Marcus
51.7K posts

Marcus
@auric_k
Traditionalist . Anti EU. Pro sovereign Europe. Conservative. Far Right Arsenal fan ;)




Protesters in Foynes allowed animal feed to leave the Port this morning. Just before 1pm the first fuel trucks for emergency frontline workers were let out. 📹: @JoshCrosbie3


Donal Byrne and John Dallon said they expected to be in today’s netting. They say now the protests will continue.















🇺🇸🇮🇷🇴🇲 The Strait of Hormuz usually moves 20% of the world’s oil. Right now, 600+ vessels are stuck, including 325 tankers. Only 6 ships got through Thursday vs 135 before. That’s a 95% drop. Oil prices are getting repriced globally. Supply chains are already shifting. Longer routes, higher costs, delays everywhere. Insurance pulled back too. Lloyd's of London paused war risk cover on March 5. No cover means ships don’t move, even if the route is technically open. Asia is taking the hit first. 84% of this oil was going there. China gets about a third from here. Japan, South Korea, India all exposed. Europe’s tied in too with 12–14% of LNG coming through. Markets aren’t waiting. Prices are moving on fear alone. International Energy Agency is pushing out 400 million barrels, with the U.S. adding 172 million. That’s roughly 16 days of normal flow. After that, pressure builds fast. Other routes don’t fix it. Cape of Good Hope adds 10–14 days and ~25% more cost. Pipelines can’t carry this load. Everything was built on Hormuz staying open. Right now, that assumption is under pressure. Source: @jackprandelli











