Major oil storage sites in Saudi Arabia are filling rapidly as the key export route through the Strait of Hormuz effectively remains closed to shipping, according to geospatial analytics company Kayrros. The Ju’aymah terminal on the country’s east coast “was quickly running out of spare capacity” as of March 1, Kayrros co-founder and chief analyst Antoine Halff wrote in a post on LinkedIn. Four of...
Major oil storage sites in Saudi Arabia are filling rapidly as the key export route through the Strait of Hormuz effectively remains closed to shipping, according to geospatial analytics company Kayrros. The Ju’aymah terminal on the country’s east coast “was quickly running out of spare capacity” as of March 1, Kayrros co-founder and chief analyst Antoine Halff wrote in a post on LinkedIn. Four of the six tanks at the Ras Tanura refinery — halted after attacks by Iran this week — were full, he said. Iraq has started shutting oil production at its biggest fields due to the closure of the strait, and Halff said spare storage capacity at the Basrah terminal was less than two days of exports. OPEC’s second-biggest producer has very few tanks compared with output levels and exports, he added. “Iraq’s low storage capacity is a structural vulnerability,” Halff wrote. “Others are poised to follow if the blockage of the Strait continues.” Overall, aggregate onshore storage capacity across the five Arab producers in the Gulf is roughly 350 million barrels, he said. As of March 1, observed crude stockpiles in those countries was about 175 million barrels. Operational capacity rarely exceeds 80% of nameplate levels, Halff added.
Nancy Mace And Ilhan Omar Go Full Jerry Springer Over Iran Authored by Steve Watson via Modernity.news, Rep. Nancy Mace obliterated Ilhan Omar on X after the Somali-born Democrat raged about U.S. strikes on Iran during Ramadan, escalating calls to expose Omar’s alleged immigration fraud and boot her back to Somalia. The feud erupted over the weekend when Mace trolled Omar and fellow Squad member R...
Nancy Mace And Ilhan Omar Go Full Jerry Springer Over Iran Authored by Steve Watson via Modernity.news, Rep. Nancy Mace obliterated Ilhan Omar on X after the Somali-born Democrat raged about U.S. strikes on Iran during Ramadan, escalating calls to expose Omar’s alleged immigration fraud and boot her back to Somalia. The feud erupted over the weekend when Mace trolled Omar and fellow Squad member Rashida Tlaib, sending them “thoughts and prayers” over the confirmed death of Iran’s Ayatollah in the U.S. strikes. My heart goes out to Ilhan Omar and Rashida Tlaib tonight. Sending them thoughts and prayers. pic.twitter.com/8CLlk18Q7D — Rep. Nancy Mace (@RepNancyMace) March 1, 2026 Omar fired back, accusing Mace of being drunk: “I hope you aren’t drunk and took your staff’s advice, Rashida and I don’t know this man and feel confident he didn’t care about us. Please restrain from drinking too much as you have been warned from your staff and stay off social media when you are drunk. I pray in his holy month you find peace and respect for your self.” I hope you aren’t drunk and took your staff’s advice, Rashida and I don’t know this man and feel confident he didn’t care about us. Please restrain from drinking too much as you have been warned from your staff and stay off social media when you are drunk. I pray in his holy… https://t.co/s4kpye5QVg — Ilhan Omar (@IlhanMN) March 1, 2026 Mace then hit Omar with a direct reference to long-standing allegations of marrying her brother for immigration fraud. So tell me, what was it like being married to your brother? https://t.co/N9pYmHEiAa — Rep. Nancy Mace (@RepNancyMace) March 1, 2026 Mace doubled down Sunday on NewsMax with Ed Henry, dismissing Omar’s complaints about the timing of the strikes. “I don’t give a damn if it’s Ramadan. I don’t care if Muslims are fasting right now,” Mace said, adding “This was the right time with the right Intel, the right President, to go in there and do this.” She then called for action: “I’m ready...
Around a fifth of the world's oil and gas usually flows through the narrow waterway between Iran and the United Arab Emirates (UAE), but traffic has almost entirely halted following Iran's threats to "set fire" to ships.
