Iran’s Oil Industry Faces a Geological Time Bomb

Weeks of US and Israeli air strikes, sanctions, and restrictions have hit Iran hard, but it could be geology that eventually pushes it into making concessions in its ongoing standoff with the United States. As the US naval blockade of Iran approaches the end of its...

Tankers Move from Fuel to Crude Trade as War Upends Flows

The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming crude carriers amid better economics as crude buyers scramble for supply that’s not trapped behind the...