What Happened With Oil?

Every summary we've sent on Oil since January 1, 2025, newest first, each linked to its source. Each brief goes up here 14 days after our readers get it by text the morning it happens. Get today's brief here.

The Latest on Oil

Monday, October 5, 2026

Full Brief
  1. 1

    G7 countries (US, Germany, Japan, UK, France, Italy & Canada) agree to release 100M oil barrels from emergency reserves over 4mos, including substantial diesel within 20 days "to shield households & businesses from price shocks"

Every Summary on Oil

October 20262 Summaries

  1. Monday, October 5, 2026Full Brief
    1. 1

      G7 countries (US, Germany, Japan, UK, France, Italy & Canada) agree to release 100M oil barrels from emergency reserves over 4mos, including substantial diesel within 20 days "to shield households & businesses from price shocks"

  2. Thursday, October 1, 2026Full Brief
    1. 5

      Russia (2nd-largest diesel exporter after US) extends diesel, marine fuel & other fuel-oil export ban for Russian producers through Oct 31 "to stabilize domestic fuel market" amid increased harvest-season demand

September 202612 Summaries

  1. Tuesday, September 29, 2026Full Brief
    1. 4

      Russian President Vladimir Putin signs decree restricting public release of oil refinery output & energy export data (including volumes, prices, buyers, sellers & routes) citing need to respond to US & allied "unfriendly acts"

  2. Tuesday, September 22, 2026Full Brief
    1. 1

      American Automobile Association: US diesel avg price hits highest recorded level at $6.51/gal (+76% year-over-year); Regular gasoline reaches $4.48/gal as crude oil stays near $100/barrel amid Strait of Hormuz volatility

  3. Monday, September 21, 2026Full Brief
    1. 3

      Ukraine strikes Russia with 1.6K+ drones in largest attack yet on Moscow, killing 3; Moscow Oil Refinery (operated by state-controlled Gazprom's oil arm & region's largest fuel supplier) damaged in attacks

  4. Wednesday, September 16, 2026Full Brief
    1. 1

      US Strategic Petroleum Reserve falls to 285.4M barrels (-29.6% vs 405.2M in Sep 2025) marking lowest level since Nov 1982 amid emergency oil releases responding to Middle East supply disruptions

  5. Tuesday, September 15, 2026Full Brief
    1. 1

      American Automobile Association: US avg diesel price reaches record $6.23/gal (+69% vs $3.69 in Sep 2025) rising +6% in 1wk as crude prices climb amid Strait of Hormuz disruptions

    2. 2

      Yemen's Iran-backed Houthis seize Hanish Islands in Red Sea, expanding control near shipping routes through Bab el-Mandeb Strait linking Red Sea to Gulf of Aden; Strait carried 4.2M barrels of oil/day in Jan-Jun 2025

    3. 6

      Nigeria's Dangote oil refinery launches Africa's largest initial public offering ahead of stock market debut, seeking $1.6B by selling 4.1B shares to help double capacity to 1.4M oil barrels/day

  6. Monday, September 14, 2026Full Brief
    1. 3

      Saudi Arabia shuts key East-West pipeline carrying 4M oil barrels/day from Persian Gulf region to Red Sea, bypassing blocked Strait of Hormuz, "as precautionary measure" after drone attacks launched from Iraq

  7. Thursday, September 10, 2026Full Brief
    1. 1

      Global benchmark crude tops $100/barrel for 1st time since Jul, rising 3% in 1 day to $101 & 25% since early Aug amid renewed US-Iran strikes & Houthi attacks on Saudi oil facilities

  8. Wednesday, September 9, 2026Full Brief
    1. 5

      Iran-backed Yemeni Houthis strike Saudi energy facilities amid renewed fighting with Saudi-backed forces in Yemen; Attacks hit Saudi Aramco (world's largest oil company by production) injuring 73 & disrupting operations

  9. Monday, September 7, 2026Full Brief
    1. 5

      US military strikes 3 Iranian oil tankers linked to Iran's Islamic Revolutionary Guard Corps (including 1 in Gulf of Oman) after alleged Iranian missile attacks on US naval vessels

  10. Thursday, September 3, 2026Full Brief
    1. 4

      Oil giant Chevron commits $7B+ to Venezuela over 5yrs to raise production to ~600K oil barrels/day (vs 280K in Jul) citing improved investment terms, new oil fields to develop & lower production costs

