Imanengineer

I was told we had degraded their drone stockpiles and they would be incapable of resistance in a matter of days. I was assured of this.

🛢️There's a lot being said about oil prices right now, so I put this chart together to help explain the major crude benchmarks and why they're all behaving differently. ⚪Brent (white) — The world's "default" oil price. Most global trade is priced off this. When the news says "oil is at $108," they mean Brent. 🟡WTI (yellow) — The U.S. benchmark, based on crude delivered to Oklahoma. It's the lowest line on the chart because American oil doesn't need to transit the Strait of Hormuz. 🟢Murban (green) — Crude from Abu Dhabi, delivered at Fujairah port, which sits just outside the Strait. Even though it technically doesn't have to pass through the chokepoint, drone strikes have hit Fujairah and nearby ports, pushing insurance and shipping costs up. 🟣Oman (purple) — The key benchmark for heavier crude sold into Asia. Many refineries in China, Japan, and South Korea are built specifically to process this grade. It's the highest line on the chart because Asian buyers are competing fiercely for a shrinking pool of cargoes. 🔴Dubai (red) — Used to price most long-term Gulf→Asia export contracts. It tracks alongside Oman as a measure of how hard Asian markets are being squeezed. The story isn't any single price — it's the gap between them. In late February these five lines were within $6 of each other. Now the spread between WTI and Oman is over $50. Since the U.S.-Israeli strikes on Iran began Feb 28, the Strait of Hormuz has effectively been closed. Daily transits have fallen from a historical average of ~138 ships to fewer than 5. The IEA has called it the largest disruption to global energy supply in history. Iran's IRGC has warned that not "a litre of oil" will pass for U.S. allies, while selectively allowing some Iranian, Indian, and Pakistani tankers through. Saudi Arabia is rerouting oil to its Red Sea port at Yanbu, and the UAE is using a pipeline to Fujairah — but combined pipeline capacity is only 3.5–5.5 million barrels/day vs the 20 million that normally flows through the Strait. Meanwhile, the 400 million barrel emergency reserve release by IEA members covers roughly 4 days of global consumption. Japan's refiners get ~95% of their crude from the Gulf. China receives 45% of its oil via Hormuz. South Korea, India, Thailand, Pakistan, and Bangladesh are all severely exposed. The wider the spread between the Asian benchmarks and Western ones on this chart, the more you're seeing that pain in real time.

🚨I've posted about 10 tweets in the last 30 minutes highlighting the severe fuel shortages and skyrocketing fuel prices hitting multiple countries due to the ongoing Strait of Hormuz crisis. 🚨Meanwhile, the UN is warning that the world could face a deepening food crisis if the conflict drags on— pushing tens of millions more into acute hunger through fertilizer and energy disruptions. 🚨China has so far been relatively shielded from the worst effects, thanks to its strategic reserves and diversified sourcing—but that's only in the short term. If the war persists into May without resolution, China stands to become one of the biggest losers from the Hormuz disruptions, facing prolonged supply constraints and higher import costs. 🚨My key point: The risk of global stagflation is rising by the hour. Surging energy and food prices are already stoking inflation worldwide, while economic growth slows under the strain. In such a scenario, the US would face a severe recession. That downturn would then suppress oil demand significantly, leading to a drop in prices once the initial supply shock eases.

The “Petrodollar” is a system enforced by the US military that makes oil priced in USD That means every country needs to exchange to USD and have USD reserves to buy oil Which allows the US to print trillions with minimal inflation If that is challenged. Your middle class life is over