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Oil Tankers Transiting Strait of Hormuz Since Start of Iran War
May 15 2026 // The U.S. has maintained a blockade of Iranian ports, while Iran lifted and then reimposed its own blockade on marine traffic passing through the Strait of Hormuz, which typically handles roughly one-fifth of the...
Trump Dismisses Iran’s Offer, Oil Rises as Hormuz Closure Persists
May 11 2026 // President Donald Trump said on Monday that a ceasefire with Iran was “on life support” after he rejected Tehran’s response to a U.S. peace proposal, fueling concerns of a resumption of hostilities in the...
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
May 6 2026 // Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated...
Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies
May 6 2026 // President Donald Trump’s administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate...
Oil Tanker Pricing Feud Embroils Centuries-Old London Market
May 5 2026 // A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London...
Iran Threatens Painful Response if US Resumes Attacks, Oil Prices Seesaw
Apr 30 2026 // Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks and restated its claim to the Strait of Hormuz, complicating U.S. plans for a coalition to...
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