August 20264 Summaries

  1. Monday, August 31, 2026Full Brief
    1. 1

      US & Venezuela reach oil deal to develop 17 Venezuelan oil fields holding 65B barrels of oil reserves, backed by $100B+ investment to rebuild Venezuela's oil industry; Trump says US "secures majority control at no cost to US taxpayers"

  2. Friday, August 14, 2026Full Brief
    1. 2

      International Energy Agency: Global oil supply rises to 101.5M barrels/day in Jul (+2.4% vs 99M in Jun); Output remains 6.3M barrels/day below year ago levels amid disruptions to Gulf production

  3. Tuesday, August 11, 2026Full Brief
    1. 1

      US Strategic Petroleum Reserve falls to 43yr low of 298.7M barrels (-28% vs ~415M in Jan 2026) amid Energy Dept's 172M-barrel emergency release to address global oil supply disruptions

  4. Monday, August 3, 2026Full Brief
    1. 2

      OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria & Oman agree to raise Sep oil production targets by +188K barrels/day (6th consecutive monthly increase) to "support oil market stability"

July 20266 Summaries

  1. Thursday, July 30, 2026Full Brief
    1. 6

      Cuba opens pharmacies, elder care & renewable energy to private businesses, while allowing gas stations, oil & gas extraction under government concessions amid communist nation's worsening humanitarian crisis

  2. Tuesday, July 28, 2026Full Brief
    1. 4

      Global benchmark crude falls -8.7% to $88/barrel after US & Iran pause attacks to allow talks; US crude drops -7.5% to $82.6/barrel, lowest since Jul 16

  3. Friday, July 24, 2026Full Brief
    1. 2

      Global benchmark crude tops $100/barrel for 1st time since May after Iran-backed Yemeni Houthi rebels claim attacks on 2 Saudi tankers in Red Sea; US crude rises to $92/barrel, highest since Jun 4

  4. Monday, July 20, 2026Full Brief
    1. 4

      Iraq & Syria sign agreement to restore Kirkuk-Baniyas oil pipeline after 23yr closure, restoring alternative export route to Mediterranean markets amid Strait of Hormuz disruptions

  5. Wednesday, July 8, 2026Full Brief
    1. 2

      Treasury Dept revokes temporary license allowing Iranian oil sales under recent US-Iran agreement after alleged attacks on 3 commercial vessels in Strait of Hormuz

  6. Monday, July 6, 2026Full Brief
    1. 2

      OPEC+ members Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria & Oman approve +188K barrels/day oil output increase for Aug, citing "support for oil market stability"

June 20268 Summaries

  1. Thursday, June 25, 2026Full Brief
    1. 1

      Global oil prices fall to lowest level since Feb 27 (day before Iran conflict started) as tankers resume transit through Strait of Hormuz; Global benchmark crude drops to ~$74/barrel & US crude falls to ~$70/barrel

  2. Tuesday, June 23, 2026Full Brief
    1. 1

      Oil prices fall to lowest level since Iran conflict began as Strait of Hormuz traffic begins to recover; Global benchmark crude drops to ~$77/barrel & US crude falls to ~$74/barrel

    2. 3

      US temporarily eases Iran energy sanctions for 60 days, "permitting oil production, delivery & sale" (including through sanctioned vessels) amid ongoing US-Iran talks in Switzerland

  3. Monday, June 22, 2026Full Brief
    1. 1

      Iran declares Strait of Hormuz closed, citing alleged US ceasefire violations & Israeli actions in Lebanon; US disputes closure, saying "55 ships carrying 17M barrels of oil passed through on Sat"

  4. Tuesday, June 16, 2026Full Brief
    1. 1

      US Strategic Petroleum Reserve falls to lowest level since 1983 with 340M barrels remaining (vs record high 727M in 2010) after emergency releases tied to oil market disruptions

  5. Friday, June 12, 2026Full Brief
    1. 2

      US becomes world's largest oil exporter as exports reach 10.5M barrels/day, surpassing Russia (7M) & Saudi Arabia (5.9M); Shift driven by surging US oil production, disruptions from Iran war & Russia sanctions

