Simon Engelkes

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Simon Engelkes

Simon Engelkes

@englks

Energy & Raw Materials Policy Advisor @kasonline / former Director @kas_palestine & +8 years Middle East 🇹🇳🇱🇧🇸🇾🇮🇶🇮🇷🇸🇦🇯🇴 / Abu Ava / tweets my own.

Berlin, Deutschland Katılım Aralık 2013
4.4K Takip Edilen1.5K Takipçiler
Simon Engelkes retweetledi
Jonathan Karl
Jonathan Karl@jonkarl·
This morning, I asked President Trump if he’s okay with the Iranians charging a toll for all ships that go through the Strait of Hormuz, he told me there may be a Joint US-Iran venture to charge tolls: “We’re thinking of doing it as a joint venture. It’s a way of securing it — also securing it from lots of other people.” “It’s a beautiful thing”
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Gregory Brew
Gregory Brew@gbrew24·
Incredible post, one for the record books.
Treasury Secretary Scott Bessent@SecScottBessent

Iran is the head of the snake for global terrorism, and through President Trump’s Operation Epic Fury, we are winning this critical fight at an even faster pace than anticipated. In response to Iran’s terrorist attacks against global energy infrastructure, the Trump Administration will continue to deploy America’s economic and military might to maximize the flow of energy to the world, strengthen global supply, and seek to ensure market stability. Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea. At present, sanctioned Iranian oil is being hoarded by China on the cheap. By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran. In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury. This temporary, short-term authorization is strictly limited to oil that is already in transit and does not allow new purchases or production. Further, Iran will have difficulty accessing any revenue generated and the United States will continue to maintain maximum pressure on Iran and its ability to access the international financial system. So far, the Trump Administration has been working to bring around 440 million additional barrels of oil to the global market, undercutting Iran’s ability to leverage its disruptions in the Strait of Hormuz. President Trump’s pro-energy agenda has driven U.S. oil and gas production to record levels, strengthening energy security and lowering fuel costs. Any short-term disruption now will ultimately translate into longer-term economic gains for Americans – because there is no prosperity without security.

