Big Story: Iran's Revolutionary Guards Built a Revenue Machine That a Ceasefire Would Destroy
Iran's Revolutionary Guards Built a Revenue Machine That a Ceasefire Would Destroy Before the July 27 ceasefire opened any diplomatic space, the Iranian oil ministry had already spent years losing ground inside its own government. The displacement accumulated under financial pressure, as secondary s…
Opinion
Opinion: Airlines Are Anchoring to Last Quarter's Prices While Forward Markets Move On
United Airlines disclosed in mid-July that Middle East re-escalation has added nearly $6 billion to its expected fuel bill for full-year 2026, a figure released alongside second-quarter results showin…
Opinion: Halliburton Waited for the Oil Windfall. E&P Operators Are Keeping It.
Halliburton's shares fell 7.8% on July 21, the steepest single-session drop since April 2025, after the company guided its Completion and Production segment to flat-to-down 2% in the third quarter aga…
Opinion: Shell's £12.6bn Windfall Is Built on an Empty Buffer
At the start of July, the U.S. Strategic Petroleum Reserve held 307.7 million barrels, its lowest level in 43 years, below 44% of authorized capacity. That single number rewrites the second half of 20…