Around a fifth of the world's oil and gas usually flows through the narrow waterway between Iran and the United Arab Emirates (UAE), but traffic has almost entirely halted following Iran's threats to "set fire" to ships.
Roy Cooper, Michael Whatley set to compete for a high stakes North Carolina U.S. Senate seat toggle caption Nathan Howard/Getty Images North America The matchup in one of the most competitive U.S. Senate races in the 2026 midterms is set, as Democrat Roy Cooper and Republican Michael Whatley clinched their parties' primary nominations Tuesday. That's according to AP race calls in the Democratic an...
Roy Cooper, Michael Whatley set to compete for a high stakes North Carolina U.S. Senate seat toggle caption Nathan Howard/Getty Images North America The matchup in one of the most competitive U.S. Senate races in the 2026 midterms is set, as Democrat Roy Cooper and Republican Michael Whatley clinched their parties' primary nominations Tuesday. That's according to AP race calls in the Democratic and GOP primaries. Cooper, the state's popular former governor, is hoping to flip the seat held by outgoing Republican Sen. Thom Tillis. He'll face former Republican National Committee chairman Michael Whatley, whom President Trump endorsed for that position. A victory for Cooper and Democrats in the battleground of North Carolina is nearly essential for the party to potentially regain control of the Senate. toggle caption Andrew Harnik/Getty Images North America As control of Congress hangs in the balance this November, North Carolina's Republican-controlled legislature pushed to further gerrymander the state's Congressional districts in an effort to retain the House majority. Sponsor Message Republicans hold 10 of North Carolina's 14 U.S. House districts, with only one of them nominally competitive in a typical year. Still, the state is one of a few national battlegrounds where voters have split their ticket recently, supporting Trump when he campaigned for reelection and electing Democrat Josh Stein as governor in 2024 to replace Cooper. Historically, the party in power typically loses ground during midterm elections, and with Trump facing record low approval ratings, there are several primary results that could have an impact on control of Congress after November's general election. Here are some of the key races the NPR Network are monitoring tonight: North Carolina's 4th District As the Democratic Party searches for its national identity in the aftermath of the 2024 presidential election where Republicans made gains with key voting blocs, including young Americans, the ...
The energy sector has remained a safe-haven as the U.S and Israel’s conflict with Iran continues to escalate. Geopolitical tensions in the Middle East have led to broader market volatility, with crude oil prices rising because the Iran conflict has created a sudden and significant risk of supply disruption, especially around the Strait of Hormuz, the world’s most critical oil chokepoint. Even thou...
The energy sector has remained a safe-haven as the U.S and Israel’s conflict with Iran continues to escalate. Geopolitical tensions in the Middle East have led to broader market volatility, with crude oil prices rising because the Iran conflict has created a sudden and significant risk of supply disruption, especially around the Strait of Hormuz, the world’s most critical oil chokepoint. Even though Iran produces only a modest share of global crude, its geographic position gives it enormous leverage over global flows. Keeping this in mind, the energy sector is the top-performing sector this year, boosted by a nearly 30% surge in crude prices amid disruptions in the Middle East. Notably, the performance of the broader Zacks Oils & Energy Market is not too far behind, impressively outperforming the S&P 500’s virtually flat YTD return and the Nasdaq’s decline of 3%. Image Source: Yahoo Finance Big Oil Stocks are at 52-week Highs Energy stocks with the strongest upside from the Iran conflict are those most leveraged to crude oil price spikes and potential supply disruptions through the Strait of Hormuz. The conflict has already pushed Brent and WTI crude prices to multi-month highs of over $70 a barrel, and investors have rotated heavily into large-cap integrated oil companies, U.S. shale producers, and refiners. It’s no surprise that Chevron CVX and Exxon Mobil XOM have led the wave of integrated oil stocks reaching 52-week highs, having international operations that span the entire value chain of oil production, refining, and distribution. Occidental Petroleum OXY is another integrated oil producer that has recently seen its stock hit a new one-year peak and trades at a more affordable price tag of $53 a share, although its shale production is primarily in the U.S. Regarding oil refiners, Marathon Petroleum MPC, Phillips 66 PSX , and Valero Energy VLO are noteworthy names that are near 52-week peaks as well. All of these big oil stocks currently land a Zacks Rank #3 (...