Iran War and the Impact on Oil

[Rufus_Leakey]

Your clickbait didn't get the right name of the tanker 😉

US-sanctioned oil tanker Skylight hit by Iran off Oman

УНН News of the World ✎ The Palau-flagged tanker Skylight, which is under US sanctions, was attacked off Oman's Musandam Peninsula. Four crew members were injured, and 20 peo…

unn.ua

https://www.marinetraffic.org/ship-owner-manager-ism-data/SKYLIGHT/9330020/511101102

The video clearly shows the Skylight on fire, but but the description has a typo. Yes, that's mistake, but is it any worse than the Iranian military's attack on the ship?

 

[timsk]

An absolutely brilliant interview with the ever sensible and clear thinking realist Col. Douglas Macgregor. Sadly, you won't see the likes of him being interviewed on the BBC here in the U.K. or equivalent MSM in the U.S. It's peppered from start to finish with down to earth common sense and exposes the flawed thinking and muddled (at best) strategy of Trump and his administration. But that's not really a surprise given that he/they are not in control and are completely subserviant to - and at the behest of - a madman like Netanyahu. Enjoy . . .

 

[timsk]

A commander in Iran’s Revolutionary Guard Corps (IRGC) said on Monday that the strait was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”

Shutdown of Hormuz Strait raises fears of soaring oil prices​

A really interesting YouTube video from Brian Berletic of the The New Atlas in which he outlines the logistics of waging a war in foreign lands. He provides a compelling argument that this is the culmination of long term U.S. foregn policy to mantain its hegemony in the region and to thwart the rise of China, Russia and the BRICS nations. The U.S. spiel about ridding the world of a terrorist regime is total hogwash - but anyone subscibed to this thread probably knows that already. 😉

 

[IlIlIlIlI]

US embassy in Saudi capital set ablaze after drone attack: Riyadh

At least two drones have launched an attack against the US embassy in Riyadh, setting fire to the premises, the Saudi defense ministry says.

www.presstv.ir

New wave of attacks devastates key US base in Bahrain as Iran strikes back

A fresh wave of Iranian retaliatory strikes has crippled a major US air base in Bahrain, with strikes destroying command centers as Iranian forces continue launching firm response to the US-Israeli aggression.

www.presstv.ir

Russia and China Reject Nuclear Claims Against Iran Amid Escalation​

Melania Trump’s UN Speech Criticized for Omitting Iranian Tragedy​

Iran knows where Netanyahu convenes his meetings: Ex-IRGC chief

A former Iranian commander says Iran has completed its intelligence on Netanyahu’s whereabouts.

www.presstv.ir

Israeli-US Strike Hits Iran’s Leadership Council Office in Qom During Session​

New wave of attacks devastates key US base in Bahrain as Iran strikes back

A fresh wave of Iranian retaliatory strikes has crippled a major US air base in Bahrain, with strikes destroying command centers as Iranian forces continue launching firm response to the US-Israeli aggression.

www.presstv.ir

US War Goals ‘Completely Unrealistic’, Iran Can’t Be Bombed Into Regime Change: Former NATO Insider

“The Israeli-American bombing campaign is by no means sufficient to bring down Iran,” Jacques Hogard, retired colonel of the French Special Forces Task Group under NATO in Kosovo, told Sputnik.

sputnikglobe.com

Here’s the Biggest Sign Iran’s Air Defenses Are Standing Strong, Pentagon’s Planning Backfired

“Initially, it was impossible to evaluate the work of Iran’s air defense troops. But now, there is increasing information that the situation is stabilizing, and that Iran’s air defense assets are capable of neutralizing Israeli and US air targets,” retired Russian Army Colonel and military...

sputnikglobe.com

China Calls for Ensuring Safety of Navigation in Strait of Hormuz - Foreign Ministry

China calls on all parties to ensure the safety of navigation in the Strait of Hormuz and prevent a negative impact on the global economy, Chinese Foreign Ministry spokeswoman Mao Ning said on Tuesday.

sputnikglobe.com

European Gas Prices Reach $700 Per 1,000 Cubic Meters for 1st Time Since January 2023– ICE

Gas exchange prices in Europe exceeded $700 per thousand cubic meters for the first time since January 23, 2023, data from the London-based ICE exchange showed on Tuesday.

sputnikglobe.com

 

[timsk]

Brent Crude will continue to rise while the war escalates. As expected, the volatility is wild with a daily range of circa $6.00. As this market is purely event driven, we have to pay close attention to the news and any sign that one side has landed a significant blow against the other. E.g. if Trump's plan to use the U.S. navy to escort shipping trough the Straight of Hormuz works - we can expect a sharp drop off in price. On the other hand, if Iranian drones and missiles get through the air defences and hit their target - expect another leap up in the price.

Anyone trading with a spread betting platform that offers guarenteed stops would be wise to use them to lock in profits, as the chances are that retail traders won't have time to react to any major news event. So, I recommend a wide stop and try not to get shaken out by intraday volatily as this carnage is a long way from over and, when the effects are felt by the world economy, the oil price will likely rise significantly higher. Near term target is $96.00 and the major round number of $100.00 after that.

As for gold, that's a slightly different story. It's come off its high for now. But this is only temporary, as there's a bounce in the USD$ as people move from stocks to cash, but that bounce is also temporary. When inflation rises (because of the impact of the war) and the value of the USD$ starts to fall again (which it will), gold will resume its march to the heavens. I predict it'll hit £5,000 by this time next year. Weekly chart of Brent Crude, below.

 

[IlIlIlIlI]

West's Silence on Schoolgirls Killed in Iran Reveals Its True Face - Russia's MFA

MOSCOW (Sputnik) - The lack of condolences or expressions of regret from Western governments over the deadly strike on a girl school in Iran shows the Western world's true face, Russian Foreign Ministry spokeswoman Maria Zakharova said on Tuesday.

sputnikglobe.com

US Submarine Sinks Iranian Warship in Indian Ocean in First Torpedo Strike Since WWII​

Iran Strikes US Military Infrastructure: AN/FPS-132 Radar Hit in Qatar​

First Since War Began: Iran Launches Missile Toward NATO Member Turkey​

Iranian Fire Reaches U.S. Base In Turkey With First Missile Attack (Video)

NATO air and missile defense systems deployed in the eastern Mediterranean Sea shot down a ballistic missile launched from Iran...

southfront.press

Putin Orders Emergency Evacuation Flights From Middle East for 23,500 Russians​

Veteran War Correspondent Reveals How to Tell When Analysts Talking About Iranian Losses Are Lying

“In every war, destroying a launcher is a very popular claim because it implies that the Israelis have reduced future attacks. This is a domestic and international message that ‘we have achieved the main objectives of the military campaign’,” says Elijah Magnier, prolific journalist and war...

sputnikglobe.com

Silence of World Media on Deaths of Schoolgirls in Iran Defies Description - MFA

The silence of the world media about the deaths of schoolgirls in Iran defies description, Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday.

sputnikglobe.com