Trump’s Friends Are Already Signing Deals to Take Venezuela’s Oil – Mother Jones

Chevron is first in line. ExxonMobil—and a company led by a Trump adviser—look to be next.

 https://www.motherjones.com/politics/2026/09/trump-venezuela-chevron-exxonmobil-continental-oil-deal/

 

California lawmakers move to shield the coast from Trump's oil agenda - POLITICO

“Trump is threatening California’s coast in pursuit of reckless offshore oil and gas extraction to pad the wallets of his corrupt oil cronies,” Newsom said in a statement earlier this month…

 https://www.politico.com/news/2026/08/28/california-coast-trump-oil-01055337

 

Ukraine’s drone attacks have left Russia desperately scrambling for oil imports

The once world-leading producer of crude oil has plunged into an energy crisis as Kyiv targets its refineries…

 https://www.theguardian.com/world/2026/aug/27/ukraines-drone-attacks-have-left-russia-desperately-scrambling-for-oil-imports 

 

Trump plan to allow drilling near US world heritage site sparks alarm

Administration’s plan to scrap drilling-free buffer zone around New Mexico site prompts scrutiny from Unesco…

 https://www.theguardian.com/us-news/2026/aug/20/trump-oil-drilling-world-heritage-site-new-mexico

 

Greenland issues ‘strong warning’ as Trump-linked oil firm prepares to drill

Island’s government says no approval given after Greenland Energy brings kit ashore for exploratory drilling…

 https://www.theguardian.com/world/2026/aug/08/greenland-iwarning-trump-linked-oil-firm-prepares-drill 

The Iran War’s Other Bill—And You’re Paying It – Mother Jones

Oil is used to make plastics and petrochemicals, so higher prices are already starting to work their way into the cost of everything from stuffed animals, diapers, and baby wipes to crayons, bottled water, soft drinks, and clothing...

 https://www.motherjones.com/politics/2026/08/the-iran-wars-other-bill-and-youre-paying-it/

Oil passes $100 a barrel again and shares slide as Middle East conflict escalates

Sharp rise in oil price reflects fears Houthi militias could strangle Saudi exports as US-Iran fighting intensifies…

 https://www.theguardian.com/business/2026/jul/23/oil-price-passes-100-a-barrel-again-as-middle-east-conflict-escalates 

 

License to drill? How a Trump-linked Texas oil company is elbowing its way into Greenland

Greenland Energy says billions of barrels of crude could lie beneath territory and claims it has permission to bring drilling kit ashore – a claim denied by Nuuk…

 https://www.theguardian.com/world/2026/jul/09/licence-to-drill-trump-linked-texas-oil-company-elbowing-into-greenland

 

‘It’s over’: Oil markets back on edge after US and Iran shred ceasefire - POLITICO

Resumed hostilities reversed a monthlong drop in fuel prices...

 https://www.politico.com/news/2026/07/08/iran-oil-ceasefire-prices-00990185

Has the US really carried out a secret mission to get oil through Hormuz?

“Things are going to get worse,” according to Jan Stuart, global energy economist and strategist at Piper Sandler. He expects the price of Brent crude to average $130 a barrel in July and August as global oil inventories continue to sink and demand for fuels during the summer driving season rises...

 https://www.theguardian.com/world/2026/jun/12/us-secret-mission-oil-hormuz-trump-iran-blockade

 

Treasury extends Russian oil sanctions waiver for another month - POLITICO

The Trump administration will extend for another month a waiver allowing the sale of Russian crude already loaded on tankers, Treasury Secretary Scott Bessent said Monday…

 https://www.politico.com/news/2026/05/18/treasury-extends-russian-oil-sanctions-waiver-for-another-month-00926158 

Trump says US navy like ‘pirates’ while seizing a ship in Iranian blockade

US president says ‘we took over the cargo, took over the oil. It’s a very profitable business’…

https://www.theguardian.com/world/2026/may/02/trump-us-navy-pirates-iran-blockade 

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

“The only effective path to energy and economic security is homegrown clean energy. All political parties should now be uniting around that mission. Their failure to do so tells you a lot about whose interests they truly represent.”…

 https://www.theguardian.com/environment/2026/apr/24/global-oil-crisis-changed-fossil-fuel-industry-for-ever-iea-chief-fatih-birol 

 

The Oil Shock Is About To Get Much Worse

https://www.youtube.com/watch?v=f353QO5Dgus 

Escape route from Iran energy shock leads to China, U.S. allies find - POLITICO

But there’s also an obvious catch: The faster they move to decarbonize, the more they will have to rely on China to supply the necessary materials. After all, Beijing controls the overwhelming majority of the world’s clean technology and critical mineral supply. 

Governments, uneasy about the idea of swapping one dependence for another, are keenly aware of that fact. The question now is whether they’ll put those reservations aside in favor of bolstering their energy security or continue taking measures to protect their economies from China’s dominance…

https://www.politico.com/news/2026/04/20/iran-war-china-beijing-global-clean-energy-dominance-00880124 

Middle East ceasefire threatens to unravel as Israel assaults Lebanon and Iran blocks oil tankers

Inclusion of Lebanon is significant difference in interpretation of truce agreed at 11th hour on Tuesday…

https://www.theguardian.com/world/2026/apr/08/middle-east-ceasefire-doubt-israel-lebanon-iran-oil-tankers

 

I just got back from Cuba. Here's what I saw:

 https://www.youtube.com/shorts/uadzJv_88h8

As Iran war exposes global dependence on fossil fuels, the biggest emitters are reaping the rewards

 But the war in Iran, and the Ukraine war before it, have also exposed a sobering reality. Many of the world’s most powerful countries and biggest emitters are beneficiaries of high fossil fuel prices. The US oil and gas sector is set for a $60bn windfall from the war; soaring commodity prices have been a lifeline for Russia, whose economy was floundering under the strain of maintaining war in Ukraine but which has now had some sanctions lifted; Saudi Arabia has been struck by Iranian missiles and was forced to shut its biggest refinery but the share price of its national oil company, Aramco, has surged and its easily accessible reserves are reaping bumper returns. Iran’s oil revenues have increased, despite attacks on its infrastructure that have sent toxic acid rain pouring down on its people…

https://www.theguardian.com/environment/2026/apr/07/iran-war-global-dependence-fossil-fuels-biggest-emitters-reaping-rewards

 

Trump says he would ‘take the oil’ in Iran — except that Americans want the war to end - POLITICO

President Donald Trump on Monday said he would like to “take” Iran’s oil — but that he hasn’t because Americans want to see the war brought to a close. 

 “If I had my choice, I’d keep the oil. But I also want to make the people of our country happy,” Trump told reporters at the annual White House Easter egg roll.

He also called Americans who don’t support the war “foolish.”… 

 https://www.politico.com/news/2026/04/06/trump-says-he-would-take-the-oil-in-iran-but-the-american-public-wants-an-end-to-war-00860088

 

‘Fossil-fuel imperialism’: Trump’s hankering for Iranian oil runs deep

Experts say the US believes it is entitled to resources it desires – a perspective president has supported for decades…

 https://www.theguardian.com/us-news/2026/apr/01/trump-iran-oil-fossil-fuel-imperialism