Combined with the end of the emergency drawdowns the dismantling of Saudi Arabia’s energy infrastructure was the final straw. Iran itself hasn’t even escalated beyond SOH in any notable way – yet. The algo gaming no longer works.
BREAKING: Chevron CEO Mike Wirth says the fuel crisis oil executives warned would follow a prolonged closure of the Strait of Hormuz has now officially arrived, with the mechanisms that mitigated price and supply risk having “largely now played out” and the system holding nowhere…
— The Hormuz Letter (@HormuzLetter) September 15, 2026
MAJOR: Saudi Arabia is CANCELLING shipments of crude to Europe after the catastrophic destruction of the Saudi East-West Pipeline in recent days, paired with Ansarallah strikes against various Saudi infrastructure. https://t.co/Wfvpvm9e0F
— Brett Erickson (@BrettErickson28) September 15, 2026
The black swans keep appearing left and right.
The hits keep coming.
Libya is not some peripheral supplier, it provided over 9% of the EU’s crude oil imports last year, with Italy, Germany and Spain among its biggest customers.
Europe is watching another major source of crude come under pressure at exactly the wrong time. https://t.co/3F2c22QCM2
— DD Geopolitics (@DD_Geopolitics) September 15, 2026
The Chief Oil Analyst for Gulf Oil is warning of “staggering increases at the pump for both gasoline and diesel” over the next 24 hours. https://t.co/3E1vCVfakS pic.twitter.com/tMOtDVzbyH
— Laura Miers (@LauraMiers) September 15, 2026
Why would Libya suddenly be cutting off their oil supply from market? After all we did for them by backside bayonetting Gaddafi and: we came, we saw, he died? He was ruining northern Africa by raising the standard of living in Libya off oil revenues and creating an alternative currency that would stabilize the region to help countries grow economically. What a rotten scoundrel that one. Now Libya is run by sex traffickers and criminals, what better country could you ask for, I mean, really? I’m telling ya, no respect, we never get no respect. Oh, and one more thing, we just bombed Somalia for the 81st time this year, in honor of the USA’s 250th birthday. No respect, I’m tellin’ ya, no gratitude, what a world, what a world!
LoL, Rodney Dangerfield, best Jew comedian of all time.
Yes, saw him live twice, no one laughs or is funny anymore. Thanks for great posts.
When I was a kid (true story), my father took me to the zoo and left me there, but they said they already had enough monkeys. No respect I’m tellin’ ya.