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18.02.26 - 00:12
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China′s Unprecedented Oil Stockpiling Sparks Questions If Beijing Is Preparing For War (ZeroHedge)
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China's Unprecedented Oil Stockpiling Sparks Questions If Beijing Is Preparing For War
Almost four years ago we pointed out something striking: while the world was still busy recovering from the covid Pandemic and suffering under soaring inflation - as seemingly everything was suddenly in short supply and prices were soaring - China was busy stockpiling pretty much everything at an unprecedented pace. Quoting a JPM report from March 2022 we noted that "while the world is short on commodities, China is not given they have started stockpiling commodities since 2019 and currently hold 80% of global copper inventories, 70% of corn, 51% of wheat, 46% of soybeans, 70% of crude oil, and over 20% of global aluminum inventories."
JPM: "While the world is short on commodities, China is not given they have started stockpiling commodities since 2019 and currently hold 80% of global copper inventories, 70% of corn, 51% of wheat, 46% of soybeans, 70% of crude oil, and over 20% of global a...
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17.02.26 - 23:00
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Escalation: Iran, Russia, China To Hold Naval Drill In Flashpoint Strait Of Hormuz (ZeroHedge)
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Escalation: Iran, Russia, China To Hold Naval Drill In Flashpoint Strait Of Hormuz
Are Russia and China finally standing up to America's addiction to regime change wars in the Middle East? They appear to at least be flashing some muscle in this incredibly tense moment, as the US deploys no less than two nuclear-powered aircraft carriers to the region.
Russia, China, and Iran have deployed naval vessels to the Strait of Hormuz for joint exercises this week, Russian presidential aide Nikolay Patrushev announced Tuesday, according to Anadolu and Iran state media. This comes as Iran's elite IRGC Navy is already in day two of military drills in the vital oil transit point, having closed some sectors of the chokepoint.
Mehr News
In a fresh interview with Turkish media, Patrushev said Moscow is advancing a "multipolar world order on the oceans" to counter what he blasted as Western hegemony.
"We will tap into the potential of BRICS, which should now be given a full-fledged strategic...
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