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Meoryou excellent post

Hoping for peace

We know the infrastructure of the oil plants and gas have been damaged

Every one knows it will take some time ( years )

We have all done well here Peace for the world

Https://www.livecharts.co.uk/MarketCharts/brent.ph

Once today has closed

We know the infrastructure of the oil plants and gas have been damaged

Every one knows it will take some time ( years )

We have all done well here Peace for the world

What’s in Iran’s 10-point plan?

As we’ve been reporting, the Iranian National Security Council says talks with US will begin in Islamabad on April 11, based on a 10-point plan it has formulated.

According to that statement, the plan includes:

“controlled passage through the Strait of Hormuz in coordination with the Iranian armed forces, which would grant Iran a unique economic and geopolitical position,”

“the necessity of ending the war against all elements of the axis of resistance,”

“the withdrawal of US combat forces from all bases and deployment points in the region,”

“the establishment of a safe transit protocol in the Strait of Hormuz in a way that guarantees Iran’s dominance according to the agreed protocol,”

“full payment of Iran’s damages according to estimates,”

“the lifting of all primary and secondary sanctions and resolutions of the Board of Governors and the Security Council,”

“the release of all Iranian assets and properties frozen abroad,”

“and finally the ratification of all these matters in a binding Security Council resolution.”

Https://www.livecharts.co.uk/MarketCharts/brent.php

Hoping for peace

Iranians gather at power plants and bridges after Trump threat - and official's human chain comment

Images and videos from Iranian state media appear to show people protesting outside power plants and bridges inside the country.

It follows suggestions from an Iranian official for young people to form "human chains" around key infrastructure sites that could be targeted in US-Israeli strikes.

A video shared by the Fars news agency showed people holding a large Iranian flag across the iconic Pol Sefid, an arch bridge in Ahwaz, southwest Iran.

Another video purported to show a "chain of students" on the historic Old Bridge in Dezful, southwest Iran.

Competition for supply from Asian and European refiners to replace disrupted Middle Eastern oil ​flows has helped to drive up the prices of replacement crudes for more immediate delivery, such as those in Europe and Africa.

As a result, some crudes are hitting records already. The outright price of North Sea Forties crude reached $146.09 a barrel on Tuesday, ​according to LSEG data, above the 2008 level and an all time high.

The main driver of prices such ​as that of Forties is "panic" over supplies, said Adi Imsirovic, a veteran oil trader. "When there is a real, physical shortage, people ‌are not ⁠thinking about July delivery - June loading and hence June futures prices - but oil NOW."

Hormuz closure creates very tight market for oil delivered soon, analysts say

North Sea Forties crude reaches record high outright price, LSEG data shows

Panic over supplies is driving physical prices higher, expert says

LONDON, April 7 - European and ‌Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the U.S.-Israel war with Iran.

The Iran war has forced the shutdown of at least 12 ​million barrels per day - about 12% of world supply - from the Middle East due to Iran's effective ​closure of the Strait of Hormuz. As a result, Brent oil futures reached $119.50 a ⁠barrel last month, the highest since 2022 although still short of the 2008 record high of $147.50. The nearby ​Brent contract is for June delivery.

Reuters

Onwards and upwards 😄

Initial reports appear to show that the island’s oil export hub was hit in the strikes, which could cripple crude oil flow to the region.

U.S. Strikes More Than 50 Military Targets on Kharg Island

Iran's crucial oil export hub, Kharg Island, has been targeted by strikes, with a US official confirming attacks on military sites.

The Islamic Revolutionary Guard Corps declared ”restraint is over”, threatening a response “beyond the region” and long-term disruption of global oil and gas supplies if the US crosses red lines.

U.S. President Donald Trump’s deadline to “decimate” Iran's civilian infrastructure if the Strait of Hormuz remains closed is imminent, with the leader dismissing concerns about potential war crimes.

Tehran has rejected a temporary ceasefire, demanding a permanent end to the conflict, guarantees against further attacks, and compensation for damages.

In separate incidents, one person was killed and three were injured in a shooting near the Israeli consulate in Istanbul, and a container vessel was attacked near the Strait of Hormuz, sustaining damage.

Another paper

The Mehr news agency is reporting an attack on Kharg Island, which would be a major development if confirmed.

We have previously seen attacks on military sites on the island, not the oil infrastructure.

When it comes to oil, the island is critically important because of the large share of exports that go through it.

Harmonica That’s in the news

Not my views

Although I agree with it

several blasts have been reported in iran’s capital, tehran, after overnight strikes killed at least 15 people across the country.

the israeli military said it struck an iranian petrochemical compound in shiraz, while the irgc said it launched retaliatory strikes on us companies operating in saudi arabia shortly after.

the israeli army issued a statement warning iranians against using trains for their “safety” until 9pm local time (17:30 gmt).

israeli media reported damage in central israel after iran launched several projectiles, which hit areas including rosh haayin and ramat hasharon.

iran’s ambassador to ****stan said diplomatic efforts to bring the war to an end have reached a “critical” stage, without offering more details.

the king fahd causeway, an important bridge linking saudi arabia and bahrain, has been indefinitely closed to traffic as both countries face attacks from iran.

US lawmakers urged members of Trump’s administration to remove him from office by invoking the 25th Amendment of the US Constitution, which provides for a transfer of power if the president is unable to serve.

Webcast details

Chief executive officer Meg O'Neill; deputy chief executive officer, Carol Howle; and chief financial officer Kate Thomson, will host a question-and-answer session from 1pm BST/8am EDT and is expected to finish around 1.45pm BST/8.45am EDT

Date

Tuesday 28 April

Time

1pm BST/8am EDT - 1.45pm BST/8.45am EDT (approx)

US President Donald Trump has warned of the “complete demolition” of Iran’s power plants and bridges in a matter of hours if the Strait of Hormuz is not fully reopened by Tuesday’s deadline.

Trump says Iran’s response to the US ceasefire proposal, conveyed through intermediaries, is “significant”, but “not good enough”.

Iran’s military says Trump’s threats are “delusional” and cannot make up for the “disgrace and humiliation” of the US in the region, according to a statement in Iranian media.

US-Israeli attacks across Iran killed at least 34 people throughout Monday as Iranian missiles and drones continued to target key sites in Gulf countries.

An Israeli air strike has killed at least 10 people near a school sheltering displaced Palestinians in central Gaza.

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Experts say targeting civilian infrastructure is a war crime.