  6. Thursday, June 11, 2026Full Brief
    1. 2

      Trump announces US military "secret mission" to move ships through Strait of Hormuz, claiming "100M+ oil barrels & 200+ commercial ships safely passed through" waterway & that "US controls Strait of Hormuz"

  7. Wednesday, June 10, 2026Full Brief
    1. 2

      US Energy Information Admin: Global oil consumption falls to 102.6M barrels/day (-1.1% vs 103.7M in 2025) as Strait of Hormuz disruptions continue; Middle East oil output drops 11M barrels/day

May 202611 Summaries

  1. Wednesday, May 27, 2026Full Brief
    1. 2

      US consumer confidence falls to 93.1 (vs 93.8 in Apr) 1st decline in 4mo as consumers cite rising prices, oil shocks & Middle East conflict concerns

  2. Monday, May 25, 2026Full Brief
    1. 1

      US consumer sentiment falls to record low 44.8 (vs 49.8 in Apr) amid Iran conflict & oil-price shock

  3. Thursday, May 21, 2026Full Brief
    1. 6

      UK issues indefinite sanctions waiver allowing imports of jet fuel & diesel refined from Russian oil to "protect British consumers" amid Iran war-driven energy price surge

  4. Friday, May 15, 2026Full Brief
    1. 1

      US Energy Information Administration: Oil shipments through Strait of Hormuz fall to 14.6M barrels/day in Q1 2026 (-29% vs 20.7M in Q4 2025) amid regional conflict; Liquefied natural gas shipments also decline to 7.3B cubic feet/day (-28% vs 10.1B)

    2. 3

      Cuba officially runs out of diesel & fuel oil without reserves as 22hr blackouts trigger protests across Havana amid US fuel blockade

  5. Thursday, May 14, 2026Full Brief
    1. 1

      International Energy Agency: Iran war "depleting global oil inventories at record pace" with supply falling 12.8M barrels/day since Feb; Strait of Hormuz disruptions remove 14M+ barrels/day of Gulf oil production

  6. Thursday, May 7, 2026Full Brief
    1. 1

      American Automobile Association data: US avg gas prices rise to $4.48/gal (+50% vs ~$2.98/gal in Feb pre-war) as Strait of Hormuz disruptions continue constraining global oil flows

  7. Tuesday, May 5, 2026Full Brief
    1. 4

      China blocks US sanctions on 5 Chinese refiners allegedly linked to Iran oil trades to protect "sovereignty & security"; Claims measures "violate international law & lack UN authorization"

  8. Monday, May 4, 2026Full Brief
    1. 1

      US crude oil exports hit record 5.2M barrels/day in Apr (+30% vs 3.9M in Feb pre-war) as Iran conflict disrupts Middle East supply

    2. 2

      Budget carrier Spirit Airlines shuts down after 34yrs, cancels all flights & begins immediate wind-down citing "increase in oil prices impacting financial outlook"; Airline (~17K employees) filed 2 bankruptcies since 2024

  9. Friday, May 1, 2026Full Brief
    1. 2

      Global benchmark crude price hits $126 (highest since Mar 2022) before retreating to ~$116 as US-Iran war escalation fears persist amid Strait of Hormuz disruption

April 202618 Summaries

  1. Wednesday, April 29, 2026Full Brief
    1. 1

      United Arab Emirates exits global oil producers alliance OPEC & OPEC+ after 59yrs, citing "national interest & evolving energy profile"; UAE produces ~2.9M barrels of oil/day (4th largest in OPEC+)

    2. 2

      American Automobile Association data: US avg gasoline prices hit 4yr high at $4.18/gal (+28% vs $3.26 in Feb) as oil surges amid Iran war

  2. Tuesday, April 28, 2026Full Brief
    1. 5

      Energy giant Shell will acquire Canada's ARC Resources in ~$16.4B deal, adding ~370K barrels/day of oil & gas output & ~2B barrels in reserves

  3. Friday, April 24, 2026Full Brief
    1. 4

      US Energy Information Administration report: China holds world's largest strategic oil reserves at ~1.4B barrels in 2025, followed by US (~413M) & Japan (~263M); Top 10 countries account for ~70% of global inventories

    2. 5

      EU imposes 20th sanctions package on Russia to "further cripple its economy & war machine", adding 120 individuals & entities in largest listings package in 2yrs "targeting Russia's oil revenues, financial sector & crypto"

