{"id":433251,"date":"2026-03-22T19:21:45","date_gmt":"2026-03-22T18:21:45","guid":{"rendered":"https:\/\/climatescience.press\/?p=433251"},"modified":"2026-03-22T19:21:48","modified_gmt":"2026-03-22T18:21:48","slug":"trump-temporarily-eases-russian-oil-sanctions-to-counter-iran-war-price-surge","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=433251","title":{"rendered":"Trump Temporarily Eases Russian Oil Sanctions to Counter Iran War Price Surge"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"687\" height=\"1024\" data-attachment-id=\"433252\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=433252\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?fit=784%2C1168&amp;ssl=1\" data-orig-size=\"784,1168\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0 Trump Temporarily Eases Russian Oil Sanctions to Counter Iran War Price Surge\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?fit=687%2C1024&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?resize=687%2C1024&#038;ssl=1\" alt=\"\" class=\"wp-image-433252\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?resize=687%2C1024&amp;ssl=1 687w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?resize=201%2C300&amp;ssl=1 201w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?resize=768%2C1144&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?resize=640%2C953&amp;ssl=1 640w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Trump-Temporarily-Eases-Russian-Oil-Sanctions-to-Counter-Iran-War-Price-Surge.jpg?w=784&amp;ssl=1 784w\" sizes=\"auto, (max-width: 687px) 100vw, 687px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">In early March 2026, amid an ongoing U.S.-Israeli conflict with Iran that disrupted shipping through the Strait of Hormuz (severely limiting Middle Eastern oil flows and driving Brent crude prices above $100 per barrel, near highs not seen since 2022), the U.S. Treasury Department issued a temporary 30-day waiver.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This allowed countries to purchase and receive Russian crude and petroleum products that were already loaded on tankers and stranded at sea as of around March 12, 2026. The waiver expires around April 11, 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The measure targeted roughly 120\u2013130 million barrels of Russian oil already afloat (equivalent to a limited short-term boost to global supply, perhaps a few days&#8217; worth of disrupted flows through Hormuz).<\/li>\n\n\n\n<li>It followed an initial narrower waiver for Indian refineries.<\/li>\n\n\n\n<li>Treasury Secretary Scott Bessent described it as a &#8220;narrowly tailored, short-term&#8221; step to stabilize energy markets and curb price spikes caused by the Iran war, not a broad or permanent lifting of sanctions.<\/li>\n\n\n\n<li>The Kremlin welcomed the move, with Russian officials claiming it acknowledged the necessity of Russian supply for global stability, while providing some financial relief to Moscow.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>However, the impact has been limited so far:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Oil prices remained elevated (around or above $100\u2013$112 per barrel in mid-to-late March reports), suggesting the waiver hasn&#8217;t flooded markets or significantly lowered prices yet.<\/li>\n\n\n\n<li>Critics, including European leaders, U.S. Democrats (e.g., Sen. Adam Schiff and others), and pro-Ukraine groups, condemned it as counterproductive\u2014potentially enriching Russia amid its war in Ukraine and undermining prior sanctions pressure.<\/li>\n\n\n\n<li>Some reports framed it dramatically as Russian oil &#8220;poised to flood&#8221; markets, but analysts noted it&#8217;s a targeted, time-bound relief for existing cargoes rather than a full reopening of flows.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This is tied to broader efforts to mitigate economic fallout from the Iran conflict, including similar temporary reprieves considered or applied to Iranian oil in some cases. No evidence points to a permanent or full lift of sanctions on Russian oil exports as of late March 2026\u2014the actions remain emergency-oriented and limited in scope.