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The Latest Breaking News from Brett Erickson

Another Gas Price Shock Could Be Coming As Analysts Warn Oil Disruptions Are Deepening

American drivers could soon face another wave of higher fuel costs as analysts warn that worsening disruptions in global oil markets may push gasoline and diesel prices sharply higher.

Latin Times

US hits Cuba with new sanctions as island's crises multiply

The United States has imposed new sanctions on Cuba, targeting its oil industry and individuals. These measures aim to further strain the island's already struggling economy. Cuba's government condemned the sanctions, calling them collective punishment and genocide. Cuban citizens are experiencing prolonged power outages and water shortages due to the…

The Economic Times

‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them

Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.

Fortune

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Trump will have to risk pain to make new Iran sanctions truly bite

The United States is unveiling new sanctions against Iran today. These measures aim to cripple Iran's economy by targeting its oil sales. China buys most of Iran's oil and provides crucial financial networks. US success depends on confronting Chinese companies and banks directly. This strategy risks escalating tensions between the…

The Economic Times

The Trump Administration's Hormuz Oil Numbers Don't Add Up

Energy Secretary Chris Wright claims that more oil left the Middle East in a day than before the war. But the industry isn’t buying it—and gas prices are still high.

Reason

Trump's 20% Strait of Hormuz Fee Plan Has 'Absolutely Zero Chance,' Analyst Says

Brett Erickson, a risk analyst and Geopolitics expert at Obsidian Risk Advisors, has slammed President Donald Trump‘s plan to impose a 20% fee on vessels transiting the Strait of Hormuz as tensions with Iran escalate.

Benzinga

Trump's Former Counterterrorism Head Says US Should 'Just Walk Away' From Iran War Following Missile Strikes

Joe Kent, the former Director of the U.S. National Counterterrorism Center, urged President Donald Trump to end the hostilities with Iran as tensions escalate between Washington and Tehran amid the latest round of missile strikes.

Benzinga

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Trump Lets Americans Buy Iranian Oil for the First Time Since the 1980s

As part of peace negotiations, the U.S. Treasury issued an unprecedented total waiver from Iranian oil sanctions.

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