#crude — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #crude, aggregated by home.social.
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https://www.europesays.com/uk/986778/ India Turns to Russia, Brazil, and Venezuela for Crude #crude #India #IranWar #Oil #OilImports #Russia #Sanctions
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Oily birds rescued after pipeline rupture sends crude into L.A. River
Wildlife officials said this weekend that they had found multiple birds covered in oil after the rupture of…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Environment #Bird #boom #City #closedsunday #Crude #l.a.river #LosAngelesTimes #Oil #oilsheen #Pipeline #pipelinerupture #Science #statementsaturday #Street #telecommunicationcrew #wildlifeofficial
https://www.newsbeep.com/us/663789/ -
Oily birds rescued after pipeline rupture sends crude into L.A. River
Wildlife officials said this weekend that they had found multiple birds covered in oil after the rupture of…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Environment #Bird #boom #City #closedsunday #Crude #l.a.river #LosAngelesTimes #Oil #oilsheen #Pipeline #pipelinerupture #Science #statementsaturday #Street #telecommunicationcrew #wildlifeofficial
https://www.newsbeep.com/us/663789/ -
India Explores Alternative Energy Sources Amid Oil Supply Shock
India’s Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of…
#NewsBeep #News #Economy #biogas #Business #CA #Canada #Crude #energysecurity #India #LPG #MiddleEastCrisis #modi #oilimports #Russianoil #StraitofHormuz
https://www.newsbeep.com/ca/688419/ -
#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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#russia has revised down numerous #oil and #gas #forecasts for the next three years, including on #crude and gas output as well as exports.
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https://www.europesays.com/iran/111178/ EIA Gives Oil Traders a New Way to Panic About Hormuz #crude #EIA #gasoline #Hormuz #Inventories #Oil #OilMarkets #OilPrices #OilSupply #refining #StraitOfHormuz
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https://www.europesays.com/iran/110980/ Why Physical Crude Premiums Collapse Despite the Hormuz Crisis #Brent #crude #Hormuz #Oil #OilMarkets #OilPrices #PhysicalOilPrices #StraitOfHormuz #WTI
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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No, he doesn't care about it. He cares about very little.
Sorry to be crude, but I previously said about the man "If he can't eat it, fuck it, or skim a buck off the top of it, then it may as well not exist as far as he's concerned."
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PM Modi’s call to use fuel judiciously, avoid gold purchases and cut foreign travel signals that the economic pain of the war in West Asia is not going away anytime soon and the economy will have to make adjustments to cope with the fallout. With state polls over, mitigation is likely to top the agenda. We looked at India’s response, global comparisons and the costs ahead in today's HT. https://www.hindustantimes.com/editors-pick/indias-reckoning-with-the-wars-economic-cost-begins-number-theory-101778547715147.html
#IranWar #WestAsia #India #MastIndia #Crude #Modi #Economy #Energy #Oil #DataViz
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PM Modi’s call to use fuel judiciously, avoid gold purchases and cut foreign travel signals that the economic pain of the war in West Asia is not going away anytime soon and the economy will have to make adjustments to cope with the fallout. With state polls over, mitigation is likely to top the agenda. We looked at India’s response, global comparisons and the costs ahead in today's HT. https://www.hindustantimes.com/editors-pick/indias-reckoning-with-the-wars-economic-cost-begins-number-theory-101778547715147.html
#IranWar #WestAsia #India #MastIndia #Crude #Modi #Economy #Energy #Oil #DataViz
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PM Modi’s call to use fuel judiciously, avoid gold purchases and cut foreign travel signals that the economic pain of the war in West Asia is not going away anytime soon and the economy will have to make adjustments to cope with the fallout. With state polls over, mitigation is likely to top the agenda. We looked at India’s response, global comparisons and the costs ahead in today's HT. https://www.hindustantimes.com/editors-pick/indias-reckoning-with-the-wars-economic-cost-begins-number-theory-101778547715147.html