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">__________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Russian Oil Poised To Flood World Markets As Trump Admin Lifts Sanctions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/dailycaller.com\/2026\/03\/17\/russian-oil-china-state-companies-india-trump-iran\/\">THE DAILY CALLER<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/wattsupwiththat.com\/wp-content\/uploads\/2023\/03\/image-205.png?resize=528%2C50&amp;quality=75&amp;ssl=1\" alt=\"Daily Caller News Foundation\" class=\"wp-image-10239521\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/dailycaller.com\/author\/SHustedde\" target=\"_blank\" rel=\"noreferrer noopener\">Sean Hustedde<\/a><br>Contributor<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Trump administration is lifting sanctions on Russian oil to counter Iran\u2019s stranglehold on Middle Eastern energy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The U.S. began Operation Epic Fury on Feb. 28,&nbsp;<a href=\"https:\/\/dailycaller.com\/2026\/03\/02\/trump-us-decapitated-iranian-leadership-ate-breakfast\/?utm_medium=organic&amp;utm_campaign=related&amp;utm_source=website\" target=\"_blank\" rel=\"noreferrer noopener\">killing<\/a>&nbsp;Iranian Supreme Leader Khamanei and striking key military locations in the Islamic Republic. Iran\u2019s retaliatory strikes caused tanker traffic through the Strait of Hormuz to plummet, dramatically&nbsp;<a href=\"https:\/\/dailycaller.com\/2026\/03\/06\/us-economy-energy-oil-gas-hormuz-iran\/\" target=\"_blank\" rel=\"noreferrer noopener\">increasing<\/a>&nbsp;prices and prompting the Trump administration to temporarily lift Russian oil sanctions.&nbsp;<strong><a href=\"https:\/\/dailycaller.com\/2026\/03\/14\/iran-abbas-araghchi-claims-all-countries-ships-use-strait-hormuz-except-israel-united-states-ayman-mohyeldin-ms-now\/?utm_medium=organic&amp;utm_campaign=related&amp;utm_source=website\" target=\"_blank\" rel=\"noreferrer noopener\">(RELATED:&nbsp;<\/a><\/strong><a href=\"https:\/\/dailycaller.com\/2026\/03\/14\/iran-abbas-araghchi-claims-all-countries-ships-use-strait-hormuz-except-israel-united-states-ayman-mohyeldin-ms-now\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Iran Claims Ships From All Countries May Transit Strait Of Hormuz, Except Israel, US)<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The U.S. Department of the Treasury&nbsp;<a href=\"https:\/\/ofac.treasury.gov\/media\/935101\/download?inline\" target=\"_blank\" rel=\"noreferrer noopener\">gave<\/a>&nbsp;a temporary 30-day waiver on Russian oil sanctions March 5 to allow for Indian refineries to purchase Russian crude oil already in transit on the sea. The U.S. Treasury&nbsp;<a href=\"https:\/\/ofac.treasury.gov\/media\/935191\/download?inline\" target=\"_blank\" rel=\"noreferrer noopener\">announced<\/a>&nbsp;on March 12 the temporary tariff suspension would apply to all countries until April 5.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">.<a href=\"https:\/\/twitter.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a>&nbsp;is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To increase the global reach of existing supply,&nbsp;<a href=\"https:\/\/twitter.com\/USTreasury?ref_src=twsrc%5Etfw\">@USTreasury<\/a>&nbsp;is providing a temporary\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2014 Treasury Secretary Scott Bessent (@SecScottBessent)&nbsp;<a href=\"https:\/\/twitter.com\/SecScottBessent\/status\/2032240591442960393?ref_src=twsrc%5Etfw\">March 12, 2026<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Over 130 million barrels of Russian crude oil remained on the sea as of March 6,&nbsp;<a href=\"https:\/\/www.kpler.com\/blog\/us-waiver-on-russian-crude-offers-near-term-relief-for-indias-crude-hunt-not-a-fix\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a>&nbsp;to a report by Kpler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. Secretary of the Treasury Scott Bessent&nbsp;<a href=\"https:\/\/youtu.be\/TieI8GBcwTo?si=VhoOGOPVvJWRYCPb&amp;t=1868\" target=\"_blank\" rel=\"noreferrer noopener\">said<\/a>&nbsp;the U.S. put immense pressure on India through a 25% tariff to get the nation to stop buying Russian crude oil in January interview at the World Economic Forum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bessent said allowing for the Indian refineries to buy in transit Russian crude oil was an inevitability because they were a quick crude oil source and would limit oil flow to China in a podcast interview&nbsp;<a href=\"https:\/\/youtu.be\/zq_L011kMLs?si=M39DEpSJtIpwarui&amp;t=1625\" target=\"_blank\" rel=\"noreferrer noopener\">posted<\/a>&nbsp;March 12.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The U.S. Department of the Treasury&nbsp;<a href=\"https:\/\/x.com\/SecScottBessent\/status\/2032240591442960393?s=20\" target=\"_blank\" rel=\"noreferrer noopener\">referred<\/a>&nbsp;to Bessent\u2019s X post on the sanctions when reached for comment by the Daily Caller News Foundation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Trump administration agreed to lower the 25% tariffs on Indian imports as the Indian government agreed to scale back their purchases of Russian crude oil in February,&nbsp;<a href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/oil-and-gas\/india-to-reduce-russian-oil-imports-amid-us-trade-agreement\/128061428\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a>&nbsp;to a report by the Economic Times Energyworld.