Iron Maiden makes the turn.

"Kharg is by far the most strategically important economic target." 

Oh?

"Further to the announcement by QatarEnergy to stop production..." 

"The tanker was likely en route to China..." 

"... that would start to tighten global supply-demand and open up more volume opportunities for US producers." 

Asian refiners, particularly state-held majors heavily dependent on Middle East oil supply, are considering slashing crude run rates by up to 30% amid the war...

Brent’s premium to the Middle East’s Dubai benchmark has blown out to its widest level since 2022, confirmation that the global oil market is squarely trading on disruption...

"A major fire broke out at Fujairah port, UAE, one of the world's largest oil storage facilities..." 

A level critics argue borders on ridiculosity.

Frozen. 

...history tells us that the crucial aspect is considering the sensitivity of oil price changes to the duration of the conflict (or disruption).

"The attack on Saudi Arabia's Ras Tanura refinery marks a significant escalation..." 

Today's oil surge - which is fading fast - is not that big in the grand scheme of geopolitical conflicts...

Fires were still burning at key oil transit site Monday morning...

And it's heating up...

Oil is set to open more than 10% higher, with WTI trading around $75 and Brent set to rise over $80.

"Prices will respond to developments in the Gulf and the status of shipping flows, not to a relatively small increase in output."

“To strengthen the cost efficiency of solar expansion, a stronger focus will in future be placed on cost-effective solar parks”

The DOE released a Notice of Funding Opportunity offering up to $171.5 million for next-generation geothermal field tests and resource exploration...