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31.08.26 - 14:54
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Oil Tops $91, US Diesel Crack Near $100 As US-Iran Strikes Resume, Tehran Claims Supertanker Mined In Hormuz (ZeroHedge)
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Oil Tops $91, US Diesel Crack Near $100 As US-Iran Strikes Resume, Tehran Claims Supertanker Mined In Hormuz
Military Strike Tit-for-Tat Resumes After Weeks
Brent crude futures climbed back above $90 a barrel, while West Texas Intermediate topped $86 after the US and Iran exchanged strikes for the first time in about a month. Tehran also claimed that an unidentified supertanker was struck by naval mines in the Strait of Hormuz.
Meanwhile, diesel crack spreads are approaching $100 a barrel again, suggesting an increasingly severe shortage across refined-product markets as the summer draws to a close.
US Central Command said American forces struck Iranian rocket launchers that were preparing to deploy anti-ship mines in the critical waterway. The US has touted the Oman shipping corridor as open for business and moving crude and other energy products. Tehran's inability to halt tankers passing through that part of the strait may suggest that its offensive capabilities have been degraded.
Ira...
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27.08.26 - 00:27
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Another Major Russian Refinery Up In Flames As Diesel Nears Historic Highs (ZeroHedge)
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Another Major Russian Refinery Up In Flames As Diesel Nears Historic Highs
On Wednesday Ukrainian forces struck a Wildberries facility deep inside of Russian territory for the second time this summer.
The warehouse in the central Tambov region city of Kotovsk was first targeted in July, but this time the large complex has been "completely" destroyed in the resulting fire, Governor Yevgeny Pervyshov confirmed.
Wildberries plant burns. @exilenova_plus/Telegram
The city's mayor, Alexey Plakhotnikov, wrote on social media that "A massive fire at the Wildberries warehouse complex, smoke and smog are quickly spreading throughout the city."
He urged residents to shelter in place as a massive black cloud of smoke has reached high into sky, and enveloped the city and its environs.
"To avoid carbon monoxide poisoning and combustion products, I strongly urge you to refrain from active movement around the city for the next two days. Keep your windows and balconies closed,"...
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