Geopolitics

The US House passed a bill letting the President impose up to 100% tariffs on countries buying Russian crude. Russia supplies over 30% of India’s oil imports.

The Pentagon has spent over $38 billion fighting Iran, with equipment losses at $3.7 billion. The CBO warns costs could climb $2-3 billion more each month.

BRICS leaders call for ‘maximum restraint’ in the US-Iran conflict as Saudi output falls to 6 million bpd and a key pipeline outage threatens 4% of global oil supply.

The Breakwave Tanker Shipping ETF has surged roughly 3,600% year-to-date as Iran keeps the Strait of Hormuz restricted and Houthis seize a key Red Sea port.

BRICS’ 10 nations issued a 45-page joint statement criticizing US tariffs, sanctions and the West Asia war, exposing rifts over oil and trade.

Crude surges past $100 a barrel after Houthi rebels seize the Bab al-Mandeb Strait, while BRICS leaders in New Delhi push de-dollarization and Trump threatens 30% tariffs on EU imports. Here is what it means for your money.

Acting Navy Secretary Hung Cao confirms Naval Support Activity Bahrain was damaged during the Iran conflict, fueling debate over the sustainability of US Gulf military posture.

Seven months into the US-Iran war, the Strait of Hormuz and Bab al-Mandab are becoming unsafe for tankers, driving Saudi oil exports to their lowest level in over 13 years.

Brent crude jumps over 6% and Strait of Hormuz traffic thins to single digits as Houthi forces seize Mocha, stoking fresh fears for global energy supply chains.

Iranian strikes damage US aircraft in Jordan while Washington destroys 10 Iranian tankers in a week. Here’s what the Strait of Hormuz escalation means for oil prices and your portfolio.