Is the regime in Iran soon to be toast?

[Sybertiger]

Saudi Aramco to restore 70% of oil shipments ‘within days’

World’s top oil producer says it will use its East-West pipeline but warns of ‘catastrophic consequences’ if the Strait of Hormuz remains shut by the Iran war

www.thetimes.com

 

[wrapter]

Saudi Aramco to restore 70% of oil shipments ‘within days’

World’s top oil producer says it will use its East-West pipeline but warns of ‘catastrophic consequences’ if the Strait of Hormuz remains shut by the Iran war

www.thetimes.com

Still Asian countries are screwed because Yemen can close the Strait of Mandeb

 

[bigredfish]

I just noticed and others are picking it up, the 150 number is "injured"... no mention of casualties..

 

[Parley]

Asia positively freaking out, Europe on the ropes, Middle East on fire. US being propped up due to flight to safety but fundamentals have been breaking down since the Fall.
Regardless of how they cook the books/reports, it’s hard to see how this “little excursion” as Trump put it last night, doesn’t ignite a worldwide recession

I would think that is because their oil storage facilities are full.

 

[Parley]

I just noticed and others are picking it up, the 150 number is "injured"... no mention of casualties..

I just saw a report where 107 of the injured have been returned to duty. Also, that 7 deaths have been reported.

 

[Sybertiger]

 

[mat200]

Looks like Asia should be sending some naval resources judging by the customer demand from them ..




Asian countries are the primary destinations for oil flowing through the Strait of Hormuz, receiving 89.2% of all crude oil and condensate exports that transit the strait.

China is the largest recipient, accounting for 37.7% of all oil exports through the strait.
India follows with 14.7%, South Korea with 12.0%, and Japan with 10.9%.
Together, these four countries receive 69% of all crude oil and condensate flows through the strait.
In total, 84% of crude oil and condensate and 83% of liquefied natural gas (LNG) moving through the strait are destined for Asian markets

tried to post the image .. see this link

https://www.visualcapitalist.com/charted-oil-trade-through-the-strait-of-hormuz-by-country/

 

[wrapter]

MRLS deployed mines.

 

[bigredfish]

 

[bigredfish]

 

[bigredfish]

Bahrain


Dubai

 

[bigredfish]

You can see on the chart where, as I said earlier today, they've capped the max price for WTI oil at about $90. Kept it under that from after hours yesterday through market hours today.

Then at about 7:30 tonight the IEA dropped the announcement of releasing reserves.
This should buy about 9-10 days of price control

 

[bigredfish]

Heating up over there tonight

 

[bigredfish]

 

[bigredfish]

This would help, but not sure how much

 

[Parley]

As stated in the above story, some tankers are going through the strait with the transponders off. Not many, but a few as far as we know.

 

[wittaj]

 

[Arjun]

 

[Sybertiger]

Nice try USA but Iran said they don't need boats anyway.

US destroys Iranian navy vessels — including 16 minelayers — near Strait of Hormuz

The strikes came amid reports that Iran had already begun laying mines along the vital shipping lane — which carries about 20% of the world’s oil supply

nypost.com

 

[bigredfish]

True only up to a point.

Just 60 days ago WTI US-OIL was at $59. Tonight, even with the .Gov manipulating the market and the IEA about to dump some reserves, it's $84-$85
60 days

We live in a world dependent on global resources. Oil is bought on the International market, regardless of origin.

If the U.S. is one of the world’s largest oil producers, why are gas prices surging?