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India Condemns Iran Attack on Fujairah as Oil Prices Surge May 5, 2026
India has called for an end to the hostilities in the Middle East, condemning Iran for its recent attack on the port of Fujairah - a vital oil hub that sits right outside the Strait of Hormuz. Three Indian nationals were injured during the attack, New Delhi said. In an official statement released today, the […]
Chevron CEO Warns of Emerging Physical Shortages in Crude Oil May 5, 2026
Signs of physical shortages in crude oil are emerging, the chief executive of Chevron warned this week, noting that this will first hit Asian economic growth. “We will start to see physical shortages,” Mike Wirth said at an event, as quoted by Reuters. “Demand needs to move to meet supply,” Wirth also said, adding, “Economies […]
How China Killed Every Rare Earth Competitor Before It Could Get Started May 5, 2026
China’s most effective weapon in the rare earth war wasn’t a missile, a tariff, or a trade embargo. It was a price tag. For more than two decades, Beijing has used a remarkably simple strategy to maintain its stranglehold on the global rare earth supply chain: whenever a Western company would get serious about building […]