Doug Brignole's Iron Man Archive

Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus In an early clue how the Iran war will impact energy earnings, ExxonMobil warned of a $6.5bn hit to Q1 earnings from the Iran war but said the bulk of this was the result of unfavorable timing for its accounting of hedging contracts, which would be offset as underlying transactions were eventually completed. The US supermajor also said that global oil and gas production would be 6% lower in the first three months...

The Iranian military has warned that if the US or Israel bomb Iran’s power plants or other energy infrastructure, it will completely close the Strait of Hormuz and target similar infrastructure in Israel and regional countries hosting US bases. Lt. Col. Ebrahim Zolfaqari, spokesman for Iran’s Khatam al-Anbiya Central Headquarters, issued the warning in response […]

Introduced late last week, the Israel-Lebanon ceasefire is “holding” in the sense that it’s still being called a ceasefire, but with Israel’s weekend introduction of a Gaza-style “Yellow Line” it seems increasingly apparent this ceasefire will neither cease fire nor stop the Israeli destruction of southern Lebanon. In Gaza, Israel established “Yellow Lines” that effectively […]