Interesting numbers
https://x.com/FaytuksNetwork/status/2046271617815261633
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Didn’t realize Iraq face so many drones. On the contrary, Jordan got away with too few.
Kurdish areas have been constantly bombed by Iran. But no one cares because it’s just Kurds and it doesn’t fit the narrative of Iran striking back.
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Everyone bombs the Kurds because the Kurds fight everyone.
Are you talking about Kurds and Kurd ‘regions’ in Iran?
Anything else doesn’t add up in the figures otherwise.
Kurdish Iraq has seen the most extensive bombing, I am of course not talking about Turkey (no bombing) or Syria (drone bombing, but not targeting kurdish areas).
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Thought we were still waiting for Trump to break his duck and tell the truth…and still. we wait!
The dont like UAE do they?
From the Guardian
At least 26 Iranian ‘shadow fleet’ vessels have slipped through US blockade of strait of Hormuz
At least 26 Iranian “shadow fleet” vessels have bypassed the US naval blockade of the strait of Hormuz, according to Lloyd’s List.
Since the US blockade took effect on 13 April, as many as 26 vessels have continued moving in and out of Iranian ports and have exported Iranian-origin cargo, maritime data shows. Lloyd’s List said 11 tankers laden with Iranian cargo have left the Gulf of Oman or the Middle East Gulf since 13 April.
Iran officially closed the strait – to “hostile” countries - on 4 March in response to US-Israeli airstrikes on the country, and briefly declared it back open on Friday after a 10-day ceasefire deal was agreed between Israel and Lebanon.
But Iranian officials said over the weekend they were effectively closing the vital waterway again after the US said it would not end its blockade of Iranian ports.
Since the blockade began, the US has directed 27 vessels to turn around or return to an Iranian port, according to a social media post published by Centcom yesterday.
So …something just happened. I don’t know what yet, but WTI and Brent both spiked together. Not huge yet, but damn near vertical.
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Funny thing is petrol went down from 19-20 nok to 15 nok per litre today, and diesel had a similar price fall. Literally, in Norwegian newspapers today, it is “Run and fill your car with petrol” messaging.
It’s such volatile swings this and now it will go up again (petrol stations tend to be a day or 2 after the market).
Note: We have emergency subsidies enacted since April 1st. So every litre of diesel and petrol should in reality cost 4nok more than it does at the moment.
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Brent (June) dropped $10 on Friday, so not that surprising. But it appears to be heading back to at least where it was Thursday - still well below the earlier highs.
Retail prices react to per barrel cost, but there is a lot of other information they incorporate - refiners are trying to maintain a very narrow band of output, and shift delivery price accordingly. Fuel stations generally work from a fixed delivery schedule, so will nudge prices upward if their stock is lower than expected, downward if higher.
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Anywhere else just gone negative on physical cost Vs market cost?
Just guessing at what could spike it like that.
Not responded to these posts since I don’t know what you want me to say. Tbh, I didn’t even understand Hugo’s (what are we waiting for ??)
Regarding Iranian targeting, I think that has more to to with geography, what targets are available and in range of which missile and drone units.
A spike like that suggests someone has early insight on the prospects for the ceasefire, and/or some kind of action by either party. An inversion of production versus market is not likely to drive a June contract price, certainly not in minutes.
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May be an interesting skim for you
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Yeah, this week is absolutely critical, because sometime next week, physical scarcity takes over in most markets and the price discovery problem becomes finding out just high of abatement is required to balance supply and demand. My suspicion is that Iran knows this, and Trump’s sabre-rattling is going nowhere fast. If you are being ‘bombed back into the Stone Age’, there isn’t much of a disincentive to throwing the entire world into a Depression-level economic crisis. As that thread points out, the supply gap is now orders of magnitude larger than anything we have seen before.
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