DATED BRENT OIL PRICE SOARS TO $141 A BARREL, HIGHEST SINCE 2008

📽️THE TANKER There's an extraordinary race underway on the high seas, as nations vie to secure increasingly scarce shipments of fuel. In our latest on the economics of this conflict we track one such ship & ask: why is Britain so exposed? The answer is not v reassuring. Watch👇

CRITICAL UPDATE - Ninepoint Energy Strategies: the worst energy crisis of our lifetimes...where do we go from here?

JUST IN: You do not fire your Army Chief of Staff in the middle of a war for no reason. You fire him because of what comes next. Pete Hegseth called General Randy George on April 2 and told him to retire immediately. The Pentagon confirmed it within hours. No reason was given.

JUST IN: The IRGC Navy just added a second lock to the gate. Hours after the ceasefire was supposed to reopen Hormuz, the IRGC issued an official directive requiring all commercial vessels to use two alternative corridors near Larak Island to avoid sea mines deployed during the

US #crudeoil stockpiles rose for a seventh consecutive week to their highest level since June 2023. However, exports are set to surge, with 68 empty tankers (Kpler via FT) currently heading to the US, up sharply from 24 in the week before the war began. Cushing inventories also

Guys, it's not rocket science. You need empty tankers to go into the Persian Gulf to alleviate the production shut-in. Without tankers going in, the shut-in continues. That's ~11 million bbls a day. This is the Strait of Hormuz over the last 24 hours. Source: MarineTraffic

North Sea crude prices for immediate delivery continue to highlight mounting stress in the physical market, as European and Asian refiners scramble to secure cargoes to replace volumes lost during the month-long blockade of the Strait of Hormuz. Dated Brent—a key benchmark for

The Australian mining industry is now on the verge of collapse due to diesel shortages. One of the country’s last two refineries is in flames, and the fuel supply chain that powers every drill, truck, and haul is about to snap. This isn’t an isolated incident. It’s the

Below is a chart of front month WTI during 2022. The analog to 2026 is super interesting given the similarities in price action and the calendar itself (both spikes started beginning of March). WTI made a local low in mid-April 2022 ~$30 off the highs, only to rally back to the

628,931 barrels

BREAKING: International Energy Agency Chief Fatih Birol says Europe has 'maybe six weeks of jet fuel left' and warns of possible flight cancellations trib.al/2sE75XY 📺 Sky 501, Virgin 602, Freeview 233 and YouTube

President Trump says the Strait of Hormuz is open. But do note Tehran says shipping traffic needs to follow the "coordinated route as already announced” by Iran. What's that route? My @Opinion video explainer, published originally last week, shows it.

Now up 164% on this one. I❤️🛢️ Obe.to #oott #dividend

Check any source you want—there’s no tankers heading into the SoH. We’re looking at over 10mb/d crude still offline. This cumulative loss is gonna start redlining the whole system pretty soon. The massive global onshore inventory draw has already kicked off. #oott #iran

IRAN'S FARS NEWS AGENCY SAYS TWO MISSILES HIT U.S. WARSHIP NEAR JASK ISLAND AFTER IT IGNORED IRAN WARNINGS

🚨 Iran just struck Fujairah the port built specifically to bypass Hormuz. Oil prices are spiking. When the bypass gets targeted, there is no Plan C. This is the escalation the market wasn't pricing. What happened? → Iranian ballistic missiles, cruise missiles and drones:

"I've never seen anything like it before." Oil storage tanks in the United States will run empty "somewhere in the July 4 period," Carlyle's Jeff Currie tells Francine Lacqua bloom.bg/4niuf4G