Tag: Houthis

Brent Crude Surges Above $86 as Iran Strikes UAE Tankers in Hormuz, Russian Oil Infrastructure Takes More Hits, and Chokepoint Risks Mount

Clark Savage83

The Refining Capacity Shortage and Demand Destruction Quest Brent crude oil prices surged more than 3% today, breaking above $86 per barrel (reaching $86.06 in early London trading). This extends a sharp ~12% rally since Friday, driven by escalating geopolitical risks across key oil chokepoints and infrastructure. The immediate spark came from Iranian cruise missile […]

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The Iran War Turns Regional: Tanker Attacks, Naval Blockades, Drone Strikes, and Surging Oil Prices

Clark Savage99

The conflict involving Iran has rapidly expanded beyond direct U.S.-Iran clashes into a broader regional war, with proxy actions, naval disruptions, and threats spanning the Persian Gulf, Strait of Hormuz, Yemen, and even the Caribbean. Oil prices are climbing on heightened supply risks, with Brent crude recently trading around $83–85 per barrel amid fresh attacks […]

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Iran Threatens to Close Hormuz and Bab el-Mandeb Simultaneously: Oil Markets Face Unprecedented Dual Chokepoint Risk

Clark Savage834

In a sharp escalation reported today, Iran has signaled its willingness to simultaneously blockade the Strait of Hormuz and the Bab el-Mandeb Strait. According to Iran’s state outlet Tasnim, Tehran is halting indirect talks with the United States amid tensions over Lebanon and is preparing to “completely block” the Strait of Hormuz while activating other […]

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Iran Strikes UAE’s Key Hormuz Bypass: Fujairah Terminal Under Fire as One Major Pipeline Route Goes Down — Saudi’s 7M bpd Red Sea Lifeline Now at Risk from Houthis

Clark Savage3452

In a dramatic escalation of the Iran conflict, Iranian drone strikes have repeatedly hammered the UAE’s Fujairah oil terminal — the critical endpoint of the Abu Dhabi Crude Oil Pipeline (ADCOP, also known as Habshan–Fujairah). This pipeline was one of the region’s primary bypass routes around the now-blocked Strait of Hormuz. Multiple attacks in mid-March […]

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Is the US wasting its time saving the planet?

Clark Savage136

Daily Standup Top Stories EU to Ban Re-Export of Russian LNG June 24, 2024 Mariel Alumit The European Union is set to ban the re-export of Russian LNG in the bloc’s waters in a first sanctions measure targeting Russia’s gas, EU diplomats told Reuters on Thursday. The EU has been debating the 14th sanctions […] The $2.5 trillion reason we […]

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