Tag: Stockpiling
As a New Oil Power, China Gains More Sway Over Energy Markets
The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
Why These Giant Storage Tanks Increasingly Hold Very Little Oil
Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
U.S. Marines Cancel Drill With South Korea, Citing Iran War Demands
The move to call off the high-profile event was communicated in June, South Korea said. President Trump shortened another joint military exercise earlier this month.
The U.S. Is Burning Through Weapons in Iran. Russia and China Are Taking Note.
The Iran war has depleted U.S. weapons stockpiles, resulting in a significant erosion of firepower. A more drawn-out Iran conflict benefits Moscow and Beijing, some analysts say.