The Ceasefire's Gone, the Talks Are Gone, and Nobody Agrees on the Tanker

Seven Months In, Iran and the US Actually Talked. The Oil Market Believed It.

Seventh piece in a series that started with Mokha falling on 09-11. Previous: The Strait Fell, and Riyadh Called Washington → Both Banks, and Now Iran's Own...

The Missile Reached Riyadh. The Oil Market Didn't Blink.

Sixth piece in a series that started with Mokha falling on 09-11. Previous: The Strait Fell, and Riyadh Called Washington → Both Banks, and Now Iran's Own...

The Rally Didn't Survive a Day, and Rubio Just Confirmed the Correction I Made Three Weeks Ago

Eighth piece in a series that started with Mokha falling on 09-11. Previous: The Strait Fell, and Riyadh Called Washington → Both Banks, and Now Iran's Own...

Iran-backed Houthi rebels seize strategic Red Sea port in Yemen

The rebel group took over Yemen's port of Mokha, an area vital to controlling shipping through the Red Sea, Houthi and Yemeni officials said. Mokha is about 50 miles from the Bab el-Mandeb Strait.

Asia scrambles to confront energy crisis unleashed by Iran war – with no end in sight

From fuel caps to four-day work weeks, the Middle East conflict has left the world’s top crude oil importing region desperate to shore up supplies

Before the Window Closes Again

Reza Pahlavi and the missing bridge of Iran’s opposition

Saudi oil pipeline hit in strikes will be mostly out of service for several weeks

The developments further strain Saudi Arabia's effort to get its oil to market while avoiding the Strait of Hormuz, the choke point at the mouth of the Persian Gulf where Iranian attacks have stifled shipping.

Isolated by Iran and Yemeni Houthi rebels, Saudi Arabia seeks US backing

With Tehran-allied rebels seizing control of the Bab al-Mandab Strait between the Red Sea and the Indian Ocean on Thursday, and Iran blocking the Strait of Hormuz, the kingdom is at risk of losing all maritime access for its oil tankers.

Truth, Consequences, Climate, and Demand Destruction

"This is how the attack by one petro-state (ours) on another (Iran's) may be turning out to be very bad for petroleum, because the only thing history loves more than a surprise party is irony." The Crisis The biggest news is always the climate news, and sometimes it's so big

Yemen's Houthis seize strategic Red Sea port of Mokha

Mokha's capture brings the Iran-backed group closer to controlling a key international shipping route.

Brent at $108: Gulf States Halt Hormuz Talks as Houthis Strike Saudi Airbase | OilPrice.com

Gulf states postponed Hormuz talks as Houthis struck a Saudi airbase and Brent hit $108 amid a pipeline outage threatening 4% of global oil supply.

Saudi's MBS dialled Trump, warplanes were readied to hit Houthis. Then, a U-turn

Donald Trump held back from joining Saudi-led strikes on Yemen's Houthis after a personal appeal from Crown Prince Mohammed bin Salman and days of internal wavering. The pause exposed the tension between avoiding a wider Iran-linked conflict and preserving Saudi support for Washington's regional strategy.

Miscellanea: The War in Iran

This post is a set of my observations on the current war in Iran and my thoughts on the broader strategic implications. I am not, of course, an expert on the region nor do I have access to any spec…

Baghdad confirms attack on Saudi pipeline came from Iraq

Saudi Arabia has said it will not retaliate and wants Iraq to "take the necessary measures." Baghdad is under pressure from the United States to rein in Iran-backed militias.