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The Latest Breaking News from Claudio Galimberti

Why isn't oil above $100 despite supply disruptions?

Global oil prices remain below one hundred dollars per barrel. Significant volumes continue to flow through the Strait of Hormuz. Gulf exporters utilize alternative routes and means to mitigate shortfalls. Other producers are stepping up output to fill supply gaps. Demand destruction in petrochemicals and fuels remains substantial.

The Economic Times

Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly

Europe, Asia, and Africa all face potentially dire jet fuel shortages. "There is little doubt there is going to be a disaster,” says one economist.

Fortune

The Iran war is either concluding with the world worse off, or escalation is just delayed again

Iran aims to control the Strait of Hormuz choke point for the foreseeable future with or without a ceasefire, experts said.

Fortune

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read the most diverse news in one place.

Controlling the Strait of Hormuz is the top priority in Iran and Trump may abandon it. Here’s what that would look like

Ceding control of the Strait of Hormuz would represent a U.S. defeat worse than Vietnam, one critic said.

Fortune

Growing concern as oil and gas prices rapidly rise amid escalating Iran conflict

Prices surged higher and showed no signs of halting as Iran conflict enters second week

The Independent UK

Trump loves cheap gas—but a military conflict in Iran could nearly double your price at the pump

As Trump builds the biggest military force since 2003 outside Iran, the U.S. impacts could swing from $2.50 to $5 gasoline.

Fortune

Why the US has designs on Venezuela's oil

Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro

The Independent UK

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Revealed: Forecasts of greenhouse gas emissions from fossil fuels soar in Trump’s first 100 days

Even as Trump’s pledge to ‘drill, baby, drill’ is hampered by tariff chaos, analysis shows surge in planet-heating emissions

The Guardian - US

In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%

The 'bloom is off the rose' for Trump and the energy sector as stocks and prices plunge

Fortune

Drivers are stuck in limbo as world's oil supply reshuffles

Drivers in the U.S., Europe and elsewhere are getting a break from the record-high pump prices that they endured over the summer

The Independent UK

EXPLAINER: What's the effect of Russian oil price cap, ban?

The deadline is looming for Western allies to agree on a price cap on Russia oil

The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

Europe is discussing a boycott of Russian oil over the Kremlin's invasion of Ukraine

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