#IranWar #WestAsia #India #MastIndia #Crude #Modi #Economy #Energy #Oil #DataViz
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PM Modi’s call to use fuel judiciously, avoid gold purchases and cut foreign travel signals that the economic pain of the war in West Asia is not going away anytime soon and the economy will have to make adjustments to cope with the fallout. With state polls over, mitigation is likely to top the agenda. We looked at India’s response, global comparisons and the costs ahead in today's HT. https://www.hindustantimes.com/editors-pick/indias-reckoning-with-the-wars-economic-cost-begins-number-theory-101778547715147.html
#IranWar #WestAsia #India #MastIndia #Crude #Modi #Economy #Energy #Oil #DataViz
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https://www.europesays.com/iran/107745/ Oil jumps as Strait of Hormuz stays shut after Trump rebuffs Iran’s offer #crude #DonaldTrump #EnergyPrices #Hormuz #Iran #Oil #StraitOfHormuz
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https://www.europesays.com/africa/228782/ US Crude Imports from Nigeria Fall 15% in Q1 2026 #crude #Nigeria #USA
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Aramco, Adnoc sneak oil through Hormuz as Iran menaces strait
Saudi Arabia’s Aramco Trading Co. and the UAE’s state oil company Adnoc are among firms that have moved…
#NewsBeep #News #BreakingNews #ADNOC #Bloomberg #breakingnews #cargo #company #Crude #hormuz #Iran #Oil #PersianGulf #ship #strait #tanker #transponder #vessel #zirkuisland
https://www.newsbeep.com/528739/ -
https://www.europesays.com/iran/105075/ Aramco, Adnoc sneak oil through Hormuz as Iran menaces strait #ADNOC #Bloomberg #Cargo #company #crude #Hormuz #Iran #Oil #PersianGulf #ship #strait #StraitOfHormuz #Tanker #transponder #vessel #ZirkuIsland
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https://www.europesays.com/iran/102385/ Hopes for reopening the Strait of Hormuz push world shares higher, as Brent crude holds above $100 #AP #AssociatedPress #BrentCrude #crude #gas #GasPrices #Hormuz #Japan #News #Nikkei #S&P #StockMarket #StraitOfHormuz #WorldNews
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https://www.europesays.com/news/25517/ Market Pros Flag Well-Timed Oil Shorts Made Before the Iran Peace News #Analysis #april #crude #end #Headlines #Iran #IranWarOilTrade #market #News #OilPrice #Report #TheKobeissiLetter #TopStories #Us #War #WellTimedBet #WtiOil
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Market Pros Flag Well-Timed Oil Shorts Made Before the Iran Peace News
Oil prices have plunged on on reports that the US and Iran are nearing a peace deal, a…
#NewsBeep #News #BreakingNews #Analysis #april #breakingnews #Crude #end #Iran #iran-waroiltrade #market #oilprice #Report #thekobeissiletter #Us #War #well-timedbet #wtioil
https://www.newsbeep.com/523830/ -
https://www.europesays.com/iran/100981/ Market Pros Flag Well-Timed Oil Shorts Made Before the Iran Peace News #analysis #april #crude #end #Iran #IranWarOilTrade #market #News #OilPrice #report #TheKobeissiLetter #US #War #WellTimedBet #WTIOil
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https://www.europesays.com/iran/95410/ California braces for uncertainty as last shipment of Persian Gulf oil arrives in Long Beach #barrel #California #crude #gasoline #Hormuz #Iran #Iraq #LastShipment #MattSmith #Oil #PersianGulf #PersianGulfOil #RyanCummings #state #strait #SusanBell
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@gwendolenau
If it is, then why doesn’t he spell out what deals he made to secure #Fuel supplies. That’s my No1 beaf with him.Secondly, any #GasTax imposed now will have “No” effect on current constracts, all of which (I deduce from what I’ve read so far) are multi-year contracts, including #Japan (also has extensive refinery production and stockpiles of #Crude and #Gas) which is has multi-multi-year contracts at cheapest prices allowing them to #OnSell gas and make a profit on it (should be our profits).
Another possibility is that #Japan is a hefty #Investor (Shareholders) in the biggest Australian gas projects and #AlboPM is afraid to mess with such a ‘good’ relationship (even thought Japan is screwing us left, right, and centre)
So yes, good guesses. None of them (including mine) very convincing if this is what #AlboPM is so ‘mum’ about, unless there there is more to it. In which case, what is so ‘secret’ about it that he can’t bring himself to tell us? No, he’s just a #SecretiveLittleGnome I doubt his cabinet even knows the truth.
