On Wednesday evening, President Donald Trump officially signed a Memorandum of Understanding with Iran, a deal that sets off a 60-day ceasefire and longer-term nuclear talks between the two nations. It also, critically, reopens the Strait of Hormuz, that narrow waterway between Iran and Oman that usually serves as one of the globe’s vital energy … Read more
Last week, President Donald Trump claimed a secret US mission had moved 100 million barrels of oil through the Strait of Hormuz while it was blockaded. The claim landed in an industry already consumed by the question of how much oil is actually getting out—and nobody, it turns out, can answer that with confidence. “No … Read more
For all the uncertainty about what will happen next on the military and diplomatic front in the Iran war, there is certainty about what has already happened on the economic front. And it is not good. The world has seen a spike in oil prices that has been moderated so far by large drawdowns in … Read more
Beginning last week, waves of protesters taking part in nation-wide strikes gathered on the streets of Nairobi to demand the Ministry of Energy and Petroleum reduce its state-controlled fuel price. What initially began as a labor initiative soon grew into violent demonstrations, pitting thousands of protesters against Kenyan police officers, who fired live ammunition on … Read more