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News & Articles By Garrison Vance
07/10/2026
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By Garrison Vance
U.S.-Iran Strait of Hormuz Clash Threatens Fragile Maritime Deal
Strait of Hormuz Clash Erupts Again After MOU Signing The United States struck 80 targets in Iran with precision munitions after Iranian forces fired on several commercial ships transiting the Strait of Hormuz without prior coordination with Tehran, according to a report by Trita Parsi published by Antiwar.com. The attack on Tuesday, July 7, 2026, […]
06/29/2026
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By Garrison Vance
From Warning Shots to War Strikes: U.S. and Iran Trade Blows in the Strait of Hormuz, Threatening Global Shipping
The United States and Iran carried out retaliatory strikes on Friday, marking the first direct military exchange since the interim peace deal signed on June 17. The escalation began with a drone attack on the Singapore-flagged container ship Ever Lovely in the Strait of Hormuz on Thursday, which the Trump administration attributed to Iran. U.S. […]
06/29/2026
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By Garrison Vance
IMO: Iran and Oman Begin Coordinated Evacuation of Stranded Vessels Through Strait of Hormuz
The International Maritime Organization (IMO) announced Tuesday, June 23, that Iran and Oman will coordinate a large-scale evacuation of vessels stranded in the Persian Gulf – initiating the first phase of clearing the Strait of Hormuz since the outbreak of war between the U.S./Israel and Iran on Feb. 28. According to the IMO, more than 11,000 […]
06/28/2026
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By Garrison Vance
Oil Prices Near $70 a Barrel as Strait of Hormuz Evacuation Plan Raises Hopes for Normalized Flow
Oil Prices Drop on Evacuation Plan Oil prices traded near $70 a barrel on Wednesday, June 24, as an evacuation plan for vessels trapped in the Strait of Hormuz raised hopes for normalized energy flows, according to market data. Brent crude futures fell below $75 a barrel on June 23, while West Texas Intermediate crude […]
06/26/2026
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By Garrison Vance
Report: Pentagon Requests $80 Billion for Iran War and Other Expenses
The Department of War has informed lawmakers it needs $80 billion to cover costs from the Iran war and other non-war-related bills, according to a Wall Street Journal report published on June 18. Deputy Defense Secretary Stephen Feinberg conveyed the request in phone calls to lawmakers that same week, citing people familiar with the matter. […]
06/21/2026
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By Garrison Vance
Oil Prices Slide After Iran Deal, But Analysts Warn Gasoline Relief Will Take Months
Brent crude futures fell 0.1% to $77.18 a barrel on Thursday, June 18, 2026, according to market data [1]. West Texas Intermediate crude slid 0.3% to $75.78 a barrel the same day [1]. The declines brought oil prices to their lowest levels since the start of the US-Iran conflict on February 28, when benchmarks had […]
06/19/2026
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By Garrison Vance
Dubai property sales drop 19% in May after Middle East war, data shows
Dubai property sales fall sharply after outbreak of war Dubai property sales fell 19% in May compared with the previous month, accelerating from a 4% decline in April, according to data from the Dubai-based consultancy ValuStrat. Transactions are now below half their level from the same period last year, the research firm reported. Haider Tuaima, […]
06/18/2026
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By Garrison Vance
Trump Says He Will Send Iran Deal to Congress for Review After Lawmakers Block It
President Donald Trump announced he will send the interim memorandum of understanding (MOU) with Iran to Congress for review after lawmakers moved to block its implementation, according to a statement from the White House. The announcement came June 16, 2026, following a weekend in which Trump, Vice President JD Vance, and Iran’s Parliament Speaker Mohammad […]
06/18/2026
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By Garrison Vance
Trump Defends Iran Deal as Way to Avoid “Economic Catastrophe”
U.S. President Donald Trump on Wednesday, June 18, defended a memorandum of understanding (MOU) with Iran as a necessary step to avert an economic crisis, drawing a comparison to the Hoover administration, while warning he could resume bombing if Iran does not comply. Speaking at a press conference on the sidelines of the G-7 Summit […]
06/16/2026
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By Garrison Vance
U.S. Average Gas Price Drops Below $4 Per Gallon for First Time Since April
The national average price of regular gasoline in the United States fell below $4 per gallon on Sunday, June 14 – the first time since mid-April, according to data from fuel analytics firm GasBuddy. The decline followed President Donald Trump’s announcement late Sunday that a peace deal with Iran had been secured, sending crude oil […]
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