OilPrice.com (October 16)
Oil prices are heading for a “weekly gain as Hormuz attacks rattle markets…. Iranian strikes on tankers in the Strait of Hormuz had driven oil flows sharply down. In the week to October 13, the daily average dropped to 11.62 million barrels, from a baseline of 17.15 million barrels daily.”
Tags: 11.62 MMbbl, Attacks, Baseline, Flows, Hormuz, Iran, Markets, Oil prices, Rattle, Strait of Hormuz, Strikes, Tankers, Weekly gain
Euronews (March 25)
“Europe is being edged out of the global liquified natural gas (LNG) market as Asian buyers outbid for limited cargoes, with ship-tracking data showing several tankers changing course mid-voyage and close to a dozen Atlantic shipments being redirected.” This has especially left Italy, Poland and Belgium scrambling for alternative LNG supplies in what has become a “mega competitive market.”
Tags: Asia, Atlantic shipments, Belgium, Edged out, Europe, Italy, Limited cargoes, LNG, Mega competitive market, Mid-voyage, Outbid, Poland, Redirected, Scrambling, Ship-tracking data, Tankers
Washington Post (June 14)
“Is the Iran-U.S. tinderbox about to ignite?” In one sense, it already has. Burning tankers provided “the dramatic imagery that sometimes precedes armed conflict.” Clearly fraught, the confrontation is partly due to “Iranian overconfidence” and frustration. “Trump’s ‘maximum pressure’ campaign has collided head on with Khamenei’s maximum resistance. Met by American economic warfare, Iran’s hard-liners are doubling down with their own forms of deniable warfare, with mines, drones and proxy attacks.”
Tags: Armed conflict, Confrontation, Deniable warfare, Drones, Economic warfare, Frustration, Hard-liners, Ignite, Iran, Khamenei, Mines, Overconfidence, Pressure, Proxy attacks, Resistance, Tankers, Tinderbox, Trump’s, U.S.
