One-third of the world's oil shipments could soon be in jeopardy as Iran's Yemeni allies escalate their stranglehold on critical shipping lanes, with leaders warning that closing the Bab-el-Mandeb Strait to Israel is only the beginning.
The Department of the Interior is taking steps to streamline the permitting process for oil and gas infrastructure in Alaska's National Petroleum Reserve.
The United States announced that it will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated prices.
The final oil tanker from the Middle East arrived at the Port of Long Beach on Monday, and California's oil industry unloaded on the state's Democratic leadership the same day it arrived.
U.S. forces boarded a sanctioned oil tanker in the Indian Ocean overnight Tuesday, seizing the vessel as part of ongoing efforts to cut off Iran's illicit crude oil exports amid a ceasefire that expires Wednesday.
