BREAKING: Gulf crude production drops 14.5 million barrels per day, a 57% decline from pre-war levels, according to Goldman Sachs. Analysts warn that output recovery may take months even after the Strait of Hormuz reopens.

U.S. UN Representative says Iran faces oil storage capacity shortages that may force the regime to shut down oil wells.

The U.S. Representative to the United Nations stated that the Iranian regime is facing a shortage in oil storage capacity and may soon be forced to shut down oil wells.

Global summit on fossil fuel phase-out begins in Colombia as nations navigate an acute energy crisis.

The first global summit focused on phasing out fossil fuels has commenced in Colombia, as participating nations address an ongoing energy crisis.

Cuba receives 100,000-metric-ton oil shipment from Russia to address ongoing power blackouts. Energy Minister Vicente de la O Levy warns the relief will be short-lived.

Cuba has received a 100,000-metric-ton oil shipment from Russia, providing temporary relief from power blackouts. Energy Minister Vicente de la O Levy stated that the relief provided by the shipment will be short-lived.