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💥BREAKING:
🇩🇰🇺🇸 Denmark was reportedly preparing for full-scale war with the US over Greenland in January, with military support from France, Germany, and Nordic nations.
🚨 IRAN IS CAUSING SOME SERIOUS DAMAGE NOW
In just 24 hours, Iran's attacks have hit the global economy the hardest.
First it started with an attack on Qatar's largest LNG hub, which produces 20% of the global LNG supply.
The attack nearly damaged 17% of Qatar's LNG capacity, or 4% of global LNG supply.
Now here's why this is really bad:
The QatarEnergy CEO said today that it would take 3-5 years to repair the damage.
As of now, China imports almost 30% of its LNG from Qatar.
India imports 47%, while Pakistan imports almost 98%.
EU countries like Italy, the UK, and Belgium are also heavily reliant on Qatar for LNG.
QatarEnergy's CEO even said that they may have to declare force majeure on LNG contracts for up to 5 years, which will affect China, Korea, Belgium, and Italy.
As we know, the energy crisis in Asia and the EU is already bad, and with Iran's recent attack, this will make things worse.
But that's not all.
Today, Iran also attacked Israel's largest fuel facility, the Haifa refinery, which accounts for 60% of Israel's fuel.
Apart from this, Israel has only one refinery, and if Iran attacks that too, it would be disastrous for Israel.
And Iran isn't stopping there.
They have already said that these attacks would continue, while it'll only allow a few oil tankers to pass through Hormuz.
The war, which started between 2 countries, has now sent the global economy into the worst crisis in years.
💥BREAKING:
France, Germany, the UK, Italy, the Netherlands, and Japan say they are ready to join efforts to ensure safe passage through the Strait of Hormuz.