We know what’s coming and we are prepared.
🛢 Oil prices to rise further on Monday as Mideast war escalates
Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday.
U.S. President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran did not fully reopen the Strait of Hormuz within 48 hours, a significant escalation barely a day after he talked about "winding down" the war, now in its fourth week.
Iran warned on Sunday it would attack U.S.-linked infrastructure, including energy and desalination facilities in the Gulf, if Trump carried out his threat.
On Friday, Brent futures for May settled up 3.26% at $112.19 a barrel, the highest since July 2022.
"President Trump's threat has now placed a 48-hour ticking time bomb of elevated uncertainty over markets," said IG market analyst Tony Sycamore. If the ultimatum is not walked back, oil prices will spike on Monday, he said.
"It clearly means more escalation which means higher oil prices. Some are incorrectly thinking, however, that Iran may cave," said Amrita Sen, founder of Energy Aspects. "Trump is trying to show he can out-escalate and that way ends in scorched earth for Gulf infrastructure."
Putin called European politicians “pigs” who wanted to “feast on the collapse of Russia”
He also said that after the collapse of the Soviet Union, Russia had believed it would become an “equal part of the European family,” but that never happened because there is “no civilization in Europe, only total degradation.”
Australian viewer confirms my suspicions above:
- BP instructed their contracted fuel wholesalers to limit customer orders (ie gas stations) to 50% [source]
- Mainstream media then told everyone to go fuel up "before prices go up" [viewer comment]
- Then the premier holds a press conference and says "We need to ration fuel because we're running out of fuel" [source]
- Now they are rolling out rationing.
They are CREATING this energy crisis.
This is a SCRIPTED CRISIS to take CONTROL of energy and accelerate the decarbonization AGENDA (as UN admitted here) and grab emergency powers.
It could not be more obvious.
- @iceagefarmer
UN literally saying "This war will help us accelerate our green agenda and teach you a lesson."
"The disruption to energy markets caused by the Iran war is a lesson on the risks of relying on fossil fuels which should drive governments to wean their economies off oil and gas faster", the U.N. climate secretary told Reuters on Monday.
"If there was ever a moment to accelerate that energy transition, breaking dependencies which have shackled economies, this is the time," Simon Stiell, Executive Secretary of the U.N. climate change arm UNFCCC, said in an interview.
Once their Global Warming nonsense lost its power, their hand was forced. Cue the next crisis. Here we are.