  4. Wednesday, April 22, 2026Full Brief
    1. 3

      US forces board "stateless, sanctioned" oil tanker M/T Tifani in Pacific; 1st such operation beyond Middle East as "part of global effort to target Iran-linked vessels" in international waters

  5. Monday, April 20, 2026Full Brief
    1. 5

      US extends 30-day waiver allowing delivery & sale of Russian oil (loaded on tankers by Apr 17), permitting delivery through May 16 amid Russia sanctions (imposed after 2022 Ukraine invasion)

  6. Wednesday, April 15, 2026Full Brief
    1. 1

      International Energy Agency report: Global oil markets face "largest supply shock in history" with exports down >13M barrels/day & inventories falling -85M barrels in Mar

    2. 4

      OPEC report: Total OPEC oil production falls to 20.8M barrels/day (-27% vs 28.7M in Feb) as Iran war disrupts Gulf exports; Iraq leads decline at -61%, Kuwait (-53%), UAE (-44%) & Saudi Arabia (-23%)

  7. Monday, April 13, 2026Full Brief
    1. 5

      Iraq parliament elects (227-15) 58yo Kurdish politician Nizar Amidi as president amid Iran war fallout disrupting oil exports & escalating militia attacks

  8. Friday, April 10, 2026Full Brief
    1. 4

      US & Hungary sign energy, defense & tech agreements including Hungary's $500M oil purchase, ~$20B nuclear reactor projects & $700M rocket systems purchase to boost country's "energy security & NATO defense"

  9. Thursday, April 9, 2026Full Brief
    1. 2

      Oil prices plunge as US-Iran ceasefire eases Middle East supply fears; US crude falls -16% & global benchmark crude drops -13% from war-driven peaks

    2. 6

      Environmental Protection Agency revises Biden-era oil & gas methane regulations, expanding limits on burning off excess gas & reducing monitoring/testing requirements "to cut ~$2.5B in compliance costs"

  10. Wednesday, April 8, 2026Full Brief
    1. 2

      Kpler report: Iran-US conflict disrupts ~11M barrels/day (bpd) of crude supply & cuts Gulf states' exports to ~7M bpd (-53% vs 15M bpd pre-conflict); Global oil market now in ~6M bpd deficit

    2. 3

      US hits "military sites" on Iran's Kharg Island (country's main oil export hub); VP Vance says strikes "not change in strategy" & targets "exclude energy & oil infrastructure"

  11. Tuesday, April 7, 2026Full Brief
    1. 3

      American Automobile Association: Avg US gas prices hit $4.1/gal+ (+38% vs ~$2.98 on Feb 28) amid Iran war-driven oil spike

  12. Monday, April 6, 2026Full Brief
    1. 2

      OPEC+ countries Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria & Oman agree to +206K barrel/day output increase in May (2nd consecutive monthly increase) citing "commitment to market stability & flexibility"

  13. Wednesday, April 1, 2026Full Brief
    1. 1

      American Automobile Association data: Avg US gas prices hit $4/gal (+35% vs ~$2.98 on Feb 28) highest since 2022 amid Iran war-driven oil spike pushing crude >$100/barrel

March 202615 Summaries

  1. Tuesday, March 31, 2026Full Brief
    1. 2

      Russian tanker carrying ~100K tonnes of crude oil arrives in Cuba; 1st shipment eases de facto blockade for 11M after US-imposed oil restrictions that halted deliveries in Jan

  2. Wednesday, March 25, 2026Full Brief
    1. 3

      Philippines declares 1yr national energy emergency (1st country to declare national energy emergency over Middle East conflict) citing "imminent danger to supply"; Country imports 98% of its oil from Gulf

  3. Monday, March 23, 2026Full Brief
    1. 2

      US issues 30-day license allowing delivery & sale of Iranian oil (loaded on tankers as of Mar 20) to "ease energy supply pressures" despite sanctions on Iran (imposed after 1979 Islamic Revolution); Waiver marks 3rd time US temporarily waived sanctions in ~2wks

    2. 4

      US begins releasing 45.2M barrels from emergency oil reserve (Strategic Petroleum Reserve) "at record speeds" to 8 oil firms as part of 172M-barrel exchange

