War Isn’t Free … How The American People Pay Dearly For It

Glitch Shuts Australia's Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time Australia's largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient. To say that the shutdown comes at the worst possible time for the global fertilizer market would be an understatement: more than a quarter of the world's traded ammonia flows through the Strait of Hormuz, as do 43% of urea shipments, the fertilizer made from...

Diesel Crack Spread Explodes To Record As Wall Street Warns Of Refined-Products "Perfect Storm" Wall Street Warns About "Perfect Storm" Diesel Crunch:  Goldman's Daan Struyven Shows Global Diesel Exports Crashing Citi's Anthony Yuen Warns: Global Diesel Inventories "Below 5YR Minimum" BofA's Francisco Blanch Warns: "Diesel's Perfect Summer Storm" Unfolding  Jefferies' Sam Burwell Warns: Hormuz Shock "Manifesting Itself In Cracks, Not Crude"  Brent crude remains hostage to daily geopolitical developments in the Gulf region more than five months into the conflict, with muted traffic through the Strait of Hormuz (read the latest US-Iran wrap) constraining tanker flows and driving refined-product markets...

Hundreds Of Gas Stations Run Dry In Australia As Hormuz Shock Exposes Energy Security Failures Australia's weird obsession with "green energy," compounded by a lack of urgency regarding proper energy security, has now collided with the worst energy crisis the world has ever seen. A country heavily dependent on imported refined petroleum products, many of which transit the Strait of Hormuz, has reached the fourth week of the U.S.-Iran war, but with a full-blown fuel supply shock now underway, and hundreds of gas stations across the country running dry. Energy Minister...