Smart move by houthis cause now everyome clearly see the war is not over and doesnt seems to end soon.
Recently there seems to be a lot less news flow in my feed about the war. Algos is doing the work to suppress it.
With weakened US military, more speedboat rpg would be used, it will mostly affect US aligned tankers.
States that pay the toll will continue to travel free.
For China that means more ships order.
BREAKING: Iran is now completely shifting toward low tech guerrilla warfare and asymmetric tactics in the Strait of Hormuz, deploying speedboats armed with RPGs and magnetic limpet mines to choke off crude shipments, per The Wall Street Journal.
The cost imbalance is staggering: an RPG 7 round costs roughly $400, and limpet mines are described as “cheap and easily available.” Yet a single attack can disable a tanker, as seen when the MT Louise 1 was struck by two devices off Oman. The target is a multimillion dollar asset, with new VLCCs costing around $130 million and resale prices reaching $235 million.
More than 35 incidents were recorded in October, the highest monthly total of the war, with at least five vessels hit in early November, per UKMTO.
Why this oil drop much harder this time? Did Trump greenlight 300B or Iran forgone 300B ask??
And if US is "winning" why peace now?
If Iran is doing fine status quo why hurry to change it?
China still have 1b oil reserves, EU is losing and Rus will soon win, why rush?
US cant win the petroleum war (oil cant get high enough like 200 nor low enough like 80s, with refining bottlenecks not in their control & 🇨🇳doing excellent with renewables)thus switching battlefield toward food.
🇨🇳 expanded trade with africa in 2024-26
Poor africans > EU > loot
🚨 BREAKING: Hackers are hitting supermarket freezers in 5 countries at the same time.
This is what Covid looked like in week 1. A few countries. Small numbers. Nobody called it a crisis.
1/ Sweden: stores say hackers hit their cooling overnight. One says fridges and freezers were set to 50°C, and the food spoiled. ICA Kvantum stores in Sjöbo and Tomelilla were hit, plus at least 6 Coop stores. Sjöbo stayed closed through the morning, threw out all affected goods and apologized. ICA says it is working to restore normal operations. In Sankt Olof a store manager said "everything is ruined." Sweden's National Cybersecurity Centre is working on several incidents.
2/ Estonia: the CEO of cooling firm Kitman Coldtech says several clients were targeted and a large chain's freezer was raised to +50°C. It was found and addressed in about 10 minutes, no major damage.
3/ Ireland: SuperValu pulled ALL fresh and frozen food from 13 stores. Its owner, Musgrave, confirmed a "cybersecurity incident" on a "specific model" of fridge.
4/ Luxembourg: Ahold Delhaize says an "IT incident" hit fridges and freezers at dozens of its supermarkets across Luxembourg and Belgium.
5/ Belgium: more than 40 Delhaize, at least 15 Carrefour and around 5 Spar stores were hit. Cold storage climbed to 15°C. Aisles were closed off and large amounts of stock were destroyed. A notice at one Proxy Delhaize said its systems had "fallen victim to hacking."
Now zoom out.
A freezer normally sits at -18°C. In Estonia, hackers reportedly got in through older controllers. In France, the controller maker said many devices were obsolete or ran outdated firmware. Raise the temperature overnight and the food rots. "You can't unspoil food," one professor said.
It did not start today. 3 weeks ago hackers raised freezers at more than 350 sites in France to as high as 50°C. There were fires. Intermarché's CEO put the cost at "tens of millions of euros nationwide in a single day." Sources suspect Russian involvement there. No group has claimed it. That same day an analyst said Spain, Portugal, Poland, Germany and Belgium were affected too.
Covid emptied the shelves. Nobody is calling this a crisis yet. But the Financial Times already puts the ruined food at millions of euros.
Officials say the Pentagon is treating late-August freezer failures on US military bases as a suspected hack. At least 6 base stores were hit. Army investigators are working with French law enforcement.
5 countries in one day. 11 countries named since August.
Share this. Everyone should know about it.
What this means is the French knows its the US whom conducted the damage (dropping off skids of bottles for molotov production, selling off Euro bond etc.) and now they want to build a wall on the stablecoin before 23/7 trading is available.
Once US realize they cannot in the game of hormouz, they will switch to the game of Iran.
US will then lose that game cause they didnt complete the prior lv maps on the Korea, Vietnam...
Iran's IRGC publishes simple cartoon to explain the Strait of Hormuz situation, threatening US Naval vessels, high oil prices, and the city of Dubai xitter.cf/QB_Press/status/211037…
USDCNY: <6.7 now
From around 7 start of the year. Thats all you need to know
Why is Canada getting tariff? cause US need to print and they ok with hormouz close so everyone print with them
Why China dont print? Cause they r acting according to plan: Do nothing = win
Https://xitter.cf/Macrobysunil/s…
Diesel is one way to cause a crash, question is will China sit idle?
If not, they can help sustain the world economy for half a yr but why would they do that unless theres significant incentives other than sustaining global economy for their export econ
THE WORLD IS RUNNING SHORT OF DIESEL. NOW WASHINGTON WANTS TO SQUEEZE THE COUNTRIES KEEPING IT SUPPLIED.
India exported 2.4 million tonnes of diesel in July, up from 2.2 million tonnes a year earlier.
Russia's diesel exports have collapsed. Middle Eastern supplies remain disrupted.
India is emerging as a critical alternative supplier, particularly for Europe, one of the world's largest diesel-importing markets.
Now look at what Washington is doing.
The US is threatening tariffs of up to 100% on countries buying Russian oil, potentially targeting India.
At the same time, a potential US diesel export ban is being discussed.
Read that again.
Washington wants to punish India for buying the crude it refines into diesel, while potentially restricting its own diesel exports.
Europe is already struggling to secure enough fuel.
If Indian and American diesel supplies are disrupted, where exactly are importing countries supposed to get their fuel?
This is how you turn a fuel shortage into a global economic crisis.
Diesel moves food, powers agriculture, runs factories and keeps global supply chains alive.
Restrict the supply, and the inflationary shock spreads through the entire economy.
Whether intentional or not, Washington's policies risk making an already severe diesel crisis dramatically worse.
You cannot starve the world of diesel without starving the global economy.
During the crash, enough folks like Leopold will lose out all their underwear, naked. Which is perfect for a cash incentivized/debt forgiveness mobalization program to fight for the empire to make a last stance with Iran
A podcast host who doesn’t verify sources or take the time to review them before sharing is helping to spread propaganda that divides Canada. I’m sure MoneyTalks.
A rookie mistake from such an experienced host?
if only China hadn't prepared for this years ago
@HFI_Research
theguardian.com/world/2022/m…
At the end of the day, US needs our oil. I wonder if we threaten to retaliate with oil export ban/tax in the first place, would US beg for a deal quick and drop their non sense tariff first and negotiate from a position of cooperation/allies?
xitter.cf/WhiteHouse/status/2089…
"I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL! The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!" - President Donald J. Trump 🇺🇸
Assume china surplus import 1mb/d to begin with, global spr 1.4mb/d
Demand destruction of 1m
Supply growth of 600k
China will supplement the world of 2.5mb/d with 1b reserve ~ 1 yr time
With iea participant likely to release another round, China would last ~ 1yr at current rate
Meaning this time next yr, conflict gotta stop or we will see significant oil shock as all available buffer has been gone.
Problem is, US wont be effective with their ammunition for 1 yr, ground invasion likely
This is why China can afford to drawdown its oil stockpile