Wasim Abbas
10.2K posts
@wasimhtcv
Full time job| part time hustler | Liverpool fan from mountains of GB, thanks to PDM lost interest in politics | Polio eradication & education advocate
Just IN: Pakistan's economy created record 5.5 million jobs during past three years - on average 1.84 million jobs a year.
🚨🇮🇷 UK, France, Germany, Italy, Netherlands, Japan just issued a joint statement on the Strait of Hormuz. Their commitment: "readiness to contribute to appropriate efforts." @TheInsiderPaper
BREAKING: Iran just struck Ras Laffan. The world’s largest LNG export facility. Qatar’s crown jewel. The facility that funds the country’s sovereignty, its World Cup stadiums, its airline, and its entire economic model. Explosions. Fires. Partial production halt at a facility handling approximately 18.5 billion cubic feet per day of LNG capacity. Confirmed by Al Jazeera, Reuters, and Iranian state media claiming the strike as retaliation for South Pars and Kharg. Qatar expelled all Iranian military and security diplomats within 24 hours. Forty-eight hours ago, Qatar condemned the Israeli strike on South Pars because it shares a geological reservoir with the North Field that feeds Ras Laffan. Qatar was hedging. Protecting its gas. Maintaining the diplomatic channel with Iran that was supposed to keep the shared asset safe. The condemnation was calculated: criticise the ally’s strike to preserve the enemy’s goodwill and protect the field that generates $130 billion in annual revenue. Iran’s response to that hedge was to hit Ras Laffan directly. The geology argument is now irrelevant. Qatar condemned the strike that threatened its reservoir from below. Iran struck the facility that processes its gas from above. Both sides have now damaged Qatar’s gas infrastructure through different vectors. The hedging strategy that was supposed to protect both the reservoir and the relationship has failed on both counts in less than two days. The 24-hour expulsion is the sharpest diplomatic break Qatar has made with Iran in decades. It signals that the shared-field relationship, the North Field coordination, and the back-channel diplomacy that Qatar maintained even while its Gulf neighbours blockaded it in 2017 are over. Iran burned the one Gulf state that was still talking to it. The LNG implications are immediate and global. S&P Global already assessed one fifth of global LNG supply as impaired by the Hormuz disruption. Ras Laffan is the single largest concentration of LNG processing on Earth. Any sustained production loss at this facility does not tighten the market. It restructures it. Asia-Pacific, which absorbs the majority of Qatari LNG, faces power price spikes, industrial slowdowns, and chemical feedstock shortages that propagate through every manufacturing economy from Japan to Vietnam. LNG is not oil. Oil has the Yanbu bypass. LNG liquefaction trains are fixed installations that take years to build and cannot be rerouted through a pipeline across the desert. There is no bypass for Ras Laffan. There is no alternative facility at this scale anywhere on Earth. The molecule must be liquefied at the plant, loaded onto a specialised carrier, and shipped. If the plant is damaged, the molecule does not move. Iran hit Riyadh this morning. It hit Ras Laffan this afternoon. It has published satellite targeting images of Jubail, Mesaieed, and Al-Hosn. Shekarchi threatened to burn every Gulf energy facility to ashes. The regime burying its intelligence minister, its negotiator, and its Basij commander is executing a systematic campaign against the energy infrastructure of every country that called for its destruction. Kharg Island: 65 percent of Iran’s own gas offline. South Pars: processing facilities burning. Ras Laffan: the world’s largest LNG plant hit. The gas molecule is now compromised at production, processing, and export across two countries and a shared reservoir. Urea at $610. The farmer plants soybeans. And the LNG that powers half of Asia just became the next molecule trapped by a war that has no off switch. open.substack.com/pub/shanakaans…
⚡️Dozens of Iranian missiles are targeting Nevatim Air Base, the largest Israeli military base in Israel.
