We know what’s coming and we are prepared.
❗️🇮🇷 Crash of a helicopter with Iranian President Ibrahim Raisi:
what is known as of 9:00 pm on May 19, 2024
▪️In the evening, the IRNA agency reported that rescuers were able to "establish contact" with two passengers of the helicopter that disappeared from radar. Later, this was confirmed by the country's Vice President Mohsen Mansouri, but he did not specify who exactly they managed to contact and whether Ibrahim Raisi was among them.
▪️Night fell in the area of the alleged crash site, which further complicated the search operation against the backdrop of difficult weather conditions and inaccessible mountainous terrain. However, closer to nightfall, unconfirmed reports began to arrive that the aircraft had been located.
▪️The Supreme Leader of Iran, Ayatollah Ali Khamenei, made a statement in which he expressed the hope that "the Almighty God will return our respected and honored President Raisi and his companions to the embrace of the Iranian people."
▪️The Russian Foreign Ministry reported its readiness to provide assistance in the search for the crashed helicopter, as well as to assist in the investigation of the incident. A similar statement was made in Turkey, and the European Union promised to use satellites to determine the crash site.
At the same time, there is still no official information on the status of President Ibrahim Raisi, as well as Iranian Foreign Minister Amir Abdollahian and other passengers and crew members.
#Iran
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🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇺🇸⚔️🇮🇷 Iran expects the U.S. to attack it soon — Fars News Agency
Deputy Inspector of the Khatam al-Anbiya Central Headquarters, Jafar Asadi: A renewed conflict between Iran and the United States is likely, and evidence has shown that the U.S. does not adhere to any agreements.
The actions and statements of U.S. officials are mostly media-driven, primarily aimed at preventing a surge in oil prices and secondly to escape the predicament they themselves have created.
The armed forces are fully prepared for any new American adventurism and recklessness.
Not only the armed forces and the people, but also political groups that sometimes had disagreements, have now come to understand the importance of maintaining unity.
🛢 JP Morgan: Oil Flash Note: The Illusion of Plenty
In this war-driven oil shock, inventories have become the market's primary balancing mechanism. Unlike a typical disruption where spare production capacity can be mobilized quickly, the location of the shock and the scale of the supply losses mean the immediate adjustment comes from barrels in storage. Inventories are acting as shock absorbers of the global oil system.
Of 8.4 billion barrels held in storage, 6.6 billion are onshore and 1.8 billion are offshore. Some of the offshore barrels are simply in transit from producers to customers, others — such as Russian or Iranian crude — effectively function as floating storage. By type, 5.2 billion are crude while 3.2 billion are refined products. Visibility varies wildly. OECD inventories are among the most transparent because member countries maintain strategic reserves, collect standardized data and publish timely statistics. Much of the world is less visible, particularly in developing countries. ...
🇺🇸🛢 The most visible oil inventories are about to plummet
Several things need to be noted first before looking at tanker data:
We are still offloading some of the tankers inbound laden with crude. These are temporarily keeping US crude imports elevated. The same VLCCs discharging crude turn into export volumes in 1-2 weeks.
We have an armada of empty VLCCs headed for the US, which will drain US commercial crude inventories dry.
All the while, we will continue to drain product inventories in the US. Petroleum product exports are expected to remain near all-time highs.
The snapshot above is our preliminary US crude storage estimate for next week, which includes 7.1 million bbls from the SPR. The final SPR release figure could be higher next Monday, so we will have finalized estimates out by then.
What’s not shown above is what happens to US commercial crude storage when 1) US refinery throughput ramps up to 16.8 to 17 million b/d and 2) US crude imports fall to 5.5 million b/d due ...