/end_of_rant_on_GasTaxes_Taking_a_rest_now/
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@gwendolenau
If it is, then why doesn’t he spell out what deals he made to secure #Fuel supplies. That’s my No1 beaf with him.Secondly, any #GasTax imposed now will have “No” effect on current constracts, all of which (I deduce from what I’ve read so far) are multi-year contracts, including #Japan (also has extensive refinery production and stockpiles of #Crude and #Gas) which is has multi-multi-year contracts at cheapest prices allowing them to #OnSell gas and make a profit on it (should be our profits).
Another possibility is that #Japan is a hefty #Investor (Shareholders) in the biggest Australian gas projects and #AlboPM is afraid to mess with such a ‘good’ relationship (even thought Japan is screwing us left, right, and centre)
So yes, good guesses. None of them (including mine) very convincing if this is what #AlboPM is so ‘mum’ about, unless there there is more to it. In which case, what is so ‘secret’ about it that he can’t bring himself to tell us? No, he’s just a #SecretiveLittleGnome I doubt his cabinet even knows the truth.
/end_of_rant_on_GasTaxes_Taking_a_rest_now/
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@gwendolenau
If it is, then why doesn’t he spell out what deals he made to secure #Fuel supplies. That’s my No1 beaf with him.Secondly, any #GasTax imposed now will have “No” effect on current constracts, all of which (I deduce from what I’ve read so far) are multi-year contracts, including #Japan (also has extensive refinery production and stockpiles of #Crude and #Gas) which is has multi-multi-year contracts at cheapest prices allowing them to #OnSell gas and make a profit on it (should be our profits).
Another possibility is that #Japan is a hefty #Investor (Shareholders) in the biggest Australian gas projects and #AlboPM is afraid to mess with such a ‘good’ relationship (even thought Japan is screwing us left, right, and centre)
So yes, good guesses. None of them (including mine) very convincing if this is what #AlboPM is so ‘mum’ about, unless there there is more to it. In which case, what is so ‘secret’ about it that he can’t bring himself to tell us? No, he’s just a #SecretiveLittleGnome I doubt his cabinet even knows the truth.
/end_of_rant_on_GasTaxes_Taking_a_rest_now/
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@gwendolenau
If it is, then why doesn’t he spell out what deals he made to secure #Fuel supplies. That’s my No1 beaf with him.Secondly, any #GasTax imposed now will have “No” effect on current constracts, all of which (I deduce from what I’ve read so far) are multi-year contracts, including #Japan (also has extensive refinery production and stockpiles of #Crude and #Gas) which is has multi-multi-year contracts at cheapest prices allowing them to #OnSell gas and make a profit on it (should be our profits).
Another possibility is that #Japan is a hefty #Investor (Shareholders) in the biggest Australian gas projects and #AlboPM is afraid to mess with such a ‘good’ relationship (even thought Japan is screwing us left, right, and centre)
So yes, good guesses. None of them (including mine) very convincing if this is what #AlboPM is so ‘mum’ about, unless there there is more to it. In which case, what is so ‘secret’ about it that he can’t bring himself to tell us? No, he’s just a #SecretiveLittleGnome I doubt his cabinet even knows the truth.
/end_of_rant_on_GasTaxes_Taking_a_rest_now/
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@gwendolenau
If it is, then why doesn’t he spell out what deals he made to secure #Fuel supplies. That’s my No1 beaf with him.Secondly, any #GasTax imposed now will have “No” effect on current constracts, all of which (I deduce from what I’ve read so far) are multi-year contracts, including #Japan (also has extensive refinery production and stockpiles of #Crude and #Gas) which is has multi-multi-year contracts at cheapest prices allowing them to #OnSell gas and make a profit on it (should be our profits).
Another possibility is that #Japan is a hefty #Investor (Shareholders) in the biggest Australian gas projects and #AlboPM is afraid to mess with such a ‘good’ relationship (even thought Japan is screwing us left, right, and centre)
So yes, good guesses. None of them (including mine) very convincing if this is what #AlboPM is so ‘mum’ about, unless there there is more to it. In which case, what is so ‘secret’ about it that he can’t bring himself to tell us? No, he’s just a #SecretiveLittleGnome I doubt his cabinet even knows the truth.
