Steve Sager

The disruption of Qatari LNG will see an increased of US LNG to Asia. The limitations will be: 1️⃣US ability to ramp up exports 2️⃣Availability of ships to haul the longer ton-miles from the US to Asia vice Qatar 3️⃣The limitations of the Panama Canal, which is limited to about 36 ships, with 10 going through the big lane.

Russian forces are actively using equipment from the American company Ubiquiti to set up communication systems and control drones. This is active American complicity in war crimes.

This is why the whole "survival is victory for the regime" argument is short-sighted. Iran went into the war with an increasingly worthless currency, sky-high inflation, a deep well of popular anger over economic problems The longer the war goes on, the worse those problems get. More narrowly, a prolonged war also chips away at both the IRGC's economic power and the defense-industrial base it needs to rebuild its capabilities The theory of an infinitely resilient regime only works if you ignore material conditions in Iran nytimes.com/2026/03/27/wor…

Maternity ward in Odesa. Again. The hardest was evacuating newborn twins on ventilators. When Russian Shaheds attacked, doctors moved 33 pregnant women and 19 newborns to safety in a bomb shelter. Then helped put out the fire.

Russia is sending Iran more advanced drones which are expected to arrive in the country imminently. It’s unclear how many Russia is sending. A US official said Russia may be sending Starlink drones after Elon Musk turned off Russian Starlink in Ukraine apnews.com/article/russia…

🚨 BREAKING: Potomac TRACON, the key radar facility handling D.C. airspace, has been evacuated to “ATC ZERO” according to FAA alerts. The FAA is now implementing ground stops for flights to Reagan National, Dulles, BWI, Charlottesville and Richmond airports.

Stay tuned, folks. Around 723,000 barrels of crude oil reaches Cuba in about 4-5 days time onboard a Russian-flagged tanker purportedly escorted by a Russian Navy vessel.

A major explosion and fire at Valero’s Port Arthur refinery has taken one of the largest U.S. refining facilities offline, removing approximately 415,000 barrels per day from supply amid heightened market volatility. Our North American Refinery Intelligence Service has released a new report analysing the incident, using infrared monitoring across 12 key processing units at the site. Together, these units represent a significant share of PADD 3 refining capacity. Combining aerial imagery captured within 24 hours of the event with detailed operational analysis, the report assesses the scale of the disruption. Key findings include damage to the diesel hydrotreater, impacts on surrounding infrastructure, and the operational status of major units across the facility. With geopolitical pressures already tightening global energy markets, this outage adds further uncertainty to refined product supply. Learn more about our North American Refinery Intelligence Service and Commodity Trading Analytics: okt.to/4JOb68

New imagery collected on March 27 shows a large fire at the Ust-Luga oil terminal in northern Russia. Multiple oil storage tanks are on fire and dark smoke is billowing from the area. 📷@vantortech

🇮🇱 IAF F-15A Baz "696" from the "Knights of the Twin Tail" Squadron taxis ahead of a sortie (presumably during Operation Roaring Lion). The kill marking on the side of its forward fuselage denotes an air-to-air victory that took place a little under 46 years ago, when pilot Ilan Margalit shot down a Syrian MiG-21 with an AIM-7F Sparrow in August 1980. A second Baz, armed with three GBU-31(V)1/B series JDAMs, is visible in the background. (📸/IDF)

Australia has been forced to order emergency fuel from the United States for the first time in decades as the global oil crisis constrains fuel shipments, per Sky News

BREAKING 🚨: Microsoft $MSFT closes below its 200-week moving average for the first time in more than 13 years 📉📉 Dear God 😱

To commemorate my father’s 95th birthday, I want to remind Spock fans that dad’s parents were Ukrainian immigrants which shaped my father in many ways. Four years of Putin’s war has brought death and destruction to our people, our homeland. LLAP. #standwithukraine #ukraine

The largest move in the last 7 days was: Copper. There were no commodities that had returns greater than 2 standard deviations during the period.

Woah. In this mornings Politico Playbook… - Trump’s potential endorsement of Cornyn is dead - Paxton had a “positive meeting” with Trump on Friday - NRSC and SLF confirm they’ve abandoned Cornyn in the runoff 👀 👀 👀 politico.com/newsletters/pl…

✂️SLASHING MEDICAL RESEARCH—The White House is expected to ask Congress to cut National Institutes of Health spending by 20 percent in the president’s fiscal 2027 budget request. The budget “reflects President Donald Trump’s policy priorities”. rollcall.com/2026/03/27/sou…

Screencaps from a video game (looks like War Thunder) that show the shootdown of a Saab Draken. 20k likes and counting on this slop of a post. Your daily reminder that the world truly is full of idiots.

The Orbán mafia can see that it’s over. The "Dynasty" has begun moving its stolen wealth abroad. Orbán’s longtime ally and friend, György Matolcsy, the former national bank governor is now quietly liquidating his domestic holdings. Orbán’s oligarch, Lőrinc Mészáros, is securing his fortune. Orbán’s son-in-law, István Tiborcz, is shifting his assets abroad. Those at the very top already know that their power and their unchecked looting is coming to an end. They know the clock is ticking. That is why the scramble to abandon the sinking ship has begun. A TISZA government will uncover every case. It will review every contract. We will trace every financial transaction. We will know exactly where the money came from, who it passed through, and where it ended up. It will no longer be possible to make public money disappear without consequences, nor to move abroad what belongs to the Hungarian people. To @PM_ViktorOrban and his circle, we send this message today, in the coming 16 days, and especially on April 12: this era is over.

Morning Everyone

“Demand destruction”? Not in #wheat. #Algeria is buying more - and paying more. It just purchased ~0.7 MMT of wheat at ~$272/t vs ~0.6 MMT at ~$259–260/t a month ago. Demand isn’t stepping back. It’s stepping in — at higher prices. Is this becoming a seller’s market? More likely by the day. The real test: how importers respond. H2 2026 exposure is getting riskier without hedging. New Black Sea FOB outlook: sizov.report/reports/29140/… #oatt #blacksea #sizovreport