Riyadh's airport fuel depot burns; Yemen claims strikes on eight Saudi cities. Houthi ballistic missiles and drones hit jet-fuel tanks at King Khalid International, suspending flights. *Here’s a repost of an explainer video in case you didn’t see it on my timeline last night…. youtu dot be/riC3a1m0f-E *
US escalation signals stack up in a single evening. Trump cut Camp David short and returned to the White House with no explanation; Netanyahu cut his US trip short; embassies in nine countries issued near-identical alerts. Meanwhile there was unusually heavy USAF tanker presence over the Gulf. As one observer noted: “Camp David cut short. Pizzas up. Gay bars down. It's over, boys. *Trump cannot and will not stop this was until the US economy lies in ruins. *
Pentagon confirms 28 February strike on an Iranian elementary school in Minab killed 123 children, blames it on “outdated intelligence.” Meanwhile the school was on Google Maps and had its own website.
Iran's seven conditions are sitting on Trump's desk, delivered via Qatar. *List unchanged from earlier, basically spells out total victory for Iran.*
Simplicius’ latest post covers the European governments’ call for their citizens to get ready for war. *Bloodlust, illicit financial gain, or distraction from the fact that all of those nations are going to hell in a handbasket? Probably a bit of all three…*
US diesel sets a 12th consecutive record high; Grassley calling on Trump to embargo diesel exports. *Grassley doesn’t want to maximize shareholder equity?*
EU governments are discussing a bloc-wide windfall tax on energy companies, with gas +24% y/y, diesel +38% and jet fuel over +100%. *Hey anon, sorry you’re getting raped over fuel prices while the oil companies make record profits, but at least we can put some more money in the government coffers.*
Freight is the tell. Shipping 2m barrels West Africa→China hit an all-time high $23.59/barrel, from ~$6.50 in July - a +258% move in two months.
Moscow's largest refinery is on fire. Kapotnya/MNPZ hit by Ukrainian drones. Reports confirm a damaged facility, no casualties. The plant supplies 35-40% of the capital's fuel market and has been struck repeatedly since June. In return Russia struck several oil-related and warehouse targets in and around Kiev while continuing to pound Odessa. As one analyst wryly put it: "Imagine what would have happened if on Monday Ukraine and Russia didn't agree with Trump to stop targeting each other's energy infrastructure."
The Greenland deal reportedly isn't NATO-bound, unlike its 1951 predecessor, after Trump announced permanent US control over security and "all other needs".
***Try to find some peace outside the madness today frens…***
