"The biggest energy crisis in human history is ahead" - Russian oil exports to stop after Ukraine attacks

by Brian Shilhavy
Health Impact News

Iran has suspended passage to all ships trying to pass through the Strait of Hormuz as it prepares for a possible ground attack by US forces, which are expected to arrive in the region this week.

In this interview with independent journalist Pepe Escobar, he reveals how Iran’s parliament is passing laws requiring up to $2 million to be paid by every ship passing through the Strait of Hormuz, but in Chinese yuan.

President Trump has reportedly delayed any attacks on Iran’s energy and infrastructure, but Israel reportedly bombed only one Iranian steel producer, prompting Iran to issue immediate evacuation warnings for major steel plants across the region, declaring them imminent military targets.

Iran has also vowed to target power generation facilities in the UAE if they join the war.

Here’s a nice interview with Pepe Escobar that aired about an hour before I wrote this article:

Meanwhile, Ukraine has bombed Russian ports and refineries in the Baltic Sea, knocking out about 40% of Russia’s oil export capacity, as Russia is now suspending all oil exports until it can be brought back online.

From OilPrice.com:

Russia warned of a state of emergency after the port was disrupted by oil shipments

Quotes:

Russian oil exporters are warning buyers that cargoes will not be delivered from the country’s key Baltic ports at all.

Russian producers now say they may declare a state of emergency on shipping from key Baltic Sea ports after a wave of Ukrainian drone strikes destroyed critical infrastructure this week.

The epicenter of the earthquake is Ust-Luga, one of Russia’s most important export terminals, where oil loading has been suspended since Wednesday following a series of attacks by Ukraine and a fire that was still burning as of Friday. Industry sources told Reuters that shipments would not resume until mid-April.

Neighboring Primorsk, another pillar of Russia’s Baltic export system, fared only slightly better. It is damaged but has partially recovered the download. However, he is partially doing a lot of work here. Together, these two ports account for a large share of Russia’s crude oil and marine products.

Reuters estimates show that up to 40% of Russia’s oil export capacity is currently offline amid port accounting, pipeline shutdowns and tanker seizures.

Ukraine seems to be targeting Russia’s export capacity. President Volodymyr Zelensky has hinted that the prolonged strikes are designed to maintain pressure just as sanctions are being eased and Russian barrels are returning to global markets.

Russia may try to divert the flow through alternative points, including Black Sea ports or internal networks. But capacity is limited and these routes are already under pressure.

The possible declaration of force majeure comes at a time when the oil market is already under pressure. The effective closure of the Strait of Hormuz has already removed a large part of the supply of oil and LNG from the market. Now there is a layer on top of Russia’s export ban, and the result is a system with very little slack.

This prompted Kremlin envoy Kirill Dmitriev to declare that “the most powerful energy crisis in human history is ahead.”

From RT.com:

The most powerful energy crisis in human history is ahead – Putin’s messenger

Kirill Dmitriev said that the EU and Great Britain are not ready and face deindustrialization after rejecting Russian oil and gas.

Quotes:

Kremlin envoy Kirill Dmitriev said the world is heading towards the worst energy crisis in history and Europe is not ready. The warning comes as the escalation of conflict in the Middle East has destabilized global energy markets.

On Thursday, Dmitriev, who heads the Russian Direct Investment Fund (RDIF) and is President Vladimir Putin’s special envoy for investment and economic cooperation, said he had previously predicted that oil prices would rise above $100 a barrel in the event of a similar conflict.

“At that time, no one believed,” he said, adding that now some market participants are considering the possibility of price increases up to $150 and even $200.

“We see that the worst energy crisis in human history is approaching. Neither the European Union nor the United Kingdom is ready for thisDmitriev said on the eve of the RDIF congress.

He added that Brussels and London “shot themselves in the foot” by rejecting Russian oil and gas, and the consequences of this are only beginning.

Dmitriev warned that the European Union was facing deindustrialization and that Britain was in “big trouble”, saying it was the result of the election of European Commission President Ursula von der Leyen and other Russophobic politicians.

It appears that some Wall Street investors are finally waking up to the fact that Trump has been lying to them, as one analyst contradicted Treasury Secretary Scott Bessent’s statement about the US fuel shortage.

