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News & Articles By Garrison Vance
05/08/2026
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By Garrison Vance
Chinese Fuel Trader Sues Two U.S. Banks Over Blocked Payments Ahead of Sanctions
HY Energy, a Chinese fuel trading company, has filed two separate lawsuits in Shanghai and Beijing against JPMorgan and Citigroup, alleging the banks improperly blocked $40 million in payments intended for China Oil and Petroleum Company (COPC) in 2023. According to court documents, the transfers were initiated months before the U.S. Department of the Treasury […]
05/08/2026
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By Garrison Vance
Trump Says “Too Soon” for Iran Peace Deal Signing, Enrichment Dispute Continues
U.S. President Donald Trump told reporters Wednesday, May 6, that it is “too soon” to prepare for a peace-signing ceremony in Islamabad after reports that the United States and Iran were closing in on a framework to end their 67-day war. The president’s statement came the same day Axios reported that White House officials believed […]
05/08/2026
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By Garrison Vance
Germany Requests Israeli Jet Fuel as Hormuz Disruptions Affect European Aviation
Israel will supply jet fuel to Germany after Berlin requested assistance as the Hormuz crisis disrupts aviation fuel flows into Europe, according to Israeli Foreign Minister Gideon Sa’ar. The shipments will be coordinated through domestic refining companies, with export volumes and delivery schedules dependent on how the regional conflict develops and whether shipping and refinery […]
05/07/2026
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By Garrison Vance
Satellite Imagery Shows Extensive Damage to U.S. Assets in Middle East From Iranian Strikes
Satellite imagery analysis indicates that Iranian strikes have damaged or destroyed at least 228 structures or pieces of equipment at U.S. military sites across the Middle East since late February, according to an investigation by the Washington Post (WaPo) reported by Middle East Eye [1]. The damage includes hangars, barracks, fuel depots, aircraft, radar, communications and […]
05/07/2026
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By Garrison Vance
China Urges Immediate End of U.S. War with Tehran During Iranian FM’s Visit
Iranian Foreign Minister Abbas Araghchi met with Chinese Foreign Minister Wang Yi in Beijing on Wednesday, May 6, according to state media reports. China called for an immediate reopening of the Strait of Hormuz and a comprehensive ceasefire in the ongoing Iran war, Xinhua reported. [1] [2] Araghchi’s visit occurs ahead of a summit between […]
05/07/2026
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By Garrison Vance
Israel Strikes Beirut Suburbs in Targeted Killing of Hezbollah Commander, Breaking Month-Long Ceasefire Lull
Israeli warplanes struck Beirut’s southern suburbs on Wednesday, May 6, for the first time in nearly a month – targeting a Hezbollah Radwan Force commander, according to Israeli officials and local media. The attack, which involved three missiles hitting an apartment in the Haret Hreik area, was confirmed by the Israeli Defense Forces (IDF) as […]
05/07/2026
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By Garrison Vance
U.S. Approves $374 Million Sale of Bomb Kits to Ukraine
The administration of U.S. President Donald Trump has approved the potential sale of precision-guided bomb kits worth $373.6 million to Ukraine, the Department of State announced Tuesday, May 5. The move serves to greenlight a possible Foreign Military Sale of 1,532 JDAM-Extended Range (JDAM-ER) tail kits and related support equipment to Kyiv. [1] The approval […]
05/07/2026
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By Garrison Vance
U.S.-Iran Ceasefire Holds Despite Strait of Hormuz Standoff, Pentagon Chief Says
U.S.-Iran Ceasefire Remains Intact, Hegseth Says The ceasefire between the United States and Iran remains in place, Pentagon chief Pete Hegseth told reporters on Tuesday, even after the highest level of hostilities since the truce took effect on April 8. Hegseth said President Donald Trump will decide if any escalation violates the ceasefire, signaling that […]
05/06/2026
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By Garrison Vance
Iran’s Foreign Minister Rules Out Military Solution to Hormuz Crisis
Iranian Foreign Minister Abbas Araghchi stated on Monday, May 4, that there is no military solution to the ongoing crisis in the Strait of Hormuz. He also warned the United States and the United Arab Emirates (UAE) against being drawn into a conflict with no clear exit. According to a report from Middle East Eye […]
05/06/2026
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By Garrison Vance
China Orders Refiners to Ignore U.S. Sanctions on Key Iranian Oil Buyers
China’s Ministry of Commerce formally invoked its 2021 Blocking Rules for the first time on May 4, ordering all entities in the country to disregard U.S. sanctions on five domestic oil refiners, according to a ministry statement. [1] The directive protects Hengli Petrochemical, Shandong Jincheng Petrochemical, Hebei Xinhai Chemical, Shouguang Luqing Petrochemical and Shandong Shengxing […]
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