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Saudi Oil Routes Narrow: Kingdom Eyes Hormuz Export Surge After Pipeline Attack
Saudi Oil Routes Narrow: Kingdom Eyes Hormuz Export Surge After Pipeline Attack
Middle East tensions remain high, with Brent crude futures trading around $105 a barrel and US diesel crack spreads near $110 a barrel amid an ongoing global refining crisis. Disruptions to Russian fuel production from the war in Ukraine are compounding supply constraints across the Middle East.
Saudi Arabia's options for maintaining exports have significantly narrowed following a drone attack that shut down its critical East-West pipeline last week. With that alternative pipeline route disrupted, possibly for up to...
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Report: Iranian Oil Profits Doubled Since Start of War
Since the US and Israeli surprise attack on Iran, Tehran has continued to export oil that is selling at significantly higher prices. According to an analysis by The Economist, nearly all of the oil tankers currently exiting the Persian Gulf are linked to Iran. After the surprise attack on February 28, Tehran closed the Strait […]
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Feb 13, 2026 / Tyler Durden
Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
Authored by Micah Zimmerman via BitcoinMagazine.com,
Brazilian lawmakers have reintroduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, proposing the gradual acquisition of one million bitcoins over five years.
The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country’s financial strategy and diversify national reserves.
The proposed legislation establishes several guidelines for RESBit.
First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years.
It prohibits the...
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