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chinese state-run oil companies Sinopec and PetroChina began exploring Russian crude oil purchases following the lifting of sanctions,&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/energy\/china-oil-majors-resume-seeking-russian-oil-after-4-month-halt-sources-say-2026-03-17\/\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a>&nbsp;to a report by Reuters. Two trade sources told Reuters that no deals had been struck as of Tuesday but Russian crude oil seemed to be the favored alternative due to it being cheaper than other alternatives like Brazil and West Africa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Chinese oil companies stopped purchasing Russian oil in late October to comply with the Trump administration\u2019s sanctions on the Russian oil companies&nbsp;<a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0290\" target=\"_blank\" rel=\"noreferrer noopener\">Rosneft and Lukoil<\/a>, according to Reuters.&nbsp;<strong><a href=\"https:\/\/dailycaller.com\/2026\/03\/16\/palmer-luckey-warns-us-lead-over-china-in-ai-is-extremely-small\/?utm_medium=organic&amp;utm_campaign=related&amp;utm_source=website\" target=\"_blank\" rel=\"noreferrer noopener\">(RELATED:&nbsp;<\/a><a href=\"https:\/\/dailycaller.com\/2026\/03\/16\/palmer-luckey-warns-us-lead-over-china-in-ai-is-extremely-small\/\" target=\"_blank\" rel=\"noreferrer noopener\">Palmer Luckey Warns US Lead Over China In AI Is \u2018Extremely Small\u2019)&nbsp;<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Indonesian Energy Minister Bahil Lahadalia told reporters Monday that<strong>&nbsp;<\/strong>that the country is considering Russian crude acquisitions during the U.S. sanctions reprieve,&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/energy\/indonesia-eyes-oil-purchases-russia-media-report-2026-03-17\/\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a>&nbsp;to reporting by Reuters. Indonesian Senior Economic Minister Airlangga Hartarto told reporters the government will likely have to cut spending from the budget to meet rising oil prices, rather than enter into a deficit,&nbsp;<a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/indonesia-says-budget-cuts-will-be-first-response-oil-price-rise-not-fiscal-2026-03-16\/\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a>&nbsp;to a Reuters report.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Atlantic Council\u2019s Eurasia Center Senior Fellow Edward Fishman&nbsp;<a href=\"https:\/\/www.nytimes.com\/2026\/03\/12\/us\/politics\/trump-russia-oil-sanctions.html\" target=\"_blank\" rel=\"noreferrer noopener\">told<\/a>&nbsp;The New York Times that Russian oil sanctions would likely not impact the global oil price, noting that Russia\u2019s oil delivery to Indian refineries made little to no difference to the market. Fishman said Russian oil prices had been rising since the Iran war\u2019s beginning and there could be a likelihood of an indefinite sanctions suspension against Russian oil.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before sanctions were lifted, Russian \u201cshadow fleet\u201d oil tankers were seen moving through the Gulf of Oman following the war with Iran. The M\/V Trust oil tanker, a ship with a documented history of sanctions evasion, met an unidentified tanker on March 3 with its automatic identification system turned off in the Gulf of Oman,&nbsp;<a href=\"https:\/\/windward.ai\/knowledge-base\/russian-shadow-fleet-tanker-conducts-semi-dark-sts-transfer-in-the-gulf-of-oman\/\" target=\"_blank\" rel=\"noreferrer noopener\">according<\/a>&nbsp;to a Windward report. The meeting between the two ships showed characteristics common to a dark ship-to-ship transfer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In early March 2026, amid an ongoing U.S.-Israeli conflict with Iran that disrupted shipping through the Strait of Hormuz (severely limiting Middle Eastern oil flows and driving Brent crude prices above $100 per barrel, near highs not seen since 2022), the U.S. Treasury Department issued a temporary 30-day waiver. This allowed countries to purchase and receive Russian crude and petroleum products that were already loaded on tankers and stranded at sea as of around March 12, 2026. The waiver expires around April 11, 2026.