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September 17, 2024
Big report tonight

#BREAKING Hezbollah statement on pager attack by Israel.

At approximately 3:30 pm on Tuesday 09-17-2024, a number of messaging devices known as "pagers" exploded, which are owned by a number of employees in various Hezbollah units and institutions.

These explosions, the causes of which are still unknown, led to the martyrdom of a girl and two brothers, and the injury of a large number of people with various injuries.

Hezbollah's specialized agencies are currently conducting a wide-ranging security and scientific investigation to determine the reasons that led to these simultaneous explosions, and medical and health services are also treating the wounded and injured in a number of hospitals in various Lebanese regions.

We ask God Almighty to have mercy on our righteous martyrs on the road to Jerusalem, and we pray for the wounded and injured to recover quickly, and we call on our honorable people to be aware of the rumors and false and misleading information that some parties are spreading in a way that serves the psychological war in favor of the Zionist enemy, especially since this is accompanied by the Zionist enemy's intimidating and threatening speeches and what it calls changing the situation in the north.

We confirm that the resistance at all levels and various units is at the highest level of readiness to defend Lebanon and its steadfast people.

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Rain Fall

🇺🇸 ⚠️ Rainfall totals for portions of the Texas Hill Country have been extreme since Monday, with several areas getting double-digit rainfall totals and isolated areas seeing 20+ inches

📌 Just in the last 6-12 hours, dangerous flash flooding has continued, especially for the Guadalupe River through Kerrville... and there has been a 35-foot rise in 4 HOURS in Center Point, Texas

🚨 FLASH FLOOD EMERGENCY was once again been issued for the Guadalupe River and through Kerrville, with Water rescues currently underway.

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Oil price

🇨🇳🛢 Excluding any US-Iran talks about Hormuz, China remains the most important factor for oil prices for the next 60 days or so. All eyes on Beijing.

Ex-China Asian oil imports have recovered to normal levels within the 2023-2025 range. What China does next is crucial.

Last week, I wrote this Opinion column about what China may do next. I see a recovery in oil imports in July and August, but purchases will remain 25% below pre-war levels. Based on my industry soundings, I don't see China stockpiling in the short-term.

Important to note that the (very preliminary) data for July 1-14 shows no recovery whatsoever in Chinese oil imports, with seaborne offloadings running at ~5.5m b/d (below June average), per Vortexa data. That's extraordinary for a country that pre-war was buying 10-12m b/d.

🔗 Javier Blas

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