/end_of_rant_on_GasTaxes_Taking_a_rest_now/
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Its is no longer simply US taxpayers paying the price for #FarRght Extremist Fallacies From #WhiteHouse...
While #Europe is losing nearly €500 million a day due to rising fuel costs alone brought by the US created conflict in the #PersianGulf...Iran has walked away from negotiations while the US thinks its strategy will cause Iran's oil infrastructure to collapse due to lack of ability to store the excess #crude.
Across the globe the sudden oil shortage is pissing off US Allies, ranging from far eastern countries like #Thailand & #Bangladesh on to #EU president von der Leyen who told the #Hague last wk that in just 60 days of US driven conflict, “our bill for #fossilfuel imports has increased by over €27 billion, without a single molecule of additional energy”
On April 26, 2026 #DJT told #FoxNews #Sunday Briefing the goal of USA shutting down Iranian oil wells was to trigger production shutdowns of Iranian #oil and cause their pipelines to explode from pressure...
The US administration’s belief that their bullying blockade will simply destroy Iranian resolve and infrastructure, and trigger immediate economic collapse, #hyperinflation, and global shortages, has also been echoed by #NewYorkTimes, which recently repeated creepy claims from U.S. officials stating that Iran's oil wells “cannot be turned on and off, and they would be damaged if they are forced to shut down,” and arguing that these risks will force #Iran to the table to quickly “make a deal to avoid such long-term problems.”
The US President echoed this strategy last week on #Foxnews
“What happens is that line explodes from within. Both mechanically and in the earth, something happens where it just explodes, and they say they only have about three days left before that happens,” Drumpf said “And when it explodes, you can never rebuild it the way it is.”Treasury Secretary Scott Bessent, went on #MelonHusk's X platform to claim “IRGC Leaders are trapped like drowning rats in a sewage pipe,” adding that “Iran’s creaking oil industry is starting to shut in production thanks to the U.S. BLOCKADE. Pumping will soon collapse. GASOLINE SHORTAGES IN IRAN NEXT!”
Iran simply disputes these assessments, saying they have far more capacity for oil and the western propaganda is always "trying to sow fear among the Iranian public"
“Iranian oil fields, wells, and pipelines aren’t going to explode from being shut down,” assures Robin Mills, of the Center on Global Energy Policy.
“It certainly is a major gamble from the Trump administration.” said Brett Erickson, a sanctions and geopolitics expert of strategic consultancy firm Obsidian Risk Advisors. “They better be holding all the cards as they say they are, otherwise Iran is going to beat us on the river card, and the entire world economy is going to pay the price.”
https://open.substack.com/pub/dropsitenews/p/trump-iran-oil-infrastructure-explode
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Its is no longer simply US taxpayers paying the price for #FarRght Extremist Fallacies From #WhiteHouse...
While #Europe is losing nearly €500 million a day due to rising fuel costs alone brought by the US created conflict in the #PersianGulf...Iran has walked away from negotiations while the US thinks its strategy will cause Iran's oil infrastructure to collapse due to lack of ability to store the excess #crude.
Across the globe the sudden oil shortage is pissing off US Allies, ranging from far eastern countries like #Thailand & #Bangladesh on to #EU president von der Leyen who told the #Hague last wk that in just 60 days of US driven conflict, “our bill for #fossilfuel imports has increased by over €27 billion, without a single molecule of additional energy”
On April 26, 2026 #DJT told #FoxNews #Sunday Briefing the goal of USA shutting down Iranian oil wells was to trigger production shutdowns of Iranian #oil and cause their pipelines to explode from pressure...
The US administration’s belief that their bullying blockade will simply destroy Iranian resolve and infrastructure, and trigger immediate economic collapse, #hyperinflation, and global shortages, has also been echoed by #NewYorkTimes, which recently repeated creepy claims from U.S. officials stating that Iran's oil wells “cannot be turned on and off, and they would be damaged if they are forced to shut down,” and arguing that these risks will force #Iran to the table to quickly “make a deal to avoid such long-term problems.”
