Also not oil related
“One-fifth of global oil supply and a quarter of LNG transits the [Hormuz] straits.” – Oil Brokerage Ltd.
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Not gonna lie. I had to look that up…
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5:00 “Israel Estimated to be ready for invasion of Gaza 15th-18th Oct”
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Iran and Saudi Arabia are in talks about the Gaza situation and support for Hamas. Obviously, this would not be in the best interest for Saudi’s relations with the western countries and the ties to oil. Something to watch and me in mind.
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Thought this was worth putting here, sorry not oil related. Biden expected to ask for $100bln in aid for Ukraine and Israel. To put this in perspective the US has given Ukraine 75b between Jan 22 and July 23.
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