From MarketWatch:

JPMorgan analyst Scott Bessent’s ire is once again tempting with predictions of oil shortages, possibly in California

Global oil reserves are already dwindling

Quotes:

The JPMorgan commodities analyst, previously criticized by US Treasury Secretary Scott Bessent over his analysis of the impact of the Iran war, is now predicting a global shortage, possibly in California.

This appears to directly contradict a statement made at a cabinet meeting in which Bessent said “the US oil market is well-supplied.”

Natasha Kaneva, head of JPMorgan’s global commodities strategy group, came under fire from US Treasury Secretary Scott Bessent earlier this month when he questioned the ability to insure oil tankers seeking safe transit through the Strait of Hormuz.

The scenarios he now projects are troubling for traders, economists and consumers alike.

Caneva’s observation may be of particular concern given that California is particularly vulnerable because it is the most vulnerable region in the U.S. The state is structurally isolated from the broader U.S. system and heavily dependent on imports from Latin America, Canada, Asia, and the Middle East.

“As a result, the US will initially experience a price shock, but for the West Coast, this will likely turn into a physical supply problem in late April and May as replacement options dwindle and competition for suitable oil intensifies.“, she said.

Kaneva and report authors Artem Fakhretdinov and Luba Savinova begin with the following prediction:

“Like during the pandemicshocks occur sequentially rather than simultaneously—disruptions to supply transport move westward, time-bound and unevenly buffered by regional resources..”

Here are some other articles from us Telegram channel:

How the secret code of the yellow boat is changing the Constitution in America’s states and schools

From Exposing the laws of Noah and defending the faith:

Quotes:

While we are all preoccupied with the war in Iran, distracted by rising gasoline prices, and worried about the stability of our homes, Chabadniks are happy campers and steadily infiltrate our government offices.

They make sure that “Teach and Share Day”—a perfect cover for promoting the Noahide Laws—continues its quiet march across the American landscape.

This year they reached a new milestone in their campaign, distributing beautiful yellow or blue plastic Noah’s Ark – the ARK program.

To the unsuspecting “goy”, these look like nothing more than an innocent little box for loose coins, a playful way to encourage children or politicians to do simple acts of kindness.

But for chabadniks, this is a symbol of higher order.

It is a physical sign of the Rebbe’s world mission and the rite of obedience of the Gentiles to the laws of Noah – a process that occurs step by step, a little here and a little there, and is ever deepening in our civil life.

The trick here is to make these symbols look innocent so that no one will notice the religious agenda behind them. For people, it’s just a “nice boat” for charity.

But in the world of Chabad, Ark has the cabalistic meaning of “black.”

They believe that the world is “broken” and that specific rituals, such as tossing a coin into this specific jar, are the only way to “fix” creation and “sweeten” God’s judgment.

By placing these on the desks of our elected officials, they clearly indicate that our constitutional laws are secondary to this Talmudic system. It is a way of “training” our leaders to obey a spiritual order that most Americans have never even heard of.

It’s not just happening in Texas. In Alabama, the governor has already signed a paper declaring that the Noahide laws are the “scepter of society” and telling citizens that they must actually “enforce” them.

DF ‘on the brink of collapse’: opposition leader, military chief

by Daily Sabah:

Quotes:

Israel’s military leadership and opposition have warned that the Israel Defense Forces are close to collapse under the strain of a multi-front war, citing severe manpower shortages and a lack of clear strategy.

“The IDF is stretched to the limit and beyond. The government leaves the army wounded on the battlefield,”

According to Israeli media, the leader of the opposition, Yair Lapid, said in a televised statement that the military commander, Lt. Gen. Eyal Zamir, will give a warning to the security cabinet.

“The government is sending the army into a multi-front war without a strategy, without the necessary resources and with very few soldiers.“They took cloths.

According to the media, Zamir told the security cabinet that “The CIS is on the verge of collapse.”

Military spokeswoman Gen. Effie Defrin said in a televised briefing Thursday about the troop shortage that “more combat troops are needed” on a number of fronts, particularly in Lebanon.

“On the Lebanese front, the forward defense zone we are creating will require additional IDF forces.,”

Defrin said he also mentioned the growing needs in the occupied West Bank, Gaza and Syria.

Lapid said that Zamir told the cabinet that he will replace the sixth and seventh rotation.

“These reservists are worn and tired and can no longer meet our security challenges“They took cloths.

“The army does not have enough soldiers to carry out its duties.”