Why the oil crisis could become a full-blown catastrophe within a month

By Claudia Assis Global crude reserves are rapidly depleting, pushing the world toward scarcity Vessels anchored in the Strait of Hormuz earlier this month….

Iran War Is Draining World’s Oil Buffer at an Unprecedented Pace

The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer…

The crisis in oil markets will get bigger before it goes away

WHAT WAS once unthinkable now appears unending. Most energy traders used to assume that, even under attack, Iran would not close the Strait of Hormuz,…

Analysis: US blockade is squeezing Iran’s all-important oil industry

Even as Iran maintains its chokehold on the Strait of Hormuz, the Islamic Republic increasingly finds itself squeezed by an American blockade threatening its…

Analysis: Why Iran’s oil industry is increasingly threatened by US blockade

DUBAI, United Arab Emirates (AP) — Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry…

Is Iran’s oil storage nearly full – and will it have to cut production?

Experts predict Iran could gradually scale back oil production if the US naval blockade of Hormuz persists….