The US President echoed this strategy last week on #Foxnews
“What happens is that line explodes from within. Both mechanically and in the earth, something happens where it just explodes, and they say they only have about three days left before that happens,” Drumpf said “And when it explodes, you can never rebuild it the way it is.”Treasury Secretary Scott Bessent, went on #MelonHusk's X platform to claim “IRGC Leaders are trapped like drowning rats in a sewage pipe,” adding that “Iran’s creaking oil industry is starting to shut in production thanks to the U.S. BLOCKADE. Pumping will soon collapse. GASOLINE SHORTAGES IN IRAN NEXT!”
Iran simply disputes these assessments, saying they have far more capacity for oil and the western propaganda is always "trying to sow fear among the Iranian public"
“Iranian oil fields, wells, and pipelines aren’t going to explode from being shut down,” assures Robin Mills, of the Center on Global Energy Policy.
“It certainly is a major gamble from the Trump administration.” said Brett Erickson, a sanctions and geopolitics expert of strategic consultancy firm Obsidian Risk Advisors. “They better be holding all the cards as they say they are, otherwise Iran is going to beat us on the river card, and the entire world economy is going to pay the price.”
https://open.substack.com/pub/dropsitenews/p/trump-iran-oil-infrastructure-explode
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Its is no longer simply US taxpayers paying the price for #FarRght Extremist Fallacies From #WhiteHouse...
While #Europe is losing nearly €500 million a day due to rising fuel costs alone brought by the US created conflict in the #PersianGulf...Iran has walked away from negotiations while the US thinks its strategy will cause Iran's oil infrastructure to collapse due to lack of ability to store the excess #crude.
Across the globe the sudden oil shortage is pissing off US Allies, ranging from far eastern countries like #Thailand & #Bangladesh on to #EU president von der Leyen who told the #Hague last wk that in just 60 days of US driven conflict, “our bill for #fossilfuel imports has increased by over €27 billion, without a single molecule of additional energy”
On April 26, 2026 #DJT told #FoxNews #Sunday Briefing the goal of USA shutting down Iranian oil wells was to trigger production shutdowns of Iranian #oil and cause their pipelines to explode from pressure...
The US administration’s belief that their bullying blockade will simply destroy Iranian resolve and infrastructure, and trigger immediate economic collapse, #hyperinflation, and global shortages, has also been echoed by #NewYorkTimes, which recently repeated creepy claims from U.S. officials stating that Iran's oil wells “cannot be turned on and off, and they would be damaged if they are forced to shut down,” and arguing that these risks will force #Iran to the table to quickly “make a deal to avoid such long-term problems.”
The US President echoed this strategy last week on #Foxnews
“What happens is that line explodes from within. Both mechanically and in the earth, something happens where it just explodes, and they say they only have about three days left before that happens,” Drumpf said “And when it explodes, you can never rebuild it the way it is.”Treasury Secretary Scott Bessent, went on #MelonHusk's X platform to claim “IRGC Leaders are trapped like drowning rats in a sewage pipe,” adding that “Iran’s creaking oil industry is starting to shut in production thanks to the U.S. BLOCKADE. Pumping will soon collapse. GASOLINE SHORTAGES IN IRAN NEXT!”
Iran simply disputes these assessments, saying they have far more capacity for oil and the western propaganda is always "trying to sow fear among the Iranian public"
“Iranian oil fields, wells, and pipelines aren’t going to explode from being shut down,” assures Robin Mills, of the Center on Global Energy Policy.
“It certainly is a major gamble from the Trump administration.” said Brett Erickson, a sanctions and geopolitics expert of strategic consultancy firm Obsidian Risk Advisors. “They better be holding all the cards as they say they are, otherwise Iran is going to beat us on the river card, and the entire world economy is going to pay the price.”
https://open.substack.com/pub/dropsitenews/p/trump-iran-oil-infrastructure-explode
-
Its is no longer simply US taxpayers paying the price for #FarRght Extremist Fallacies From #WhiteHouse...
