Money & Economics
- Thread starter bigredfish
- Start date
Arjun
IPCT Contributor
Arjun
IPCT Contributor
The wheels havent fallen off yet....
... but they're very wobbly
GOLD TRADING AT $5,934/oz IN CHINA MASSIVE FLIGHT TO SAFETY SENDING PRECIOUS METALS VERTICAL
4 HOURS UNTIL GLOBEX MARKETS OPEN
... but they're very wobbly
GOLD TRADING AT $5,934/oz IN CHINA MASSIVE FLIGHT TO SAFETY SENDING PRECIOUS METALS VERTICAL
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1) China is now buying 90% of Russian oil. LNG pipeline is being built rapidly from Russia to China.
2&3) Agreed
4) Both still get some amount of Oil from Russia, also India is now buying Venezuelan Oil, LNG from Canada/US but it won't be cheap when comparing to middle east.
Oceanslider
Known around here
Interesting developments effecting oil price this morning:
- Saudi Aramco #1 refinery hit and possibly offline.
- multiple reports (with video and acknowledgement by CENTCOM) that F-15s are being hit and down. Possibly friendly fire?
- US running low on interceptors and multiple Gulf countries claiming US has abandoned air defense of their territory to focus on US/Israel defense.
- other Arab countries reporting same.
- Hormuz straight shut
- oil price being manipulated and stuck at $72. Volatility should be much higher
- multiple reports from trusted sources of deepening concern over the situation spiraling beyond what has been suggested by White House
- Saudi Aramco #1 refinery hit and possibly offline.
- multiple reports (with video and acknowledgement by CENTCOM) that F-15s are being hit and down. Possibly friendly fire?
- US running low on interceptors and multiple Gulf countries claiming US has abandoned air defense of their territory to focus on US/Israel defense.
- other Arab countries reporting same.
- Hormuz straight shut
- oil price being manipulated and stuck at $72. Volatility should be much higher
- multiple reports from trusted sources of deepening concern over the situation spiraling beyond what has been suggested by White House
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It’s not just oil and markets being affected, global freight is halted in the region