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Chevron CEO Mike Wirth says the global oil market has been “pretty incredible” in adapting to the Strait of Hormuz disruption, with emergency supply measures and weaker-than-expected Chinese demand buying time.
He says while fears of $150 oil were fueled by panic in “paper markets,” the physical...
🎥 Remarks by Iranian Foreign Minister Abbas Araghchi on Special News Talk Program / Part 4
🔹 “The media is discussing this memorandum of understanding, but I would prefer that its details not be made public until it has been finalized, because changes could still be made up until the very last...
🎥 Remarks by Iranian FM Abbas Araghchi on Special News Talk Program / Part 3
🔹 “I think our commanders and friends in the armed forces will testify to the close relationship and coordination between the Foreign Ministry and the armed forces. We moved forward alongside them. Negotiation and the...
📉 JPMorgan: “Schrödinger’s Strait” Is Both Open and Closed
In a new note, JPMorgan’s commodities team says the Strait of Hormuz exists in a paradox, simultaneously “open” & “closed,” much like the cat in the famous thought experiment. Since March 1, the strait has been seen as effectively closed...
🧵THREAD: Full Remarks by Iranian FM Abbas Araghchi on Fri.:
🔹 “Over the course of one year, we went through two very severe wars. That is a reality. After the 12-day war, I think they concluded that perhaps they had not sufficiently prepared their capabilities. Perhaps they realized they first...
Chevron CEO Mike Wirth says the global energy market now may be able to absorb the Strait of Hormuz disruption until around Labor Day (early Sep).
He says lower Chinese demand, ongoing inventory drawdowns, & limited “dark” tanker transits through the strait, often at night with transponders off...
💢 Israel has killed a municipal worker with the Al-Bureij Municipality in a drone strike near the Orphans Camp at the southern entrance to Al-Bureij in central Gaza, according to the Palestinian Information Center. The outlet identified the victim as Muawiya Al-Ayidi.
Remarks by Iranian Foreign Minister Abbas Araghchi on Special News Talk Program / Part 2
🔹 “And after all of these come diplomacy and our diplomats. During this period, our diplomats have sought, first and foremost, to be the rightful voice of the Iranian people on the world stage, to defend the...