  4. Thursday, March 19, 2026Full Brief
    1. 6

      International Air Transport Association data: Global avg jet fuel prices rise to $4.17/gal (+83% vs $2.28/gal in Feb) amid Middle East conflict disruptions in oil markets

  5. Tuesday, March 17, 2026Full Brief
    1. 1

      GasBuddy: US avg gasoline prices rise to $3.68/gal (+7% week-over-week) as diesel hits $4.95/gal (+7%) amid Middle East tensions disrupting oil flows through Strait of Hormuz

    2. 4

      US restores California offshore oil pipeline (shut since 2015 due to 100K+ gallon spill) to boost domestic supply amid oil supply disruptions; Facility can produce 50K barrels/day (+15% to CA's in-state oil production)

  6. Monday, March 16, 2026Full Brief
    1. 1

      US conducts "large-scale precision strike" on Iran's Kharg Island, hitting 90+ Iranian military targets while "preserving oil infrastructure"; Kharg Island hosts oil terminal handling ~90% of Iran's oil exports

  7. Friday, March 13, 2026Full Brief
    1. 4

      US issues 30-day license allowing delivery & sale of Russian oil (loaded on tankers before Mar 12), permitting delivery through Apr 11 despite sanctions on Russia (imposed after 2022 Ukraine invasion); Expands earlier India-specific authorization globally

  8. Thursday, March 12, 2026Full Brief
    1. 1

      All 32 International Energy Agency member countries agree to largest-ever emergency oil stock release of 400M barrels "to address market disruptions after Middle East conflict cuts Strait of Hormuz oil flows to <10% of pre-conflict levels"

    2. 2

      US energy firm America First Refining unveils plans for 168K barrel/day oil refinery in Texas (1st US refinery in ~50yrs) processing 100% domestic shale crude, backed by 20yr purchase agreement with India's Reliance Industries (operates world's largest refinery)

  9. Tuesday, March 10, 2026Full Brief
    1. 5

      US issues 30-day license allowing India to receive Russian oil (loaded on tankers before Mar 5), permitting delivery through Apr 4 despite US sanctions on Russia (imposed after 2022 Ukraine invasion) amid global oil shipping disruptions

  10. Monday, March 9, 2026Full Brief
    1. 4

      State-owned oil firm Kuwait Petroleum Corp (KPC) announces "precautionary" cuts in crude oil production as Strait of Hormuz shipping halts; Kuwait produces ~2.6M barrels/day of crude oil, ~3% of global supply

  11. Thursday, March 5, 2026Full Brief
    1. 4

      Oil prices jump +4.7% as US-Israel conflict with Iran disrupts Middle East energy shipments; Global benchmark crude hits highest level since Jan 2025

  12. Wednesday, March 4, 2026Full Brief
    1. 2

      Iran closes Strait of Hormuz & warns it will attack "any ship attempting to pass"; Chokepoint carries ~20% of global oil supply connecting Gulf producers to world markets

February 20268 Summaries

  1. Wednesday, February 25, 2026Full Brief
    1. 3

      UK announces "largest Russia sanctions package since 2022 invasion" adding ~300 measures targeting oil revenues & war supply chains on Ukraine-Russia war's 4th anniversary

  2. Thursday, February 19, 2026Full Brief
    1. 1

      Japan unveils $36B investment in US oil, gas & critical minerals projects across TX, OH & GA, in 1st tranche under $550B bilateral investment deal signed Nov 2025

    2. 3

      Iran partially closes Strait of Hormuz citing "security precautions" for military naval drills as Tehran holds nuclear talks with US; Waterway handles ~13M barrels/day crude oil, ~31% of global seaborne crude flows

  3. Tuesday, February 17, 2026Full Brief
    1. 4

      Cuba postpones 26yo cigar festival "as result of US's blockade"; Island faces severe oil shortage from getting cut off from Venezuelan oil, following Jan 3 operation to seize Venezuelan President Maduro

  4. Monday, February 9, 2026Full Brief
    1. 4

      Trump eliminates 25% additional tariff on Indian imports (imposed Aug 2025), citing India's "commitment to stop Russian oil imports, purchase US energy products & expand defense cooperation up to 10yrs"

