Iran chokes Iraq’s budget: 94% oil exports via Hormuz halted, production down 70%, $6-7B monthly losses.
Browsing: Oil
Trump bombs US-Arab relations back to 1970s: war destroys détente, oil at $100. US mired in self-made morass.
Twin red lines: Kharg Island, Strait of Hormuz. US can destroy but won’t—economic trap limits action.
Is Russia winner of Iran war? Oil revenue up, prestige down—couldn’t protect ally. Mixed bag.
Iran’s Hormuz closure removes 20M b/d—five times 1970s embargo. IEA releases 400M barrels, but limited.
Russia benefits from Gulf oil disruption: India buys stranded Russian crude, Urals premiums surge.
Worst-case oil scenario: 15M bpd lost, global storage depletion would cause recession. US underestimated Iran.
Will Houthis close Bab al-Mandab? 6.2M bpd at risk. Combined with Hormuz, crippling pressure equation.
Iran’s Hormuz closure inflicts existential attrition: oil prices double, IEA releases 400M barrels. Economics destiny.
Iran escalates: tankers ablaze, warns $200 oil. IEA releases 400M barrels. War far from over.