Houthis Hit 400k-bpd Jazan Refinery, US Blacks Out Gulf Satellites, Commodities Feel the Squeeze
Today's Digest covers strikes on Saudi and Russian refineries, Red Sea tanker detours, Iran war, US strikes and blackouts, commodity price squeezes, AI public wealth fund survey, Fabian Society and Polymarket analyses.
Source: Peak Prosperity
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DW NOTE
The Jazan refinery does 400,000 barrels a day; the Antipinsky does 180,000. Houthis hit one, Ukraine the other, both within 24 hours. Add the Cape reroute stretching tanker journeys from 19 to 48 days and you have three separate points of friction on global refining capacity while Hormuz traffic is still recovering from a 102-day blockade. Beijing's response — a 23% year-on-year drop in gasoline demand — shows what demand destruction looks like when it's policy rather than recession.