Iran Targets US Base In Kuwait In 2nd Clash This Week; Pakistan Pitches Uranium Transfer To China Scheme

Ukraine's Attack On Caspian Pipeline Consortium Aims To Destabilize Global Oil Markets: Kremlin The Kremlin has accused Ukraine of orchestrating a plan to further destabilize global oil markets by carrying out drone attacks on the Caspian Pipeline Consortium (CPC). Russian Foreign Ministry Spokeswoman Maria Zakharova said in Monday remarks, "We are in solidarity with the Kazakh Foreign Ministry in its decisive condemnation of this crime against a civilian facility." via Caspian News "We regard this attack as yet another confirmation of Bankova's desire to further destabilize the situation on global oil markets," the...

Donald Trump has posted yet another threat to his TruthSocial. If Iran does not open the Hormuz Strait in 48 hours, he will target the country’s power plants. The US has the ability to do this. It did it in Iraq. But Iran is not Iraq. Saddam Hussein was not able to do much beyond […]

Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020. "The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist." The IEA...