The UK will not loosen sanctions on Russian oil.
Energy Minister Michael Shanks told BBC's Today programme: "Sanctions are important" and warned of the consequences of Putin having an opportunity to invest more in the Ukraine war.
The US is easing sanctions on Russian oil stranded at sea to “curb price rises”.
Thank you.
Morning Bluesky.
Let’s not go there.
A stew of incompetents.
“The Pentagon and National Security Council significantly underestimated Iran’s willingness to close the Strait of Hormuz in response to US military strikes while planning the ongoing operation.”
They’re not releasing enough information to make sense of it. One minor press release and a briefing to CBS.
A Drone attack wounded six French soldiers at the joint Peshmerga-French base in Makhmour in Iraqi Kurdistan, Reuters reports.
They may have hit each other. We’ll see.
A mid-air collision, I would think.
CENTCOM says a US KC-135 refuelling aircraft went down with a crew of six in western Iraq.
Another KC-135 was hit and landed in Israel.
CENTCOM said the incident was not caused by hostile or friendly fire.
Rescue operations are ongoing.
Brent Crude closed the day above $100 a barrel for the first time in three and a half years.
The school shooting at Old Dominion University in Norfolk, Virginia, was allegedly committed by a former Army National Guardsman who was convicted of giving material support to ISIS, an FBI official told ABC News.
If the Strait of Hormuz remains closed for one month, Brent crude could spike to around $100, Bloomberg Economics says.
About $130 with a two-month disruption.
And up to $150–160 if the closure lasts three months.
Russia has gained a boost of $1.3–$1.9 billion in additional oil tax revenue as global prices surged due to the Iran War, the FT reports.
Karaj, west of Tehran. Airstrikes.
Why didn’t he just put a bounty on their heads?
Healey also said Iran is likely going ahead with mining the Strait of Hormuz which it would be difficult to clear during wartime.
🫡
This was the 3155th take.
In the continuing adventures of Make America Stupid Again, UFC fighters will travel to Quantico to train FBI agents.
(Link in next post)
Brent Crude now up more than 8 dollars today to $99.73 a barrel.
According to US Energy Secretary Chris Wright Iran’s claim that the price will reach $200 a barrel is “unlikely”.
Which may not fill you with confidence.
I literally live next to an elementary school and I can't tell you how many times I've mistaken it for a nuclear reactor.