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05.04.26 - 07:18
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′It′s all fear and headlines′: energy traders race to keep pace with volatile oil markets (The Guardian)
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Market volatility caused by Middle East conflict exposes energy traders to heavy losses and rumours of insider trading at the highest levelOn the weekend that US-Israeli drones first began to rain down on Tehran, energy traders across the world's major financial centres began to redraw their strategies.When they returned to their trading desks on that March Monday morning, they found oil and gas prices spiking amid a market nightmare made real: the unprecedented shutdown of the vital trade route through the strait of Hormuz. Continue reading......
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05.04.26 - 05:24
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India makes first oil purchase from Iran in 7 years with no payment hurdle (Times of India)
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Amid Middle East supply disruptions, Indian refiners have resumed Iranian crude oil purchases after a seven-year hiatus, securing their energy needs. The government confirmed no payment hurdles exist for these imports, assuring India's crude oil requirements for the coming months are fully met. This strategic shift diversifies sourcing amidst global supply chain challenges....
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05.04.26 - 04:57
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In Charts: US Does Not Rely On Strait Of Hormuz Oil While Asia Stands To Lose (ZeroHedge)
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In Charts: US Does Not Rely On Strait Of Hormuz Oil While Asia Stands To Lose
Authored by Sylvia Xu via The Epoch Times (emphasis ours),
The Strait of Hormuz has been called the jugular vein of the world's oil supply, and as Operation Epic Fury continues, Iran continues to have a chokehold on the critical supply route.
About one-fifth of the world's oil and gas is typically shipped through the narrow waterway connecting the Persian Gulf to the Arabian Sea.
But Iran's attacks on commercial vessels have brought traffic through the strait to a virtual standstill since the start of the conflict on Feb. 28.
In March, just 220 vessels transited the strait, according to data from maritime analytics platform Marine Traffic. Prior to the war, thousands of ships traversed the waterway each month.
These actions have caused oil and gas prices to surge. Brent, a global benchmark for oil prices, has risen firmly above $100 a barrel overseas. The average gas price in the United States has surged past $4 p...
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04.04.26 - 17:00
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Cubans study oil tanker diplomacy for signs of progress in secret talks with US (The Guardian)
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Despite hostile rhetoric Trump let a Russian ship break his blockade – could it herald a Venezuela-style outcome?When a sanctioned Russian oil tanker, the Anatoly Kolodkin, docked at Cuba's Matanzas oil terminal on Tuesday, unloading 700,000 barrels of crude, it was not immediately clear why the ship had been allowed to pass through Donald Trump's oil blockade.In January, the US president had proclaimed on social media: “THERE WILL BE NO MORE OIL OR MONEY GOING TO CUBA – ZERO!” yet last week he told reporters, “If a country wants to send some oil into Cuba right now, I have no problem with it” – and waved the Russian ship through. Continue reading......
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04.04.26 - 15:30
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Netanyahu Boasts 70% Of Iran′s Steel Production Capacity Destroyed (ZeroHedge)
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Netanyahu Boasts 70% Of Iran's Steel Production Capacity Destroyed
Israeli Prime Minister Benjamin Netanyahu stated in Friday remarks that Israeli airstrikes have wiped out roughly 70% of Iran's steel production capacity, dealing a major blow to its ability to manufacture weapons - from missiles and drones to ships.
"Together with our American friends, we continue to crush the terror regime in Iran. We are eliminating commanders, bombing bridges, bombing infrastructures," Netanyahu began in a video statement.
Illustrative image, via Steel Radar
"In recent days, the Air Force has destroyed 70% of Iran's steel production capacity," he added. "This is a tremendous achievement that deprives the Revolutionary Guards of both financial resources and the ability to produce many weapons."
But we should also add that this appears part of the Israeli strategy to bring about government and societal collapse, something Netanyahu has at times been more out in the open about....
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