The wealth of the Gulf states depends upon their ability to export energy to the rest of the world. Qatar is a particularly dangerous case because its economy...
Iran’s oil industry has been brought to a standstill, and the economic consequences are becoming impossible to ignore. Iran’s seaborne crude oil exports...
At least 16 trucking, delivery, and transportation companies entered bankruptcy proceedings between late August and September 21. These filings extend across...
Ryanair chief Michael O’Leary says jet fuel is now about 50% more expensive than before the Iran war and expects those elevated costs to persist for another 12 to...
Earlier this year, as the energy crisis sent gasoline prices soaring, Washington began waiving the very fuel regulations it had insisted were necessary. The...
For years, Washington proclaimed that sanctions would shut down Iranian oil exports. They never did. Iran adapted because markets ALWAYS adapt. Tehran assembled a...
The Houthis have not technically seized the entire Red Sea, but that distinction is becoming almost meaningless for Saudi Arabia. Their forces have swept down...
Something rather extraordinary has happened in the Middle East. Saudi Arabia has turned to China for help with Iran and the Houthis. Riyadh appealed to Beijing...
Saudi Arabia just reported something that should scare the hell out of anyone who understands how the Middle East actually functions. According to Bloomberg, Riyadh...
The politicians continue to speak about the Strait of Hormuz as though this were merely a regional dispute between Iran and its neighbors. That is complete...
