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News 2026-07-15 06:35 UTC

Trump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline

President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open. Data reveals that a severe global refining shortage has left approximately 10% of global refining capacity offline. A ‘FULL Blockade’ and Gulf Deals Trump took to Truth Social

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News 2026-07-12 17:16 UTC

Global Oil Demand Starts Rebound, IEA Warns Hormuz Still Unstable

Global energy demand has started to recover as oil shipments through the Strait of Hormuz partially resumed in June, the International Energy Agency (IEA) said. Renewed fighting between the US and Iran has added uncertainty to that outlook and international crude prices. Oil consumption has rebounded from a May low, th

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Trump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline

Global Oil Demand Starts Rebound, IEA Warns Hormuz Still Unstable