Editor’s note: it’s a slow news day, most stories on auto-repeat…
Pentagon orders CENTCOM to finish preparing for resumed strikes on Iran. The “major combat operation” includes energy, infrastructure and nuclear targets. US and Israeli sources say strikes could come before the Nov 3 midterms. I’m tired, boss.
Iran's tanker strikes move out of the Strait: a tanker was hit by multiple projectiles 51nm north of Qatar, with crew casualties reported; hours later, a vessel fire was detected on an Emirati supertanker ~30nm east of Fujairah in the Gulf of Oman.
Saudi Arabia's civil aviation authority (GACA) confirms Yemeni missiles or drones struck King Khalid (Riyadh) and Abha airports on Oct 6-7, and lists casualties. Other airports were attacked as well.
Tanker rates are at an all-time high and now add $40+/bbl. Diesel crack spreads are back above $100, and Dated Brent is near its record while most buyers "still can't get physical oil”. The IEA's "accelerated" ~100M barrels are barrels already pledged. Diesel jumped once traders realized that. Trump strong-armed Europe into releasing diesel that was already spoken for. There’s that “art of the deal” shitbaggery again.
Dozens of Russian cruise missiles and 100+ drones hit targets across Ukraine overnight. Kiev’s right bank fully without power, with emergency cuts and outage schedules that "no longer work”. Even pro-Ukrainian analysts expect Kiev to face food, electricity, water and heating shortages. Ukraine retaliated with hits on two oil facilities and a training ground in the Perm, Samara and Astrakhan regions.
NATO's Military Committee is in Kiev for the first time in eight years, with all 32 members represented. NATO's top commander in Europe, Grynkewich, presents a "Theory of Victory" at the Warsaw Security Forum on Oct 12-13. Meanwhile the EU ambassadors agreed a 22nd sanctions package. I’ve run out of metaphors to describe the insanity.
The 10Y auction cleared at 5.300%, the highest auction yield since November 2000. US 30Y reached 5.73%, the highest since 2002. Numbers look just as bad in France, Germany, UK. When “number go up” is the wrong number…
Hurricane Isaias threatens to disrupt Gulf of Mexico oil production and college football games this weekend. The apocalypse is upon us.
Man monitors his Keurig coffee machine’s internet activity, measures that it uploads 1 terabyte of data in 10 days. Ignoring the fact that he’s a flaming homosexual for buying a coffee machine with a wifi connection, that is easily hundreds of hours of audio and video.
Keep your situational awareness up out there today, you never know when something might happen…
