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Strait of Hormuz

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Strait of Hormuz

$9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens | Fortune 0
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- September 10, 2026
As U.S. prices for diesel fuel surge to all-time highs, some California pumps literally can’t price their diesel any higher—maxing out the display at $9.999 per gallon. Fuel-tracking firm GasBuddy reported Thursday that a small handful of California fueling stations hiked their retail diesel up to the maximum display pricing as the state’s overall diesel
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‘We worry now’: Oil tops $100, diesel hits record highs amid Iran war escalation | Fortune 0
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- September 10, 2026
Pockets of fuel shortages worldwide, continuing price spikes, and rising inflationary pressure are now more imminent amid the ongoing Iran war escalation and the continuing decline of global energy supplies, analysts said. On Wednesday, the global benchmark for crude oil topped $101 per barrel for the first time since July and the U.S. standard for
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Why Dubai has become a city of retail traders | Fortune 0
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- August 26, 2026
Welcome to this week’s Fortune Gulf Brief. Regular readers might notice a different author byline today, that’s because Melissa is taking a well-earned break although, knowing journalists, probably with one eye on her phone and what’s happening in the Gulf. Ordinary service resumes next week. Until then, I’m Inzamam Rashid, international journalist and broadcaster based
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Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve | Fortune 0
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- August 25, 2026
Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve | Fortune Dr. Siddharth Misra is a Professor at Texas A&M University and the CTO of AlterNature LLC. He specializes in physics-informed deep learning and sensing technologies for the exploration, development, and production of energy and earth resources. Dr. Misra
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The global ‘freedom of the seas’ is dying in the Strait of Hormuz—and everyone, everywhere, will pay the tolls | Fortune 0
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- August 18, 2026
Concerns are growing that the de-facto tolling of the Strait of Hormuz could trigger a domino effect for key shipping bottlenecks worldwide, creating more global inflation and effectively killing key components of international maritime law. As Iran insists on some form of fee structure for traversing the now-infamous strait—and the U.S. increasingly seems unable to
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Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream | Fortune 0
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- August 12, 2026
Iran’s hardline demand for a Strait of Hormuz fee system would generate close to $20 billion a year, but such astronomical tolls won’t be accepted by the U.S. or Iran’s Gulf neighbors, geopolitical and energy analysts say. That means the ongoing stalemate will drag on indefinitely or Iran will eventually accept a lesser, but still
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