The Beiruter

From Venezuela's vast reserves to the Strait of Hormuz and Europe's dependence on American diesel, the events of 2026 reveal how control over oil depends on far more than geological wealth.

The Gulf energy crisis is accelerating a global turn toward biofuels, but replacing imported oil with domestically produced fuel is putting new pressure on agricultural land.

Oil prices above $100 once threatened economic crisis, but decades of declining oil intensity, diversified energy supplies and strategic reserves have made the global economy more resilient to petroleum shocks.

An Iraqi drone attack on Saudi Arabia’s East-West pipeline sparks investigations, diplomatic responses, and renewed concerns over regional energy security.