Showing posts with label Iran. Show all posts
Showing posts with label Iran. Show all posts
Friday, June 26, 2026
The one big missing factor: Saudi Arabia reportedly has not used the Persian Gulf to ship anything
... Aristidis Alafouzos, CEO of Okeanis Eco Tankers Corp, a crude oil shipping company headquartered in Greece, said he doesn’t expect Thursday’s attack on a ship in the Gulf of Oman to “significantly change” the trend of transits through the waterway.
“We’ve seen a large increase, especially on the crude oil passages, and I think this is set to continue and maybe this one-off event isn’t enough to really disrupt the recent events of the large exports of Kuwaiti and Emirati crude oil from the Gulf,” Alafouzos told CNBC’s “Squawk Box Europe” on Friday.
“The one big missing factor is the Saudis. For now, we haven’t seen them export almost anything from inside the Arabian Gulf and everything is coming from Yanbu in the Red Sea.” ...
Tuesday, June 23, 2026
Traitor Trump gives aid to the Axis of Evil by unlocking Iranian crude oil, 90% of which is normally purchased by the Chicoms
U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran
The U.S. has issued a sweeping rollback of sanctions on Iranian oil, allowing dollar-denominated trade for the first time in more than four decades ...
The U.S. Treasury on Monday issued a wide-ranging 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21. ...
The move on Monday marks the most sweeping rollback of American oil sanctions against Iran since the 1979 Islamic Revolution, reversing years of pressure designed to cripple Iran’s economy, and is expected to deliver billions in oil revenue for the Iranian regime. ...
U.S. President Donald Trump defended the lifting of the sanctions, saying on Monday that any oil profits were meant for Iran to purchase American agricultural goods, rather than rebuild its military. ...
“With dollar clearing now authorized, expect China to accelerate purchases aggressively,” said Maleki. Chinese buyers, in the past, have settled transactions through opaque channels to avoid secondary U.S. sanctions exposure. ...
He expects a rapid storage “top-off cycle” under which Chinese buyers could rush to replenish stockpiles before the exemption expires in August.
China currently purchases roughly 90% of Iran’s oil exports, with teapots accounting for the bulk of China’s imports. The country’s crude imports shrank by an unprecedented 4.8 million barrels per day (mbd) between February and May — a steeper drop than the 4 mbd decline seen during the depths of the pandemic in the second half of 2020, according to JPMorgan. ...
Iran will likely use this 60-day window to repair war-damaged oil facilities and lock in longer-term contracts with Chinese buyers, said Michael Feller, chief strategist at Geopolitical Strategy. “This will be a huge boost to Iran, both to its economy and its sense of victory.”
Monday, June 22, 2026
Disgusting Trump is so desperate for oil he's now importing oil from the terrorist enemy to the United States, something we haven't done in quantity since the 1979 Iranian Revolution
The max was 6k bpd in 2021 of petroleum and petroleum liquids, the equivalent of 2.2 million barrels, slightly more than one VLCC can carry.
What's next, imports from Russia?
Treasury Department authorizes Iranian oil sales through August
... The authorization allows the import of Iranian oil and refined products into the U.S.
... The authorization allows the import of Iranian oil and refined products into the U.S. Payment can be made to Tehran in dollars. The license expires Aug. 21, unless it’s renewed. ...
Oil prices fall after U.S. authorizes Iranian crude sales
Trump actually started the ball rolling during the pandemic in 2020.
He bought some petroleum products from Iran in October 2020 after the collapse in oil demand crashed prices of WTI to -$37/barrel in April.
Biden made purchases in March 2021, January 2022, and in 2023 from August to October.
Middle East tanker transits June 14-20, 2026: Strait of Hormuz 5.4/day, Bab-el-Mandeb Strait 16.7/day
Tanker transits through the Strait of Hormuz would be normal if they were more like 70 per day total, in and out. This would be out of ~138 total transits, which is the normal historical average including also cargo/bulk/etc. vessels as stated in the latest JMIC Update 061.
We are nowhere close to that after Trump's so-called peace deal with Iran.
People who think the world isn't still headed to an oil supply crisis don't know what they're talking about.
SoH E: 2.6/day; 4.3/day June 18-20 (lol get real)
BAM SE: 7.7/day
Sunday, June 21, 2026
Saturday, June 20, 2026
The Reflecting Pool paint job made it almost two weeks, the Iran peace deal almost one
Iran reportedly closes Strait of Hormuz again, casting shadow over nuclear talks
Which is better? Two Weeks Trump, or One Week Trump?
Always the last paragraph
Israeli strikes kill 10 in Lebanon hours after ceasefire
... The U.S.-Iran understanding announced this week calls for an immediate, permanent end to military operations by the parties and their allies across multiple fronts, including Lebanon.
Israel, which was not part of those negotiations, has opposed provisions it says could constrain its campaign in Lebanon.
Thursday, June 18, 2026
See, we're living in his brain rent-free
Trump claims Iran deal is ‘unconditional surrender,’ says his power has ‘no limits’: Axios
... Asked what he had learned from the war about the limits to his power, Trump said that “I haven’t learned that lesson yet. I know there are, but there are no limits.” ...
Nemesis is coming.
Wednesday, June 17, 2026
CNBC now has the memorandum of understanding signed by Trump and the Iranian president
Trump and Iran’s President Pezeshkian sign memorandum aimed to end war
... Sen. Bill Cassidy, a Louisiana Republican, in a post on X, called the deal “the worst foreign policy blunder in decades.”
Former President Ronald “Reagan is rolling over in his grave,” Cassidy wrote.
"Iran’s nuclear ambitions were not curbed, and they have learned that threatening the Strait of Hormuz works and will undoubtedly leverage it in the future,” Cassidy said.
“Now, Iran gets to build brand-new infrastructure under this deal. Before the war, the strait was open, Iran was being crushed by sanctions, and 13 service members were still alive. Now, 13 Americans are dead, families have paid billions at the pump, sanctions will be lifted, and the bombing has stopped. ..."
2027 global oil glut headlines, but 2026 historic lows are the present reality
And Donald Trump has put Iran in the catbird seat.
... stockpiles are now dangerously low.
Among
the 38 wealthier countries in the Organisation for Economic Cooperation
and Development, stockpiles are at their lowest level since 1990,
according to the IEA.
“Further
declines in the coming months could still take global oil stocks to
historic lows before the market balance shifts to surplus,” the IEA
warned. ...
What we want is the truth
Three Iranian tankers exit U.S. blockade as shipowners eye Hormuz in ‘wary disbelief’
... The U.S. and Iran signed a Memorandum of Understanding on Monday to end the nearly four-month war, with a formal signing ceremony to take place on Friday in Geneva. The pact, whose details have not been disclosed, is expected to reopen the Strait of Hormuz and waive sanctions on Iran’s oil sales. ...
Update 12:10pm
Read the 14-point draft agreement between the US and Iran
... The 14-point memorandum of understanding has not yet been officially released but a copy of it was obtained by CNN from a US official.
... A White House spokesperson said the text did not reflect the actual memorandum.
... The US official told CNN that the text reflects the agreement signed digitally by President Donald Trump, Vice President JD Vance and Iranian parliamentary speaker Mohammad Bagher Ghalibaf on Sunday.
... Bloomberg earlier published a version of the draft. ...
Update 5:20pm
The CNN story above now contains the official agreement, as of 38 minutes ago.
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