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In Mid-March, I already had full plan what to do, including no trips starting with July. Foresight is everything nowadays!
With flows from Hormuz still restricted, we are entering the red zone of supply losses. You can forget about your summer holidays; the IEA's chief already mentioned Europe is about 6 weeks away from running out of jet fuel. @kpler, we see the jet fuel market is structurally
My Subscribers on X and Substack have already been informed in advance what the game here is. And institutions are playing along as if by coincidence.
IEA Proposes Building Iraq-Türkiye Pipeline to Bypass Hormuz
International Energy Agency Executive Director Fatih Birol proposed building a new oil pipeline linking Iraq’s Basra oil fields and Türkiye’s Mediterranean oil terminal in Ceyhan to bypass the Strait of Hormuz,
May I politely ask why Europe hasn‘t managed to start producing weapon systems for Ukraine & itself after 4 years of the worst war on the continent? Or is this also the fault of the Americans?
Are we Europeans that kind of infantile and with zero skin in the game? Embarrassing.
The United States is holding up virtually all weapons deliveries purchased by EU countries. It is not like we’re completely defenseless here, but it’s obvious that if Russia attacks within the next year or two, we can’t rely not only on U.S. assistance – but even on weapons
Radev will also push for strategic dialogue with Russia claiming that Bulgaria would act as “neutral” platform between the EU leaders and Russia. Dealing with Putin for 20+ years, I can safely assume that he would announce being ready to come to Bulgaria. This will be Austria 2.0
Radev's overtures to Russia will start on the energy front. He'll push for Lukoil Neftochim refinery in Burgas to start importing Russian crude again from Novorossiysk (Magyar gets Druzhba reopened, why not Bulgaria?). Also approach Gazprom for renewed gas supplies.
Cunning.
Iran has two tools to inflict pain right now by dragging the whole world into the abyss of the worst systemic risk-driven crisis due to closure of Hormuz and destruction of the energy infrastructure in the Gulf region.
Iran's Foreign Ministry spokesman Esmail Baghaei:
We have no plans for the next round of negotiations.
So it begins. The German security council should read our paper on Global System Rupture and the consequences for DACH-Region. It’s freely available as a manual in preparation of what is coming now. @_FriedrichMerz @bundeskanzler
Merz convenes Germany’s security council over looming jet fuel crunch http://dlvr.it/TS722h