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FinancialJuice
FinancialJuice@financialjuice·
QatarEnergy CEO: We may have to declare force majeure on long-term contracts for up to five years for LNG supplies to Italy, Belgium, Korea, and China.
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Idrees Ali
Idrees Ali@idreesali114·
WASHINGTON, March 19 (Reuters) - The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday.
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Adam Tooze
Adam Tooze@adam_tooze·
Everyone is talking about energy and oil. Here is matching oil type, supplier and buyer as illustrated. More featured on today's Chartbook Top Links in the comment below.
Adam Tooze tweet media
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Patrick Wintour
Patrick Wintour@patrickwintour·
Trump has given Israel roughly a week to show that it can bring home regime change in Iran. According to Kayhan London “Israeli micro-drones and UAVs began targeting IRGC, Basij, and Law Enforcement checkpoints in several cities including Tehran, Karaj, Isfahan, and Shiraz. “Under conditions where keeping streets under control is a key element for preserving the survival of the entire regime, targeting the suppressors at checkpoints is in fact a strike against the last protective shields of the Islamic Republic.” The death toll is likely to be high. This is Netanyahu’s best and probably last chance to fulfil a decades long plan to destroy the regime. He knows he is working against a clock and the oil price.
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Financial Times
Financial Times@FT·
Three G7 countries, including the US, have expressed support for the idea, according to people familiar with the talks. The move comes as global oil prices have soared in recent days. ft.trib.al/QnMCqrA
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Javier Blas
Javier Blas@JavierBlas·
To watch in the next 24 hours: Japan is on alert for a possible release of its strategic petroleum reserve, the world's 3rd largest (after China and US). Tokyo may act alone, without US/IEA involvement. The American SPR is very well known; so it's the Chinese -- but Japan has its own massive oil stockpile, split in 10 sites (ground tanks, underground tanks, floating tanks and rock caverns). In total, the governmet holds ~260m barrels (vs ~415m for the US). Plus, Tokyo mandates private sector stockpiling, and it has joint agreements with Saudi Arabia, UAE and Kuwait to store additional crude in the country. Those deals bring another ~178m barrels. According to official data, Japan holds in total about 440 million barels in stockpile, enough for 204 days of its imports (most from the Middle Easts).
Javier Blas tweet media
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The Spectator Index
The Spectator Index@spectatorindex·
BREAKING: This is the 'most severe energy crisis since the 1970s', according to the Wall Street Journal.
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Gaurab Chakrabarti
Gaurab Chakrabarti@Gaurab·
The Strait of Hormuz has been closed for 8 days. Everyone thinks this is about oil. This is about what oil becomes. 92% of the world's sulfur comes from refining oil and gas. Close the Strait of Hormuz and you don't just lose 20 million barrels of crude per day. You lose the feedstock for sulfuric acid, the single most produced chemical on Earth. Sulfuric acid is how we extract copper. It's how we extract cobalt. Without it, you can't make transformers, EV batteries, or the substrates inside every data center on the planet. One chemical, made from one feedstock, shipped through one chokepoint. The cascade goes further: Qatar ships 30% of Taiwan's liquefied natural gas through Hormuz. Taiwan has 11 days of reserves left. TSMC, the company that makes 90% of the world's advanced chips, draws 8.9% of Taiwan's total electricity. No gas, no power, no chips. Then food. 33% of the world's nitrogen fertilizer feedstock moves through the Strait. Half of all humans alive today exist because of synthetic nitrogen. Sulfur, semiconductors, food. That makes three supply chains, one 21-nautical-mile chokepoint, and zero domestic alternatives at scale.
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Charles Lister
Charles Lister@Charles_Lister·
Extraordinary scenes from northern #Tehran tonight, where the Aqdasiyeh oil depot has been hit & completely engulfed in flames. Apocalyptic — and more #Iran critical infrastructure destroyed beyond repair.
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Gregg Carlstrom
Gregg Carlstrom@glcarlstrom·
👀 Qatar's defense ministry says Iran targeted a power plant and a facility at its main LNG production site Another sign (after the Ras Tanura attack in Saudi earlier) that Iran now seems to be aiming at critical infrastructure and energy-export facilities in the Gulf
وزارة الدفاع - دولة قطر@MOD_Qatar

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Javier Blas
Javier Blas@JavierBlas·
🚨🚨🚨BREAKING: QatarEnergy stops LNG production (... if Qatar has shut down all its LNG production -- 14 trains --, as the statement's wording suggests, that's roughly 20% of the world's output. As a single company, QatarEnergy is the world's largest LNG producer...)
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Jonathan Karl
Jonathan Karl@jonkarl·
Pres Trump told me tonight the US had identified possible candidates to take over Iran, but they were killed in the initial attack. "The attack was so successful it knocked out most of the candidates," Trump told me. "It's not going to be anybody that we were thinking of because they are all dead. Second or third place is dead."
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Financial Times
Financial Times@FT·
Brokers have told the FT that war risk insurers have submitted cancellation notices for policies covering ships moving through the Strait of Hormuz, a key oil chokepoint, with prices set to rise as much as 50% in the coming days ft.trib.al/QCeOCQ7
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Javier Blas
Javier Blas@JavierBlas·
UPDATE: With all the caveats due to GPS jamming, but looks like major oil tanker traffic (>150,00 DWT) via the Strait of Hormuz has come to **a precautionary but effective halt** for now. A few tankers still transiting, but majority has stopped before reaching it, or U-turn. 1/2
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Vali Nasr
Vali Nasr@vali_nasr·
Iran’s aim now is to absorb US and Israeli attacks, hold its position and signal expansion of war, and wait for worried regional actors to mediate a ceasefire. They expect that if Trump does not get a quick win then he will look for an exit, and negotiations afterwards will be different.
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