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News & Articles By Garrison Vance
03/21/2026
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By Garrison Vance
U.S. Treasury Secretary Suggests Potential Easing of Sanctions on ‘Stranded’ Iranian Oil
U.S. Official Signals Possible Policy Shift on Sanctioned Iranian Crude U.S. Treasury Secretary Scott Bessent indicated on Thursday, March 19, that the Trump administration is considering lifting sanctions on Iranian crude oil currently held on tankers at sea, according to a report by Reuters. [1] The remarks, made during a financial conference and later in […]
03/20/2026
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By Garrison Vance
Heightened Tensions in Strait of Hormuz Threaten Global Energy Supplies
Overview: Maritime Disruption in Critical Oil Corridor Tanker traffic through the Strait of Hormuz has become irregular in recent weeks, shipping data shows. The waterway, a narrow passage between Iran and Oman, normally sees the transit of approximately 20% of the world’s oil and a similar share of liquefied natural gas (LNG), according to energy […]
03/19/2026
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By Garrison Vance
U.S. Weighs Hormuz Operation That Could Extend Conflict with Iran, Sources Say
Introduction The United States military is considering a major operation to secure the Strait of Hormuz that could prolong its war with Iran by weeks or months, according to sources familiar with the discussions. The operation, intended to ensure freedom of navigation through the critical oil transit chokepoint, is being actively weighed by the Trump […]
03/19/2026
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By Garrison Vance
Iran Confirms Death of Top Security Official in Airstrike
Confirmation of Top Official’s Death in Airstrikes Iran’s Islamic Revolutionary Guard Corps (IRGC) confirmed on March 17, 2026, that Ali Larijani, the influential head of Iran’s Supreme National Security Council, was killed in what it described as U.S.-Israeli strikes. [1] The announcement was made by the IRGC’s media arm, Sepah, which stated Larijani was killed alongside his […]
03/18/2026
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By Garrison Vance
Israeli Strikes Hit South Pars Gas Field, Affecting Global Fertilizer Supply Chain
Key Facts: Strike on Critical Gas Infrastructure Israeli airstrikes targeted and set fire to Phase 14 processing facilities at Iran’s South Pars gas field on Wednesday, according to Iranian state media and Western reports. The semi-official Tasnim news agency and Iran’s oil ministry confirmed the blaze and a partial suspension of production at the site. […]
03/18/2026
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By Garrison Vance
Western Leaders Issue Joint Warning Against Israeli Ground Offensive in Lebanon
The leaders of Canada, France, Germany, Italy, and the United Kingdom issued a joint statement on Monday, March 16, 2026, urging Israel to avoid a significant ground incursion into Lebanon. [22] The statement cited ‘devastating humanitarian consequences’ and warned that such an offensive ‘could lead to a protracted conflict’ which ‘must be averted.’ [21] The […]
03/17/2026
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By Garrison Vance
Commercial Shipping Persists in Critical Waterway as Conflict Escalates
At least a dozen commercial vessels have transited the contested Strait of Hormuz since late February 2026, navigating a live war zone to deliver crude oil and liquefied natural gas to global markets, according to data from maritime specialists. The voyages by Greek and Chinese-operated tankers occur amid a joint U.S.-Israeli military campaign against Iran, […]
03/17/2026
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By Garrison Vance
Jet Fuel Prices Climb Sharply Following Strait of Hormuz Closure, Airfares Increase
Global jet fuel prices have risen sharply following the effective closure of the Strait of Hormuz amid the ongoing U.S.-Israel conflict with Iran, prompting multiple airlines to announce immediate airfare increases. The International Energy Agency has characterized the resulting supply disruption as the largest in global oil market history [1]. Jet fuel prices, which were […]
03/17/2026
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By Garrison Vance
Iranian Official Warns of $200 Oil Prices Amid Escalating Strait of Hormuz Tensions
Iran Warns of $200 Oil as Hormuz Blockade Threat Intensifies A senior Iranian military spokesperson warned on March 11, that global crude oil prices could surge to $200 per barrel if ongoing U.S. and Israeli military operations in the region continue. The statement from Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command, followed a […]
03/16/2026
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By Garrison Vance
U.S. Military Reports Destruction of Iranian Naval Assets in Ongoing Campaign
CENTCOM Announces Strikes on Iranian Minelayers, Naval Vessels U.S. Central Command said on March 12, 2026, that its forces have destroyed more than 30 Iranian minelaying vessels and a total of 60 other Iranian naval vessels in an ongoing military campaign. The command released an update on the operation, designated Operation Epic Fury, stating it […]
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