Sense

America Has a Problem at the Pump: It Pumps More Oil Than Any Nation on Earth but Still Pays a Price Set by the War With Iran

Dollars and Sense

The Mid-June Ceasefire Gave American Drivers a Month of Falling Gas Prices — and the War’s Return Is Taking It All Back

Dollars and Sense

The Gulf States Are Racing to Build Their Way Around Iran’s Grip on Hormuz — Pipeline by Pipeline, Toward Ports Outside the Strait

Dollars and Sense

The World Has More Crude Oil Than It Can Use — and Still Can’t Make Enough Gasoline, Diesel, and Jet Fuel to Go Around

Military Hardware: Tanks, Bombers, Submarines and More

Washington Says Hormuz Belongs to the World, Tehran Says Half Is Theirs — and Oman Just Said Nobody Should Control It at All

Dollars and Sense

Europe Just Froze Its Russian Oil Price Cap for Another Week — and the Iran War Could Now Hand Putin an Automatic Windfall

Dollars and Sense

Before the War, Roughly 140 Ships a Day Moved Through the Strait of Hormuz — Now the Count Is Down to Maybe a Dozen

Military Hardware: Tanks, Bombers, Submarines and More

The Iran Ceasefire Effectively Handed Tehran Control of Hormuz — Washington Realized It, Reversed Course, and the Deal Died in 18 Days

Military Hardware: Tanks, Bombers, Submarines and More

Iran Fired on US Bases Across Bahrain, Kuwait, and Jordan — and Now Claims It Destroyed American Radars in Oman Too

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