Energy News Beat Yemen’s Iran-aligned Houthi forces claimed a ballistic missile strike on the Saudi-flagged VLCC Amzan (IMO 9693745, Bahri-owned, approximately 320,926 deadweight tons, built 2014) in the northern Red Sea off Yanbu on August 24, 2026. The attack formed part of the group’s ongoing “siege for siege” campaign enforcing a maritime ban on Saudi-linked […]
Energy News Beat WASHINGTON — On August 24, 2026, U.S. Treasury Secretary Scott Bessent announced the launch of “Operation Economic Outcast,” describing it as an unprecedented campaign to sever Iran’s remaining economic lifelines. Speaking at a press conference, Bessent stated: “Today, at President Trump’s direction, the United States Treasury has begun Operation Economic Outcast… Our […]
Energy News Beat An Iran-linked cyberattack shut down a small-scale energy generator in the United Kingdom for four days in July 2026, marking what officials and reports describe as the first successful infiltration of a UK energy facility by Iranian-affiliated hackers. The incident, first detailed by The Telegraph and confirmed by UK authorities, involved no […]
Energy News Beat In this episode of the Energy Realities podcast, hosts Stu Turley, Dr. Tammy Nemeth, and David Blackmon tackle the most pressing energy security challenges facing the Western world today. From the UK’s crumbling electrical grid infrastructure to record-breaking diesel price spikes that threaten global supply chains, the conversation reveals a troubling pattern: […]
Energy News Beat Diesel refining margins—known as crack spreads—have exploded to extreme levels across the three major refining hubs, signaling a tightening global middle distillate market that is only in its early stages. As of late August 2026, the US Gulf Coast ultra-low sulfur diesel (ULSD) crack versus WTI stood near $93–94 per barrel (after […]
Energy News Beat HF Sinclair Corporation (NYSE: DINO) just delivered its strongest quarterly results in years while simultaneously announcing it will retire the base oil refining assets at its Mississauga, Ontario facility—Canada’s largest (and essentially only significant) producer of Group II and Group III base oils. The decision comes amid a highly profitable lubricants segment, […]
