We know what’s coming and we are prepared.
Mercuria shipping head says fuel shortages could idle 10% of global fleet
This would trigger immediate and severe breakdowns in global supply chains, as container ships, tankers, and bulk carriers sit idle, halting the movement of food, fertilizer, fuel, and critical imports that modern economies depend on.
"The shipping sector is fast approaching a fuel crisis that could paralyze a tenth of the global fleet, Larry Johnson, global head of freight at commodities trading house Mercuria, said in an interview.
Since the Middle East war erupted, markets have been preoccupied with potential shortfalls in the diesel and jet fuel traditionally exported in large quantities from the Persian Gulf.
However, as refiners strain to capture soaring clean product cracks, residual fuels have suffered. Increasingly, feedstocks have been held back from the marine fuel market to kept for further processing, leaving the shipping sector at risk of crippling shortages, Johnson said.
"My view on marine fuel oil is there will be regional stock-outs by July and that there are potentially outages in the major hubs by August, September, at the latest," Johnson said.
New fencing now being deployed in Australia. Wonder why people now need that?
Japan's 10Y Bond Yield chart is something for the history books.
This is definitely not normal. https://t.co/YlD8kOFh3f
(@TheKobeissiLetter)
🇺🇸⚡️🇮🇷- Map of the US-Iranian missile/drone exchanges from August 30th- September 1st
🇺🇸❌🇮🇷- August 30th confirmed US impacts: Larak Island.
➡️September 1st confirmed US impacts: Bandar Abbas, Chabahar, Sirik, Konarak, Bandar-e-Jask, Kuhestak, and Qeshm Island.
➡️September 1st unconfirmed US impacts: Minab.
🇮🇷❌🇺🇸🇯🇴- August 30th confirmed Iranian impacts: A hanger at the Muwaffaq Al- Salti airbase in Jordan.
➡️August 30th unconfirmed Iranian impacts: The King Hussein airbase in Jordan.
➡️September 1st confirmed Iranian impacts: Aqaba (presumably Camp Titin) in Jordan.
🇮🇷❌🌞- Iranian drones have also struck the Erbil airport in Kurdish Iraq today on September 2nd.
@GeoPWatch
🇮🇱 🇺🇸 🇮🇷 The Jerusalem Post suggests Americans need “a federally administered debt-forgiveness enlistment program…” for the Iran war.
The CIA has now confirmed what the strike data was already reflecting. First, Iran's military capacity did not collapse. Second, air power resolved neither the institutional problem nor the negotiating problem. Third, the Pentagon still lacks the tools needed to end the war with the Islamic Republic.
Recruitment numbers are running below what a ground invasion of Iran would require. Estimates for a successful ground campaign against Iran's 31 provincial commands and its Mosaic Defense Doctrine run between 750 thousand and 1.5 million American troops. The current active US Army stands at roughly 452 thousand. The math does not work, obviously.
The average American aged 18 to 34 carries more than $40 thousand in non-mortgage debt across student loans, credit card balances, auto loans, and personal loans, with some estimates go as high...
