Oil prices crossing $90 a barrel as this U.S.-Iran conflict widens feels like the punchline to a very dark, expensive joke that none of us asked for. Watching the numbers tick upward, I can’t help but be struck by the sheer hypocrisy surrounding the whole situation. It’s funny how, in the past, gas prices were framed as a national crisis when the political shoe was on the other foot, yet now that prices are climbing even higher—driven by what feels like entirely self-inflicted choices—there’s this deafening silence from the very people who used to scream the loudest. It’s as if we’ve all been conditioned to just accept this “short-term pain for long-term gain” narrative, a lie that’s being spouted so often it’s starting to feel like a permanent state of existence.… Continue reading
The U.S. Strategic Petroleum Reserve (SPR) is approaching its lowest volumes since 1983, with continued releases authorized to manage domestic prices and maintain oil exports. This depletion occurs as global commercial and strategic reserves also diminish, and critical shipping lanes remain disrupted. Energy analysts warn that this sustained drawdown leaves the administration with fewer tools to manage potential price shocks, raising concerns of a significant surge in fuel costs in the coming months.
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India and the United Arab Emirates have agreed to a significant energy partnership, with the UAE set to store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve. This collaboration aims to bolster India’s energy security amidst global supply vulnerabilities. Beyond oil reserves, both nations committed to exploring strategic gas reserves and long-term LPG supplies, underscoring a comprehensive energy strategy. The agreement was reached during Prime Minister Modi’s visit to Abu Dhabi, which also featured discussions on regional stability and secure trade routes.
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According to an analysis by the US Energy Information Administration, China significantly replenished its strategic oil reserves in 2025, adding an average of 1.1 million barrels per day to reach nearly 1.4 billion barrels by December. This build-up, which included both state and commercial reserves, continued into early 2026 before the onset of the conflict in Iran. The administration estimates that by December 2025, China’s state reserves approximated 360 million barrels, while its commercial reserves reached about 1 billion barrels.
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Matt Underwood 
John Q. Hosedrinker