GlobalOilSupply

Rising Tensions in the Middle East: Unsettled Ceasefire Invokes Global Concerns

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**Rising Tensions in the Middle East: Unsettled Ceasefire Invokes Global Concerns** Key Takeaways: A cargo ship was hit by an unknown projectile near Qatar’s coast, inflaming already high tensions in the Middle East. The incident tests the tenuous ceasefire between the U.S. and Iran, with the Strait of Hormuz, a crucial waterway for world oil … Read more

US Gas Prices Surge Amid US-Israel Conflict with Iran: Economic Impacts and Future Projections

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**US Gas Prices Surge Amid US-Israel Conflict with Iran: Economic Impacts and Future Projections** Key Takeaways: Average cost of a gallon of regular gasoline in the US has surged nearly 27 cents to $3.25 over the past week due to ongoing conflict between US-Israel and Iran threatening global oil supply. The Trump administration is under … Read more