President Donald Trump has been weighing whether to use ground forces to seize Iran's strategic oil hub of Kharg Island, an operation analysts say could be achieved quickly, but leave U.S. troops in great peril and prolong rather than shorten the war. WHERE IS KHARG ISLAND AND WHY IS IT IMPORTANT? Kharg Island sits 16 miles (26 km) from Iran's coast in the northern end of the Gulf, about 300 miles (483 km) northwest of the Strait of Hormuz. It lies in waters deep enough to enable the [Read more]
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Stressed US grid forcing data centers to get more flexible
The U.S. technology industry is being pushed to shrink its power use in times of high demand, amid growing public concern that Big Tech's massive electricity needs for its expansion of data centers are maxing out the country's grid. The power industry and its regulators are increasingly urging tech companies to make what was once an unthinkable concession - scaling back energy consumption at the giant server farms known as data centers when called upon by utilities and grid [Read more]
Big Oil to reap billions from Iran war windfall after a month of soaring energy prices
As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they sell. Global benchmark Brent crude has so far averaged around $97 per barrel in March, up 33% from the $69 average in February and even more from $65 in January. The U.S.-Israeli war on Iran that started on February 28 [Read more]
Occidental’s Hollub, US oil’s most powerful woman, prepares to hand over reins, sources say
Vicki Hollub is preparing to retire as chief executive of Occidental Petroleum, after her decade-long stewardship of the U.S. oil and gas company that made her one of the most powerful women in a male-dominated industry, sources familiar with the matter told Reuters. Hollub, 66, plans to make a formal announcement later this year, according to four people with knowledge of the matter. Richard Jackson, who was elevated to chief operating officer in October, is primed to become CEO upon [Read more]
Trump officials tout US energy dominance as global oil execs warn of supply crisis
U.S. officials this week said the historic spike in fuel prices during the war in Iran will be short-term and trumpeted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe bemoaned the worst oil and gas supply disruption in decades. The contrasting messages relayed to industry leaders at the annual CERAWeek conference in Houston reflected the different political realities in the U.S. and the rest of the [Read more]
Private firms spearhead global shale push as US public operators stay home
Private energy companies and their backers are emerging as leaders in the next phase of global shale development, taking early positions in overseas basins while publicly listed U.S. producers focus on capital discipline and their core domestic acreage. The pattern echoes the early years of the U.S. shale revolution, when independent wildcatters took the initial risks to prove drilling and completion techniques before larger, more established energy players moved in at scale. The shale [Read more]
Trump says Iran’s ‘present’ to US was allowing 10 oil tankers through Hormuz
U.S. President Donald Trumpsaid on Thursday that Iran was letting10 oil tankers transit the Strait of Hormuz as an apparent goodwill gesture in negotiations. Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as a "present" from Iran. "They said, to show you the fact that we're real and solid and we're there, we're going to let you have eight boats of oil, eight boats, eight big boats of oil," Trump said. "I guess they were [Read more]
U.S. envoy Witkoff says Iran is seeking an off-ramp
The United States has sent Iran a "15-point action list" as a basis for negotiations to end the current conflict, U.S. Special Envoy Steve Witkoff said on Thursday, adding that there are signs that Tehran was interested in making a deal. Witkoff, speaking during a cabinet meeting at the White House, said that the nascent talks could be successful if the Iranians realize there were no good alternatives - a realization Tehran might be coming to, he argued. "We will see where things lead, and [Read more]
Trump urges Iran to make a deal or US will ‘keep blowing them away’
President Donald Trump on Thursday urged Iran to make a deal to end U.S. and Israeli bombing or face more strikes on their country. "They now have the chance, that is Iran, to permanently abandon their nuclear ambitions and to join a new path forward," Trump said during a Cabinet meeting at the White House. "We'll see if they want to do it. If they don't, we're their worst nightmare. In the meantime, we'll just keep blowing them away." Trump spoke after a senior Iranian official told [Read more]
Alberta’s economy remains resilient amid geopolitical turmoil
EDMONTON, AB, March 26, 2026 /CNW/ - Ongoing trade and geopolitical uncertainty continues to create a challenging backdrop for Alberta businesses and consumers. At the same time, Alberta's economy has remained resilient, and is expected to continue to grow faster than the national economy. According to ATB Financial's Economic Outlook released today, Alberta's real GDP growth forecast for 2026 has been revised to 2.7 per cent, up from the 2.1 per cent projected in [Read more]
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