<\/p>\n","protected":false},"author":121246920,"featured_media":433252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818341,691822760,691841977,691841777,691818603,691841976,691841779],"class_list":["post-433251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-china","tag-crude-oil","tag-global-oil-price","tag-iran-war","tag-russia","tag-russia-sanctions","tag-strait-of-hormuz","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1OHV","jetpack-related-posts":[{"id":430190,"url":"https:\/\/climatescience.press\/?p=430190","url_meta":{"origin":433251,"position":0},"title":"Strait of Hormuz Siege: How a Prolonged Middle East War Could Cripple Global Energy Supplies","author":"uwe.roland.gross","date":"03\/08\/2026","format":false,"excerpt":"The Strait of Hormuz is one of the world's most strategically important waterways, often called the planet's premier oil chokepoint due to its role in global energy supplies. This makes it a critical vulnerability for global energy security disruptions here can spike prices worldwide and affect economies far beyond the\u2026","rel":"","context":"In \"Domestic Energy Procution\"","block_context":{"text":"Domestic Energy Procution","link":"https:\/\/climatescience.press\/?tag=domestic-energy-procution"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Strait-of-Hormuz-Siege.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Strait-of-Hormuz-Siege.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Strait-of-Hormuz-Siege.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Strait-of-Hormuz-Siege.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Strait-of-Hormuz-Siege.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":436282,"url":"https:\/\/climatescience.press\/?p=436282","url_meta":{"origin":433251,"position":1},"title":"Crude Oil and LNG Face Worst-Possible Scenario as Hormuz Crisis Deepens: Russell","author":"uwe.roland.gross","date":"04\/01\/2026","format":false,"excerpt":"Russell notes that markets have avoided the absolute catastrophe so far, but the current situation is dangerous enough: limited spare capacity elsewhere cannot quickly replace lost Gulf volumes, especially for certain crude grades and LNG.","rel":"","context":"In \"crude oil and natural gas\"","block_context":{"text":"crude oil and natural gas","link":"https:\/\/climatescience.press\/?tag=crude-oil-and-natural-gas"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-Crude-Oil-and-LNG-Face-Worst-Possible-Scenario-as-Hormuz-Crisis-Deepens-Russell1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-Crude-Oil-and-LNG-Face-Worst-Possible-Scenario-as-Hormuz-Crisis-Deepens-Russell1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-Crude-Oil-and-LNG-Face-Worst-Possible-Scenario-as-Hormuz-Crisis-Deepens-Russell1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-Crude-Oil-and-LNG-Face-Worst-Possible-Scenario-as-Hormuz-Crisis-Deepens-Russell1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-Crude-Oil-and-LNG-Face-Worst-Possible-Scenario-as-Hormuz-Crisis-Deepens-Russell1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":431438,"url":"https:\/\/climatescience.press\/?p=431438","url_meta":{"origin":433251,"position":2},"title":"&#8216;Most Powerful Raid in Middle East History&#8217;: US Hammers Kharg Island Military Assets, Holds Oil in Reserve","author":"uwe.roland.gross","date":"03\/15\/2026","format":false,"excerpt":"Kharg Island (also spelled Khargh or Khark) is a small island in the Persian Gulf, approximately 25 km off Iran's southern coast, and it serves as Iran's primary oil export hub.Recent developments (as of mid-March 2026) indicate that U.S. forces conducted large-scale precision strikes on the island on Friday, March\u2026","rel":"","context":"In \"Kharg Island\"","block_context":{"text":"Kharg 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https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Most-Powerful-Raid-in-Middle-East-History-US-Hammers-Kharg-Island-Military-Assets-Holds-Oil-in-Reserve1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Most-Powerful-Raid-in-Middle-East-History-US-Hammers-Kharg-Island-Military-Assets-Holds-Oil-in-Reserve1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":441220,"url":"https:\/\/climatescience.press\/?p=441220","url_meta":{"origin":433251,"position":3},"title":"Tanker HELGA Arrives at Iraq\u2019s Basra Terminal to Load 2 Million Barrels of Crude \u2013 Second Since Hormuz Closure","author":"uwe.roland.gross","date":"04\/24\/2026","format":false,"excerpt":"The Comoros-flagged oil tanker HELGA (a very large crude carrier, or VLCC) arrived at one of Iraq\u2019s southern offshore oil loading terminals near Basra on Friday (April 24, 2026). 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