Will Cunliffe
Research Analyst, The Officials
The pirates of Persia
Russia’s refinery capacity is on the brink, OPEC’s monthly report doesn’t make for pretty viewing, and US consumers are not loving inflation
Russia’s refinery capacity is on the brink, OPEC’s monthly report doesn’t make for pretty viewing, and US consumers are not loving inflation
The pirate is coming back! But this is not the Caribbean. Iran has far more spine. Trump is going full Venezuela mode! And he wants other countries riches. Full on thievery. Trump wants to take control of Iran’s oil and gas. That means occupying Kharg Island – boots on the ground…? Hmm... His objectives are being very openly advertised, reminding some market sources of June last year and the choreographed exchange of missiles to de-escalate the 12 Day War. We can only hope he pulls back before American losses convince him or the country of his insanity. Trump said he’s now less interested in reaching a deal – like a toddler who’s bored of playing with a certain toy he can master. But you can tell the Gulf countries are getting tired of the noise and bombing.
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