  5. Tuesday, February 3, 2026Full Brief
    1. 3

      US oil & natural gas firm Devon Energy will acquire rival Coterra Energy, combining assets to create 1 of world's largest shale companies with ~$58B combined enterprise value

  6. Monday, February 2, 2026Full Brief
    1. 4

      Venezuelan acting President Rodriguez signs law opening oil sector to privatization, reversing 20yrs+ of state control & allowing private companies full management

    2. 5

      World Steel Association report: Global crude steel production falls to 1.85B tons in 2025 (-2% vs 1.89B in 2024), led by China dropping -4.4%; US output rises +3.1%, overtaking Japan (-4%) for 1st time in 26yrs

January 20267 Summaries

  1. Friday, January 30, 2026Full Brief
    1. 1

      US declares national emergency over Cuba, authorizing "potential tariffs on imports from countries supplying oil to island" & citing "ties to hostile states, intelligence activity & regional destabilization" as national security threats

  2. Friday, January 23, 2026Full Brief
    1. 5

      Ember research: Wind & solar energy production overtook fossil fuels in EU power generation for 1st time in 2025, producing record 30% of electricity (vs 29% from coal, oil & gas)

  3. Monday, January 19, 2026Full Brief
    1. 4

      Syria & Kurdish-led SDF forces agree to 14-point ceasefire agreement ending 2wk conflict; Damascus will integrate SDF personnel into state military & assume control of border crossings, oil & gas fields

  4. Monday, January 12, 2026Full Brief
    1. 1

      Trump declares national emergency to "safeguard Venezuelan oil revenues held in US from creditor seizures," requiring Treasury Dept to hold assets in sovereign custody for "diplomatic purposes"

  5. Thursday, January 8, 2026Full Brief
    1. 3

      US seizes Russian-flagged oil tanker "Marinera" after weeks-long pursuit, citing sanctions & violations tied to Venezuela; 2nd tanker MT Sophia also seized for "illicit activities" in Caribbean

  6. Wednesday, January 7, 2026Full Brief
    1. 4

      Reuters/Ipsos poll: 34% of Americans disapprove US removal of Venezuelan President Maduro (vs 33% approve) with ~75% concerned US "too involved" & 51% believing strikes aimed to access Venezuela's oil

  7. Monday, January 5, 2026Full Brief
    1. 1

      US airstrikes Caracas, Venezuela, capturing President Maduro & wife (now held in NY awaiting court on drug charges); Trump says US will run Venezuela temporarily until "safe, proper & judicious transition" & threatens 2nd strike if remaining officials "don't cooperate on drug trafficking & oil industry overhaul"

December 20253 Summaries

  1. Thursday, December 18, 2025Full Brief
    1. 1

      Trump orders "total blockade of sanctioned Venezuelan oil tankers" & claims Venezuelan government designated "Foreign Terrorist Organization" over alleged terrorism, drug smuggling, human trafficking; Venezuela condemns move as "grotesque" & violation of international law

  2. Friday, December 12, 2025Full Brief
    1. 2

      US seizes "record-large" oil tanker off Venezuela carrying 1.1M barrels; AG Bondi says FBI, DHS, Coast Guard & Pentagon executed seizure warrant citing tanker's "involvement in illicit oil network supporting terrorists"

  3. Wednesday, December 10, 2025Full Brief
    1. 2

      GasBuddy data: US gas prices drop to multi year low at $2.9/gallon (-5.7% vs $3 in Nov) with some stations now below $2 as falling crude & weaker seasonal demand push prices down

November 20251 Summary

  1. Thursday, November 13, 2025Full Brief
    1. 6

      IEA report: Oil demand could hit 113M barrels/day by 2050 under current policies (+13% vs 100M in 2024), reversing previous forecast of oil demand peaking this decade; Electricity demand will rise +40% by 2035 driven by AI & data centers

October 20251 Summary

  1. Friday, October 24, 2025Full Brief
    1. 3

      US sanctions Russia's 2 largest oil firms Rosneft & Lukoil "to degrade Kremlin's war funding after Putin refused good-faith Ukraine negotiations" in largest Russia energy sanctions to date

September 20252 Summaries

  1. Tuesday, September 30, 2025Full Brief
    1. 2

      EU reinstates its sanctions on Iran after UK, France & Germany triggered UN "snapback" penalties over nuclear non-compliance; Measures include asset freezes, oil import & travel bans

