Has Iranian Crude Lost Its Importance in the World’s Oil Supply Chain?
by Tsvetana Paraskova Of OilPrice.com Read morePersian Gulf Conflict Could Send Oil Beyond $325The reinstated U.S. blockade on Iranian oil…
Hormuz Strait
On Tuesday, WTI Was Selling for $84.94, While European Diesel Was Hovering Above $170 per Barrel—Nearly Double Brent’s Current Price of $90.94. This “Illusion of Abundance” Has Been Fostered by Governments for Decades
Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while…
Iranian Attack on Outbound Tanker in Hormuz…
Yet another attack has occurred in the Strait of Hormuz, this time on a foreign tanker on an outbound transit…
So Far in the Nearly Six Months of Conflict, It Has Been Clear That Every Fresh Escalation Has Backfired on Washington, As Iran Has Dug in Its Heels and Escalated Its Reaction
Trump’s ‘Delusional’… Iran strongly disagreed with Trump’s statements from Friday nite regarding the combat status and oil transit in the region,…
Diesel Exports Around the World Are Plummeting, As Struyven Demonstrated
By SRH The “Perfect Storm” Diesel Crash Has Wall Street Worried: Global Diesel Exports Crash, According to Goldman’s Daan Struyven…
More Trump B.S.: US Will Maintain Control of the Hormuz Strait—Confirms Economic Siege Strategy
Summary Trump claims “total control” of Hormuz, signals strategy of continued economic pressure. Iran declares “victory” & says it can…
US Must Meet All Demands For The Hormuz Opening As Iran’s Military Command Reshuffles In Preparation For A “Hardline” Confrontation
Iran Sours Pakistan’s Hopes for Diplomatic Relations Early in the day, Pakistan spread hopeful rumors that the warring parties were…
The Race to Reopen Hormuz Is Getting More Intense As the Stress in the Global Supply Chain Continues to Be at Covid Levels.
The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely disrupted Monday morning, even as…
As the unexpected oil drain surges to 6.1 million barrels—the most in two months—the US SPR falls below 300 million barrels functional limit. Trouble!!
On Monday, oil prices climbed on global markets due to concerns that a resolution to the impasse between Iran and…