MacroEnergyCENTCOM Just Priced Iran's Oil Fleet in Warship Hits — Three Tankers Per Two Ships Fired On
CENTCOM Just Priced Iran’s Oil Fleet in Warship Hits — Three Tankers Per Two Ships Fired On
Update on the Kharg Island strike: the single missile has become a declared exchange rate. After Iran fired ballistic missiles at a US carrier and destroyer, CENTCOM’s Adm. Brad Cooper stated the new doctrine outright: “if you shoot at two of our ships, we will impose an even higher economic cost — taking out three of yours.” The US disabled or destroyed three Iranian tankers near Kharg, Jask and Oman; Iran hit three more on an “unauthorized route” hours later. Every shadow tanker is now a scored military target, not collateral damage.
#Iran #StraitOfHormuz #TankerWar #CrudeSupply #OilGeopolitics
OPEC+ Meets Today to Hold Output Steady — the Market Isn’t Even Watching
OPEC+ is expected to leave October output unchanged today, as the group needs to agree new 2027 quotas before deciding its next move. The real signal is what Reuters sources are saying openly: the meeting comes as the Iran war continues to disrupt exports through Hormuz, limiting OPEC+’s influence over prices and market share, and unlike in the past, the group’s supply decisions have had a limited impact on the market. Vienna is managing a spreadsheet; Hormuz is setting the price.
#OPEC #StraitOfHormuz #CrudeSupply #OilPrices #OilGeopolitics
China Is Paying War-Premium Crude Prices — Then Selling the Diesel Back to the World
China imported 49.49 million tons of crude in August, 4.9% above a weak July, with state refiners holding runs flat while independent teapots expanded processing. At the same time, oil product exports rose 8.4% year-on-year to 5.33 million tons. That combination — absorbing Hormuz war-risk crude costs, running harder, and dumping diesel and gasoline into the export market — puts direct margin pressure on every refiner in Asia competing against cheaper Chinese cargoes into Q4.