Sekhar

This is absolutely insane: The world is quite literally facing what appears to be the largest energy crisis in history. US crude oil futures are now trading at a $20+/barrel DISCOUNT to Brent, also one of the largest on record. As the US increases production and taps into reserves, the EU is facing a full out energy crisis. European natural gas prices are up another +30% today and physical crude oil prices in Oman and elsewhere are trading at $150+/barrel. In other words, the gap between Oman and US prices now stands at ~70%, or ~$70+ per barrel. It has become so bad for Europe that the market is now pricing-in 2 interest rate HIKES in 2026, even as the US removes sanctions on Russian oil. US rate cuts in 2026 are almost entirely priced-out as a result with Core PPI inflation on PRE-WAR data rising to its highest since February 2023. The entire global economy just took a complete 180 degree turn in 3 weeks. The next few months are going to be historic.

BREAKING: Qatar reports "extensive damage" from an Iranian missile strike at Ras Laffan, the world's largest LNG facility. Details include: 1. Ras Laffan accounts for ~20% of global LNG supply 2. The plant was reportedly lit on fire as a result of the strike 3. The attack comes just hours after Israeli strikes on Iran's largest natural gas plant 4. Iran warned that a number of energy assets across the Gulf are now “legitimate targets” Natural gas prices are surging on the news.

BREAKING: Iran has issued an order to Saudi Arabia, Qatar, and the UAE to evacuate energy facilities following Israeli strikes on Iran's largest gas facility.