Geopolitics Watch
UAE ambassador to the US also added โThis is not a war we wanted, and we worked intensely to avoid it. But even as we held hope and pursued de-escalation, we also knew a war could someday come.โ
UAE is well positioned to recover from the conflict, having stashed away more than $2 trillion in its sovereign wealth funds.
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Gas import costs jumped from $560M to $1.65B/month, thatโs more than double forcing rationing throughout the country.
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1โฃ Secretary Bessent estimated that there is around 140 million barrels of crude at sea, the unfreezing of which will make up for 10-14 days of oil supply deficit.
2โฃ The waiver would redirect the Iranian oil from China to US allies, alleviating the shortage. China would get less oil discount, but Iran would be able to sell its oil at a higher price.
3โฃ Bessent dismissed speculation that the Treasury is intervening in the oil market.
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Steve and his cameraman were injured by shrapnel but are in stable condition.
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1โฃ As the prospect of a quick victory diminished, Europe, still struggling to wean itself off Russian oil and gas, is increasingly concerned about a new energy crisis.
2โฃ Spain has been the most vocal in its criticism, calling the war illegal and claiming it undermined global rules. France, Greece, Norway and notably Germany have explicitly ruled out their participation in the war. Others are stepping up their criticism.
3โฃ The war introduced new irritants in the already tense Transatlantic ties. President Trump is deeply unhappy with lack of support from NATO. Previous disputes between US and EU, over Ukraine, Tariff and Greenland are still latent.
4โฃ A key Trump ally in Europe, Victor Orban of Hungary, is facing a difficult reelection fight next month. Hungary is among the most vulnerable countries to an energy crisis in Europe, with Ukraine having severed Hungary's pipeline from Russia.
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Today will be the largest package yet. We're hunting and striking, death and destruction from above.
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Qatar makes up 20% of the global LNG supply.
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Geopolitics Watch
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Geopolitics Watch
#NEW โก๏ธ ๐ฎ๐ฑ ๐บ๐ธ โ ๐ฎ๐ท - IAF Fighter Jets are conducting airstrikes on the Iranian Navy in 'Gilan' on the coast of the 'Caspian' sea, in the cities of 'Bandar Anzali', 'Rasht' and 'Lahijan'. Air Defenses active.
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The IDF states it destroyed guard boards, a Navy corvette, 4 missile boats, "several" auxiliary ships, a shipyard and a command center.
The IDF states that these were not amongst it's initial target bank. but the IDF's Naval Intelligence Division and the Intelligence Directorate had only started preparing for these strikes a few days ago.
The IDF published footage of the strike from Fighter Jet Targeting pods. Standoff munitions were presumably utilized.
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Geopolitics Watch
#BREAKING โก๏ธ ๐ฎ๐ท ๐ฎ๐ท โ ๐ฎ๐ฑ ๐บ๐ธ - Direct impacts on the Haifa Refinery.
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Geopolitics Watch
#BREAKING โก๏ธ ๐ฎ๐ท ๐ฎ๐ท โ ๐ฎ๐ฑ ๐บ๐ธ - Direct impacts on the Haifa Refinery.
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