Styles News
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Styles News
@DCGovHR
DC area freedom fighter. Follow me for news. Born in Arlington Virginia. Grew up in the swamp, local news is world news. I've seen administrations come and go..

🚨🇺🇸🇮🇷 Oil just crashed from $113 to $93 in two days on nothing but hope Brent dropped nearly $20 a barrel this week. WTI fell to $88. Asian markets rallied overnight. All because Trump said the word "productive" and Iran didn't deny receiving a piece of paper. No ceasefire has been signed. No ships are moving through Hormuz. Missiles are still hitting Israel tonight. The IRGC just released maximalist demands designed to stall talks. And yet the mere whisper of diplomacy wiped $20 off a barrel of crude. That tells you everything about how desperate global markets are for this war to end. The world economy is hanging on every syllable from Truth Social. One setback in talks and oil rockets right back above $110 by morning. Source: FactSet, WSJ











BREAKING: While the world watches Iran, Ukraine just set fire to Russia’s largest oil export terminal on the Baltic Sea. Overnight March 22-23, Ukrainian drones struck the port of Primorsk in the Leningrad region. Fuel storage tanks are ablaze. Personnel have been evacuated. Firefighting is underway. Leningrad Governor Alexander Drozdenko confirmed the hit. Russia’s Defence Ministry says 249 Ukrainian drones were launched across the country overnight. More than 70 were intercepted over the Leningrad region alone. The ones that got through hit the largest crude oil loading port in the Baltic. Primorsk processes up to 1.5 million barrels of oil and oil products per day. It handles approximately 100 million tonnes per year. It is the endpoint of the Baltic Pipeline System. It is the port from which the bulk of Russia’s Urals crude is shipped, including via the shadow fleet that circumvents Western sanctions. Both Primorsk and the nearby Ust-Luga port have suspended operations. Primorsk is 1,087 kilometres from Ukraine’s nearest border point. This is not a frontline strike. This is a strategic reach attack on the infrastructure that funds the Russian war machine while Vladimir Putin profits from a Middle East war he did not start. Hold two numbers in your mind. The Strait of Hormuz carries 20 million barrels per day and is effectively closed. The IEA estimates 7 to 10 million barrels per day of Gulf production has been shut in. Now add Primorsk: 1 to 1.5 million barrels per day suspended on the Baltic. The world’s two largest oil chokepoints, separated by 4,000 kilometres, are both on fire simultaneously. One closed by Iran. One burning because of Ukraine. Two wars. Two chokepoints. One global oil market. Putin’s Gulf war windfall just caught fire. In the first two weeks of March, Russia earned an extra 7.7 billion euros in fossil fuel exports as Hormuz-driven prices spiked. Those extra revenues funded approximately 17,000 Shahed drones per day at production cost. The money flowing through Primorsk was paying for the drones hitting Ukraine. Ukraine just hit the port that was paying for the drones. The timing is surgical. President Trump’s 48-hour ultimatum on Iranian power plants expires today. Iran has promised to permanently close Hormuz and destroy all regional energy infrastructure if that ultimatum is executed. Saudi Aramco is telling Asian buyers to prepare for partial April volumes through a Red Sea bypass port that Iran has already hit with missiles. And now Russia’s Baltic crude pipeline has a fuel tank on fire at its terminal. Oil touched $100 per barrel this morning. Brent is above $114. The IEA has already released 400 million barrels of emergency reserves, the largest in history. Analysts estimate those reserves buy 73 to 83 days. The Iran war is 23 days old. The Primorsk fire started hours ago. The two clocks are now running simultaneously, and the oil market has nowhere to hide. Every barrel that does not load at Primorsk is a barrel that does not reach a European refinery. Every barrel trapped in the Gulf is a barrel that does not reach an Asian refinery. The planet is now short on both ends: the Gulf that feeds Asia and the Baltic that feeds Europe. The fertilizer plants, the ammonia synthesis, the urea granulation, the planting season, the food supply, the helium for TSMC, the chip fabrication: all of it runs on molecules that are currently either trapped behind a closed strait or burning in a fuel tank on the Baltic Sea. Two wars. Two chokepoints. One planet. Zero spare capacity. Full deep dive analysis: open.substack.com/pub/shanakaans…


















