November 04, 2026
Ron is the Reuters Energy Columnist. He offers commentary on global energy markets and their intersection with geopolitics, the economy and every day life.
A weakened Trump faces difficult choices over Iran, with each possible path carrying risks for global energy supplies
The plan unveiled on Monday would see Washington acquire a 35% equity stake in private oil firm NABEP, which would get a 100-year lease on 17 oilfields
The conflict has shifted towards control of the Strait of Hormuz, disrupting energy flows and keeping fuel prices high
It offers war-risk guarantees, but most shippers still avoid Hormuz transit
India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022