  2. Wednesday, September 3, 2025Full Brief
    1. 5

      Syria exports 1st crude oil shipment in 14yrs (600K barrels) 9mo after Assad regime fall in Dec; Country exported 380K barrels daily in 2010 before 14yr civil war devastated oil infrastructure

August 20255 Summaries

  1. Thursday, August 28, 2025Full Brief
    1. 1

      Trump's 50% tariffs take effect today for India (vs previous 25%) for buying Russian oil; India says $48B in exports at risk

    2. 6

      Reuters/Ipsos poll: 62% of Americans support sanctioning Russia's trading partners to pressure Moscow towards Ukraine ceasefire as Trump weighs tariffs on China, Turkey & UAE after imposing 25% on India for Russian oil purchases

  2. Tuesday, August 26, 2025Full Brief
    1. 6

      Oil & natural gas company Crescent Energy acquires peer Vital Energy in $3.1B deal, creating 1 of largest independent oil & gas producers in US

  3. Thursday, August 7, 2025Full Brief
    1. 1

      Trump doubles tariff on Indian goods to 50% (effective Aug 27) for buying Russian oil, authorizes additional 25% tariff on nations still importing Kremlin crude

  4. Tuesday, August 5, 2025Full Brief
    1. 3

      US sanctions 115+ Iran-linked individuals, entities & vessels tied to Supreme Leader adviser's son in vast shipping network across 17+ countries (largest Iran sanction since 2018); Treasury claims network traffics Iran-Russia oil to generate billions for regime elites & evade penalties

June 20251 Summary

  1. Monday, June 16, 2025Full Brief
    1. 2

      Iran & Israel trade airstrikes for 4th day in "state of war," claiming 14+ Israeli & 224+ Iranian lives; Iran holds US responsible as Trump claims "we knew everything" & praises "excellent" attack; Oil & safe-haven assets (gold, $USD) surge

May 20252 Summaries

  1. Wednesday, May 7, 2025Full Brief
    1. 4

      EU commits to ban Russian energy import by 2027; EU already decreased import of gas (from 45% of its consumption in 2021 to 19% 2024) & oil (27% 2022 to 3% 2025)

  2. Tuesday, May 6, 2025Full Brief
    1. 4

      Oil prices drop to lowest since Feb 2021 after OPEC+ increases supply for 2nd consecutive month

March 20252 Summaries

  1. Tuesday, March 25, 2025Full Brief
    1. 4

      Trump announces 25% tariff on all goods from countries buying oil or gas from Venezuela starting in Apr, increasing pressure over country's alleged Tren de Aragua gang infiltration into US; While China buys 68% of Venezuela's oil, US is also a buyer

  2. Monday, March 24, 2025Full Brief
    1. 5

      UAE pledges $1.4T investment in US over next 10yrs, seeking to diversify its oil economy toward AI infrastructure, semiconductors, manufacturing & other energy

February 20252 Summaries

  1. Tuesday, February 4, 2025Full Brief
    1. 2

      Trump's new 10% tariffs on China begin today; China responds with 15% tariffs on US coal & gas, 10% on oil & agricultural equipment, investigates Google for antitrust violations

  2. Monday, February 3, 2025Full Brief
    1. 1

      Trump signs 25% tariffs on Mexico & Canada (10% on Canada's oil) & 10% on China imports into effect tonight; These 3 are US's largest trading partners, accounting for 40%+ of imports last year

January 20253 Summaries

  1. Friday, January 31, 2025Full Brief
    1. 1

      Trump confirms 25% tariffs (which may exclude oil) on Canada & Mexico starting tomorrow, citing illegal immigration & drug smuggling as triggering grievances

  2. Monday, January 27, 2025Full Brief
    1. 3

      Trump threatened 25% tariff (to be raised to 50% after 1 week) on Colombia after it refused to accept 2 deportation flights of its citizens; Colombia shortly yielded with tariff threat removed; Colombia is among US's largest LatAm trade partners & US is Colombia's biggest market driven by crude petroleum & coffee; Countries exchange $54B in goods & services annually

  3. Friday, January 17, 2025Full Brief
    1. 5

      Meta & oil giant British Petroleum both lay off 5% of workforce

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