While #Europe is losing nearly €500 million a day due to rising fuel costs alone brought by the US created conflict in the #PersianGulf...Iran has walked away from negotiations while the US thinks its strategy will cause Iran's oil infrastructure to collapse due to lack of ability to store the excess #crude.
Across the globe the sudden oil shortage is pissing off US Allies, ranging from far eastern countries like #Thailand & #Bangladesh on to #EU president von der Leyen who told the #Hague last wk that in just 60 days of US driven conflict, “our bill for #fossilfuel imports has increased by over €27 billion, without a single molecule of additional energy”
On April 26, 2026 #DJT told #FoxNews #Sunday Briefing the goal of USA shutting down Iranian oil wells was to trigger production shutdowns of Iranian #oil and cause their pipelines to explode from pressure...
The US administration’s belief that their bullying blockade will simply destroy Iranian resolve and infrastructure, and trigger immediate economic collapse, #hyperinflation, and global shortages, has also been echoed by #NewYorkTimes, which recently repeated creepy claims from U.S. officials stating that Iran's oil wells “cannot be turned on and off, and they would be damaged if they are forced to shut down,” and arguing that these risks will force #Iran to the table to quickly “make a deal to avoid such long-term problems.”
The US President echoed this strategy last week on #Foxnews
“What happens is that line explodes from within. Both mechanically and in the earth, something happens where it just explodes, and they say they only have about three days left before that happens,” Drumpf said “And when it explodes, you can never rebuild it the way it is.”Treasury Secretary Scott Bessent, went on #MelonHusk's X platform to claim “IRGC Leaders are trapped like drowning rats in a sewage pipe,” adding that “Iran’s creaking oil industry is starting to shut in production thanks to the U.S. BLOCKADE. Pumping will soon collapse. GASOLINE SHORTAGES IN IRAN NEXT!”
Iran simply disputes these assessments, saying they have far more capacity for oil and the western propaganda is always "trying to sow fear among the Iranian public"
“Iranian oil fields, wells, and pipelines aren’t going to explode from being shut down,” assures Robin Mills, of the Center on Global Energy Policy.
“It certainly is a major gamble from the Trump administration.” said Brett Erickson, a sanctions and geopolitics expert of strategic consultancy firm Obsidian Risk Advisors. “They better be holding all the cards as they say they are, otherwise Iran is going to beat us on the river card, and the entire world economy is going to pay the price.”
https://open.substack.com/pub/dropsitenews/p/trump-iran-oil-infrastructure-explode
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https://www.europesays.com/iran/88351/ Japanese Tanker Transits Strait of Hormuz at Iran Permission #a #after #at #authorities #barrels #carrying #crude #from #has #Hormuz #Iran #iranian #Islam #Japanese #million #of #Oil #owned #Permission #securing #strait #StraitOfHormuz #successfully #Supertanker #Tanker #the #Times #transited #transits #Two
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The price of #BrentCrude, the global benchmark for #oil, jumped 4%, to above $105 a barrel for July delivery, but slipped to $104 a barrel after the #UAE said it would leave the #OPEC oil cartel next month. Brent’s price has risen about $10 per barrel over the past week. The price for oil deliverable in June rose above $110 per barrel for the first time this month.
West Texas Intermediate [#WTI] #crude, the #US benchmark, rose 5%, to around $101 a barrel, for June delivery.
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The price of #BrentCrude, the global benchmark for #oil, jumped 4%, to above $105 a barrel for July delivery, but slipped to $104 a barrel after the #UAE said it would leave the #OPEC oil cartel next month. Brent’s price has risen about $10 per barrel over the past week. The price for oil deliverable in June rose above $110 per barrel for the first time this month.
West Texas Intermediate [#WTI] #crude, the #US benchmark, rose 5%, to around $101 a barrel, for June delivery.
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The price of #BrentCrude, the global benchmark for #oil, jumped 4%, to above $105 a barrel for July delivery, but slipped to $104 a barrel after the #UAE said it would leave the #OPEC oil cartel next month. Brent’s price has risen about $10 per barrel over the past week. The price for oil deliverable in June rose above $110 per barrel for the first time this month.
West Texas Intermediate [#WTI] #crude, the #US benchmark, rose 5%, to around $101 a barrel, for June delivery.
