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JUST IN: Russian Foreign Minister Lavrov demands US and Israel immediately end the war on Iran
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Fuel prices are skyrocketing across the world:
Fuel oil prices in Singapore, the world's most important refueling port, are up to a record $140 per barrel.
This marks a +146% surge since the start of the year.
Prices have now surpassed the 2008 Financial Crisis and the 2022 energy crisis peaks.
In Fujairah, a key refueling port in the UAE just outside the Strait of Hormuz, prices are up to ~$160, with certain fuel types trading as high as $175 per barrel.
By comparison, WTI crude is trading at ~$195, meaning fuel oil carries a +40% to +75% premium over crude.
Typically, fuel oil prices track crude with a small premium for refining costs, but that relationship is now completely broken.
Elevated fuel oil prices are putting extreme pressure on the global economy.
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Fuel oil prices in Singapore, the world's most important refueling port, are up to a record $140 per barrel.
This marks a +146% surge since the start of the year.
Prices have now surpassed the 2008 Financial Crisis and the 2022 energy crisis peaks.
In Fujairah, a key refueling port in the UAE just outside the Strait of Hormuz, prices are up to ~$160, with certain fuel types trading as high as $175 per barrel.
By comparison, WTI crude is trading at ~$195, meaning fuel oil carries a +40% to +75% premium over crude.
Typically, fuel oil prices track crude with a small premium for refining costs, but that relationship is now completely broken.
Elevated fuel oil prices are putting extreme pressure on the global economy.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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JUST IN: Russia says US war with Iran is about gaining control of their energy resources.
"They just want to get their energy source, like they do from Latin America, the Caribbean, the Persian Gulf and other parts of our planet."
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"They just want to get their energy source, like they do from Latin America, the Caribbean, the Persian Gulf and other parts of our planet."
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Neutral reporting and totally NOT election interference by German Green Party in Hungary.
Just calling Orban liar
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Just calling Orban liar
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Survivors of Iranian drone strike in Dubai arrested after telling loved ones they were safe - by sending them pics of the aftermath
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The Israel Defense Forces continues to operate in southern Lebanon against the Hezbollah terrorist organization
As part of its forward defense posture, troops from the 401st Brigade, under the 91st Division, are conducting limited, targeted operations against Hezbollah terrorist infrastructure.
The forces are operating in evacuated areas that Hezbollah militants previously used to exploit civilian infrastructure for terrorist activity.
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As part of its forward defense posture, troops from the 401st Brigade, under the 91st Division, are conducting limited, targeted operations against Hezbollah terrorist infrastructure.
The forces are operating in evacuated areas that Hezbollah militants previously used to exploit civilian infrastructure for terrorist activity.
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U.S. Central Command released new footage showing US strikes on Iranian military facilities.
U.S. forces have struck thousands of Iranian military targets in an effort to neutralize threats from the Iranian regime both now and in the future.
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U.S. forces have struck thousands of Iranian military targets in an effort to neutralize threats from the Iranian regime both now and in the future.
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In the decades preceding Ehrlich's famous 1980 bet with Julian Simon, the world had become much better at handling famine.
In fact, by the time Ehrlich made his bet, it had been mostly eliminated.
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In fact, by the time Ehrlich made his bet, it had been mostly eliminated.
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NEW: 22-year-old man ejected from a Jeep after colliding with a Tesla in Port Aransas, Texas.
According to the Texas Department of Public Safety, the driver of the Jeep, who caused the crash, was arrested for DWI.
“These are the idiots who hit me going 75 mph. Sitting here trying to get their story straight while their friend is dying,” said the individual who shared the video below.
“This is the Jeep that hit me going 75 mph in Port A. The man in the video is the one many of you saw lying on the ground at the accident scene.”
The man who was ejected was taken to the hospital, but the extent of his injuries is unknown, according to local reports.
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According to the Texas Department of Public Safety, the driver of the Jeep, who caused the crash, was arrested for DWI.
“These are the idiots who hit me going 75 mph. Sitting here trying to get their story straight while their friend is dying,” said the individual who shared the video below.
“This is the Jeep that hit me going 75 mph in Port A. The man in the video is the one many of you saw lying on the ground at the accident scene.”
The man who was ejected was taken to the hospital, but the extent of his injuries is unknown, according to local reports.
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