israel making sure theres no ceasefire this is gonna be the easiest short of the century and iran nuclear option if closing the red sea strait is still in play too.
BBC:
> Ship-broker SSY has confirmed to BBC Verify that vessels in the Gulf have received the following message:
>
> "Attention all vessels. Attention all vessels. Attention all vessels in Persian Gulf and Oman Sea. This is the IRGC Navy Station. Transiting the Strait of Hormuz remains closed and you need permission from the IRGC before sailing through the strait. Any vessel trying to travel into the sea will be targeted and destroyed.”
>
> Claire Grierson, Head of tanker research at SSY, told BBC Verify that the firm is aware vessel crews have heard this on a radio channel used for international maritime alerts.
Look, Iran just took out the east/west pipeline in Saudi Arabia (their ability to export via red sea), forcing them to use the strait of Hormuz almost exclusively (this happened after the "ceasefire"). Iran is forcing all energy to pass through the strait of Hormuz, which they want to control, which would effectively give them control over 20% or more of world energy supplies, fertilizer, nat gas etc. They never had control before the war, why the fuck should they have control now? Mark my words...This will not end with Iran having control over the strait, missiles are still flying because the gulf nations won't allow Iran to have control over the strait, neither will the americans. This continues until either nobody controls the strait, or the americans do. The saudi's will go full on savage mode if Iran is allowed to control the strait.
Anyone think 17-18 points on SPY is a little too far too fast? We still don't know how much damage has been done to middle east refineries, and port facilities, we still don't know how much damage to the petrochemical and fertilizer industries. We still don't know when those tankers will start moving on their month-long journeys to wherever they are going and even when the tankers anchored in the Arabian Sea transit into the gulf it's still days more until they are loaded.
CPI for March comes out Friday, February was terrible and I can't imagine March is going to be better. Feb 27 closed 686 and we're set to open at 676. 10 points difference? that's it? We dropped 10 points on February's CPI alone.
Watch, a tanker is going to blow up and y'all are going to be like "Nah, they didn't call a ceasefire, that said the sea is on fire. Priced in."
And you know what? We'll pump. Sterks onleh gerp.
Buckle up time:
Saudi East-West pipeline (the gulf bypass lane to the red sea) has been attacked by Iran. Damage unclear, but potential interruption (pipeline is running 6-7mbpd).
Kuwaiti Petroleum Corporation oil facilities have received 'material damage' from Iranian strikes.
Edit: Pipeline is on fire. Appears the strike was on a main pumping station.
Edit 2: Habshan gas facility in UAE struck again too apparently.
15m ago: Saudi Arabia’s East-West oil pipeline hit in drone attack
https://ca.investing.com/news/economy-news/saudi-arabias-eastwest-oil-pipeline-hit-in-drone-attack-4554557
This is the pipeline taking oil to the red sea.