Hints and tips:
...“The question for the Biden administration is whether they have any incentive to utilise the sanctions architecture that the Trump administration used to take down Iran exports by 1mn b/d,” said Helima Croft...
...“The recent increase in confrontation with Iran heightens already elevated geopolitical risks for Israel....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
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...Stock markets across Asia sold off on Friday amid reports that Israel launched a retaliatory attack against Iran. Japan’s Topix led losses, shedding 1.9 per cent....
...Monetary policy: Atlanta Fed president Raphael Bostic, New York Fed president John Williams and Fed governor Michelle Bowman appear at public events....
...Brent crude, the international benchmark, traded as high as $92 a barrel on Friday after breaking above $90/b last week for the first time since October....
...Three US service members have been killed by a drone attack on a military base carried out by “radical Iran-backed militant groups” in north-eastern Jordan, the White House said on Sunday....
...Here to talk with me about it is the FT’s William Sandlund. Hi, William. William Sandlund Thanks for having me on....
...Additional reporting by William Sandlund in Hong Kong...
...Additional reporting by William Sandlund in Hong Kong and Najmeh Bozorgmehr in Tehran...
...Analysts estimate Opec+ has about 6mn b/d of spare capacity it can unleash on to global markets to lower prices if they spike into the triple digits to prevent demand destruction....
...Iran’s foreign minister will visit Islamabad after the neighbouring countries exchanged missile strikes earlier this month....
...US production rose by roughly 1.5mn b/d to a record 13.5mn b/d in 2023 while that of Iran increased to an average of roughly 3.9mn b/d from about 3mn b/d a year earlier, said Claudio Galimberti, North America...
...China has called for safety of navigation in the Red Sea, where Iran-backed Houthi rebels have disrupted commercial shipping with drone and missile attacks in retaliation for Israel’s invasion of Gaza....
...Oil futures rose on Monday morning in Asia after President Joe Biden said three service members were killed in a drone attack by Iran-backed militants on a US military base in Jordan....
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...“On factory floors across the nation, our autoworkers are making cars and trucks that give American drivers a choice — a way to get from point A to point B without having to fuel up at a gas station,” said...
...The US and the UK last week carried out military strikes against the Iran-backed Houthi rebels in Yemen....
...Iran-backed Houthi rebels in Yemen have increased attacks on global shipping vessels moving through the Red Sea in response to Israel’s offensive in Gaza in recent months....
Beijing reforms unloved SOEs to win back investors
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