The operation began in early May off the UAE coast near Fujairah and Omanโs Sohar port, involving at least 92 ships with transponders off and lights dimmed. At least 90 million barrels have moved through the network so far.
The Apache helicopter downed by Iran on June 9 โ which triggered US retaliatory strikes โ was involved in this very operation, four sources tell Reuters. CENTCOM denied participation.
ADNOC and Kuwait Oil Tanker Company are among the most active participants. Operators must pass US Navy compliance screening in Bahrain before being assigned transit windows.
CFR president Michael Froman notes the irony: โThe US is now taking a page out of the playbook of China, Russia, and even Iran, whose dark fleets pioneered these techniques to evade US sanctions.โ
โThis is a temporary solution amid exceptional timesโ โ Washington Institute maritime risk specialist.โโโโโโโโโโโโโโโโ
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Over 14 million barrels per day of oil output remains shut โ roughly 14% of global demand โ with Middle East producers including Iraq, Kuwait, Saudi Arabia, and the UAE all affected.
Oil production recovery is gradual โ analysts at Wood Mackenzie estimate 70% of prior output could return within three months and 90% within six months, with the final 1 million bpd taking considerably longer.
Refining capacity โ up to 3.52 million bpd shut or damaged โ could recover to 90โ95% within 40โ60 days for undamaged plants, but total Middle East repair spending is estimated at $46 billion.
Qatarโs LNG capacity took the heaviest long-term blow โ QatarEnergyโs CEO says Iranian attacks wiped out 17% of capacity for up to five years; full LNG restart requires careful sequencing and weeks of cooldown.
Global oil stockpiles are headed toward their lowest levels since 2003 โ an estimated 1 billion barrels have been drained since the conflict began, worth over $83 billion. Markets face a โhangover for several yearsโ as governments rebuild inventories.โโโโโโโโโโโโโโโโ
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Forwarded from Tabz - Live News (Tabz)
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๐บ๐ธ๐ฎ๐ท๐จ๐ญโก๏ธ โ NEW: The US-Iran memorandum of understanding is scheduled to be signed on Friday at Bรผrgenstock, central Switzerland.
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Forwarded from MaxOsint Intel
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โ Iran, the US and their allies will cease hostilities, including in Lebanon
โ Iran reiterates its commitment not to develop or acquire nuclear weapons
โ US and Iran pledge to resolve issue of disposal of enriched uranium stockpile
โ US and Iran to discuss enrichment issue and Iran's nuclear needs
โ Iran will maintain status quo on its nuclear program as long as negotiations continue
โ The US will lift the naval blockade, not impose new sanctions, and will not increase forces in the region during the negotiations.
โ Iran will make the necessary arrangements to ensure safe passage of commercial vessels through the Strait of Hormuz, free of charge, for 60 days.
โ US pledges to make frozen Iranian assets available for use with implementation of MoU
โ If a final agreement is reached, the US will withdraw its forces within 30 days and lift all sanctions on Iran.
โ Any final agreement will include a plan to establish a $300 billion fund for Iran's reconstruction.
โ US to give Iran temporary sanctions waivers to sell oil during negotiations
โ Negotiations will be held between Iran and Oman with the participation of Gulf policy to define "arrangements regarding shipping and maritime services"
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๐ฎ๐ท๐ฎ๐ฑโก๏ธ โ The Supreme Operational Headquarters of the Iranian Armed Forces threatens to attack Israel if Israel continues to violate the ceasefire in Lebanon.
The statement of the Hatam al-Anbia headquarters was published by the ISNA agency.
It states that if the Israeli army "does not stop its atrocities in southern Lebanon, it should expect a tough response from the powerful armed forces of the Islamic Republic of Iran".
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The statement of the Hatam al-Anbia headquarters was published by the ISNA agency.
It states that if the Israeli army "does not stop its atrocities in southern Lebanon, it should expect a tough response from the powerful armed forces of the Islamic Republic of Iran".
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