🇺🇸🛢️❌🇮🇷 - President Trump says Iran will be hit "20 times harder" if they do anything that "stops the flow of oil within the Strait of Hormuz."

🔗 The Kobeissi Letter

🚨🌐📡 - Satellite company planet has announced a *14 day delay* to the release of imagery in the MidEast.

This will be a huge setback for those trying to verify events in the region.

🔗 Geoff Brumfiel

📝 - This, along with the crackdown on Pro-Iranian accounts seen in recent days, are part of a widespread effort to censor the results of the current fighting. It is not hard to draw conclusions from that.

🇺🇸🇮🇱❌🇮🇷-Iran’s IRGC says any Arab or European country that expels Israeli and U.S. ambassadors from will be granted full freedom of passage through the Strait of Hormuz starting tomorrow, according to Iranian state media.
🔗Drop Site News

The Hungarian Parliament has overwhelmingly approved a resolution rejecting Ukraine’s accession to the EU and opposing further EU financing of Ukraine’s military needs, Hungarian TV channel ATV reported.

A total of 142 members of parliament voted in favor, 28 against, and four abstained.

The resolution calls on the government not to support the start of negotiations on Ukraine’s EU accession due to the war and what it describes as Ukraine’s “non-compliance” with membership criteria. It also urges the government not to send Ukraine money or weapons and to prevent the allocation of EU funds for this purpose.

The document claims that the EU allegedly plans to finance Ukraine’s military needs by reducing agricultural subsidies, which it says would harm Hungarian farmers.

Therefore, its authors call on the government to “take all necessary measures to prevent Hungary and the EU from being drawn into the Russian-Ukrainian war.”

Oil Supply Down 17 MMbpd as Strait of Hormuz Effectively Shuts — S&P Global

The Iran war has crossed a threshold that energy markets feared but few modeled in operational terms. With the Strait of Hormuz effectively closed, S&P Global estimates that roughly 17 million barrels per day of crude oil and refined products have been disrupted — a figure that represents more than 15% of total global supply. Tanker traffic through the strait has halted, storage tanks across the Persian Gulf are filling, and Gulf producers including Saudi Arabia have begun cutting output as export routes disappear.

Oil prices breached $100 per barrel as the crisis intensified, with analysts warning that even a few weeks of sustained closure could push Brent above $150/bbl. Saudi Aramco has rerouted what it can through its Petroline and Red Sea terminals, but that infrastructure has a maximum throughput of approximately 7 million barrels per day and is itself exposed to Houthi and Iranian targeting. QatarEnergy has declared force majeure, halting LNG production at Ras Laffan and Mesaieed industrial cities — a decision that sends shockwaves through global gas markets simultaneously.

The supply shock is no longer a tail risk scenario; it is the base case, and the market is now pricing duration rather than probability.

🔎 Source

@songofoil

🇶🇦 QatarEnergy Halts Production and Declares Force Majeure Across LNG and Industrial Operations

QatarEnergy has declared force majeure and halted production at its Ras Laffan and Mesaieed industrial cities, the twin anchors of Qatar's LNG export empire. The decision affects not only liquefied natural gas output but also aluminum, methanol, polymers, and urea production — a cascade of industrial shutdowns tied directly to escalating hostilities in the Arabian Gulf.

Qatar is the world's second-largest LNG exporter, supplying markets from Europe to Japan and South Korea under long-term contracts that underpin energy security strategies across three continents. A force majeure declaration removes Qatar's contractual obligation to deliver, leaving buyers exposed precisely when alternatives are already constrained. Europe, which has spent three years diversifying away from Russian pipeline gas and toward Qatari and American LNG, now faces the loss of both supply corridors simultaneously. Japan and South Korea have no pipeline alternatives whatsoever.

For global LNG markets, the QatarEnergy force majeure is the single most consequential supply event since Russia's curtailment of Nord Stream flows in 2022, and spot LNG prices in Asia will reflect that reality within days.

🔎 Source

@songofoil

🇸🇦 Saudi Aramco Profits Fall 12% to $104.7 Billion as Hormuz Disruption Forces Export Rerouting

Saudi Aramco reported full-year 2025 net income of $104.7 billion, a 12% decline from the prior year as lower average oil prices compressed margins across its upstream operations. The company maintained its $85 billion dividend commitment, beating quarterly profit estimates, but the headline numbers mask a more urgent operational challenge: ongoing disruptions in the Strait of Hormuz are forcing Aramco to reroute crude exports through its Red Sea pipeline infrastructure, adding cost, logistical complexity, and exposure to a second contested waterway.

Aramco's Petroline — the East-West crude pipeline — and the Yanbu export terminal on the Red Sea are now carrying a disproportionate share of Saudi export volumes. That infrastructure was designed as a strategic bypass, not a primary export corridor, and its capacity ceiling is well below normal Aramco export volumes of around 6 to 7 million barrels per day. The company itself warned of catastrophic consequences for global oil markets if Hormuz shipping does not resume, a rare instance of Aramco using geopolitical language in an earnings context.

With profits already under pressure from price levels and export routes compromised by war, Aramco's financial resilience is being tested on two fronts simultaneously.

🔎 Source

@songofoil

NEW - Meta’s former chief AI scientist Yann LeCun raises more than $1B for his new startup in Europe’s largest-ever seed funding round. AMI’s backers include Nvidia and Bezos, with it's initial focus on healthcare, partnering with Nabla, founded by ex-Meta engineers.

Read here: https://www.disclose.tv/id/1j63od9ozq/

@disclosetv

⚠️ Update: At 240 hours, #Iran's internet blackout is now among the most severe government-imposed nationwide internet shutdowns on record globally, and the second longest registered in Iran after the January protests, with the country having spent a third of 2026 offline.

Hyperliquid has crossed ~$4 Trillion in cumulative perp volume — link | AI comment

BREAKING: A record 39.3 million barrels of sanctioned crude are sitting on tankers off China's coast.

The stockpile includes 30.2 million barrels from Iran, 5.6 million from Venezuela, and 3.5 million from Russia.

This is up +454% from October and +17% from levels seen prior to https://t.co/hirX1mGKoF
(@TheKobeissiLetter)

🇸🇦🇦🇪🇶🇦🇺🇦🇮🇷 - Ukrainian President Zelensky:

"Ukraine has sent air defense experts to Saudi Arabia, the UAE, and Qatar".

@thewarreporterr

‼️🇮🇷❌🇦🇪 - The hit vs. intercept rate for ballistic missiles and drone attacks since Feb. 28 for the UAE through today. Today is not like prior days.

Small numbers here but some signs the UAE's intercept rate is decreasing and that the air defense network is fraying. 25% of Iranian drones made it through today which is an all-time high since the onset of hostilities. (Previous high was 10% of drones hitting UAE on March 3.)

🔗 Christopher Clary