Energy

Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil

Whatever officially occurs next in the on-again/off-again negotiations towards a peace deal between the U.S. and Iran, unofficially Tehran knows that it has established de facto control over both the world’s two key maritime energy transit routes -- the Strait of Hormuz and the Bab el-Mandeb Strait

Source: OilPrice.com

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DW NOTE

The Strait of Hormuz has been under US naval blockade for 119 days. There is no global oil market to cut Iran out of — there is a closure, a draft agreement awaiting the Supreme Leader's approval, and WTI still 25% below its highs despite a 9.8% weekly surge. The headline describes a plan that has already been executed by force.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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