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𝐖𝐡𝐞𝐧 𝐠𝐥𝐨𝐛𝐚𝐥 𝐟𝐮𝐞𝐥 𝐩𝐫𝐢𝐜𝐞𝐬 𝐞𝐱𝐩𝐥𝐨𝐝𝐞𝐝, 𝐦𝐨𝐬𝐭 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐩𝐚𝐬𝐬𝐞𝐝 𝐭𝐡𝐞 𝐬𝐡𝐨𝐜𝐤 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐭𝐨 𝐭𝐡𝐞𝐢𝐫 𝐜𝐢𝐭𝐢𝐳𝐞𝐧𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐈𝐧𝐝𝐢𝐚 𝐜𝐡𝐨𝐬𝐞 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐩𝐚𝐭𝐡. As the West Asian crisis pushed Brent crude above $100 per barrel, countries across the world saw massive fuel hikes — Myanmar up to 112%, the US around 45%,... and Pakistan over 50%. In comparison, India limited the increase in petrol and diesel prices to around 3%. For 76 days, India’s public-sector oil companies absorbed massive losses instead of immediately burdening citizens. The ₹3 revision announced in May was the first major increase in nearly four years. This stability reflects strong energy planning, diversified imports, and decisive leadership. 👉 𝐖𝐚𝐭𝐜𝐡 𝐡𝐨𝐰 𝐈𝐧𝐝𝐢𝐚 𝐦𝐚𝐧𝐚𝐠𝐞𝐝 𝐚 𝐠𝐥𝐨𝐛𝐚𝐥 𝐟𝐮𝐞𝐥 𝐬𝐡𝐨𝐜𝐤 𝐰𝐡𝐢𝐥𝐞 𝐩𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐧𝐠 𝐜𝐢𝐭𝐢𝐳𝐞𝐧𝐬 𝐟𝐫𝐨𝐦 𝐫𝐮𝐧𝐚𝐰𝐚𝐲 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧.show more

BJP

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#WATCH | Mumbai, Maharashtra | On the situation in the Strait of Hormuz and its impact on India's oil imports, former HR Director of Bharat Petroleum Corporation Limited Raj Kumar Dubey, says, "Earlier, we used to source oil from 20 countries; however, due to changes over the last 7-8 years, we are now importing oil from 41 countries. As soon as the Strait of Hormuz was blocked, we initiated discussions with other nations. We drew from our strategic reserves and operated refineries at full capacity... When the crisis began, 40-50% of our oil was being imported via the Strait of Hormuz. Initially, oil companies absorbed the losses themselves. When crude oil prices began to rise, the government took the burden of the loss upon itself. Excise duty was reduced to keep oil prices in check, and the benefits of this are clearly visible. While oil prices in other countries surged by up to 60%, the increase here remained around just 8-10%..." (30.06)

#WATCH | Mumbai, Maharashtra | On the situation in the Strait of Hormuz and its impact on India's oil imports, former HR Director of Bharat Petroleum Corporation Limited Raj Kumar Dubey, says, "Earlier, we used to source oil from 20 countries; however, due to changes over the last 7-8 years, we are now importing oil from 41 countries. As soon as the Strait of Hormuz was blocked, we initiated discussions with other nations. We drew from our strategic reserves and operated refineries at full capacity... When the crisis began, 40-50% of our oil was being imported via the Strait of Hormuz. Initially, oil companies absorbed the losses themselves. When crude oil prices began to rise, the government took the burden of the loss upon itself. Excise duty was reduced to keep oil prices in check, and the benefits of this are clearly visible. While oil prices in other countries surged by up to 60%, the increase here remained around just 8-10%..." (30.06)

ANI

73,921 görüntüleme • 2 ay önce

𝐈𝐧𝐝𝐢𝐚 𝐢𝐬 𝐬𝐭𝐞𝐚𝐝𝐢𝐥𝐲 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐚𝐬 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝'𝐬 𝐧𝐞𝐱𝐭 𝐬𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐩𝐨𝐰𝐞𝐫𝐡𝐨𝐮𝐬𝐞. 🇮🇳💻 For decades, India led the world in software. Now, under PM Modi's leadership, the nation is laying the foundation to become a global semiconductor manufacturing hub. 🔹 India's semiconductor market is projected to grow from $45–50 billion today to $120 billion by 2030 🔹 ₹76,000 crore allocated under the India Semiconductor Mission 🔹 Target to meet over 60% of India's chip demand through domestic production by 2035 🔹 Massive investments in fabs, packaging and testing facilities across multiple states 🔹 Around 2 million new jobs expected by 2035 across manufacturing, design and allied sectors 𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐡𝐨𝐰 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐬𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐜𝐨𝐮𝐥𝐝 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲'𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐦𝐚𝐤𝐞 𝐢𝐭 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐟𝐨𝐫𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧. ⬇️

𝐈𝐧𝐝𝐢𝐚 𝐢𝐬 𝐬𝐭𝐞𝐚𝐝𝐢𝐥𝐲 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐚𝐬 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝'𝐬 𝐧𝐞𝐱𝐭 𝐬𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐩𝐨𝐰𝐞𝐫𝐡𝐨𝐮𝐬𝐞. 🇮🇳💻 For decades, India led the world in software. Now, under PM Modi's leadership, the nation is laying the foundation to become a global semiconductor manufacturing hub. 🔹 India's semiconductor market is projected to grow from $45–50 billion today to $120 billion by 2030 🔹 ₹76,000 crore allocated under the India Semiconductor Mission 🔹 Target to meet over 60% of India's chip demand through domestic production by 2035 🔹 Massive investments in fabs, packaging and testing facilities across multiple states 🔹 Around 2 million new jobs expected by 2035 across manufacturing, design and allied sectors 𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐭𝐨 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐡𝐨𝐰 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐬𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐜𝐨𝐮𝐥𝐝 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲'𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐦𝐚𝐤𝐞 𝐢𝐭 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐟𝐨𝐫𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧. ⬇️

BJP

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#WATCH | The war between the United States, Israel and Iran in West Asia continues much like before. While there are reports of diplomacy and talks between the sides, no concrete step towards ending the conflict is visible yet. The war has triggered global concerns over energy security, with its impact being felt across the US, Europe, Asia, and Africa, particularly in crude oil and gas markets. Amid these developments, countries around the world are increasingly worried about their energy stability. There are fears of disruptions in petrol, diesel, gas, electricity, and even fertilisers. In such a situation, several questions arise regarding India’s preparedness. Was India already ready for such a crisis? What steps has the country taken in advance to avoid a shortage of crude oil? What measures have been implemented to reduce dependence on foreign energy sources? What initiatives has India taken to ensure that electricity supply and energy needs do not remain heavily dependent on imported oil and gas? What steps has the government taken to reduce the consumption of petrol and diesel in the transport sector? And what efforts have been made to increase electricity availability and strengthen power infrastructure? Watch the video to find out. Chandra Shekhar Joshi PMO India Randhir Jaiswal Ministry of Petroleum and Natural Gas #MoPNG Ministry of Information and Broadcasting PIB India #WestAsia #MiddleEastCrisis #EnergySecurity #GlobalEnergy #OilPrices #GasSupply #IndiaEnergy

#WATCH | The war between the United States, Israel and Iran in West Asia continues much like before. While there are reports of diplomacy and talks between the sides, no concrete step towards ending the conflict is visible yet. The war has triggered global concerns over energy security, with its impact being felt across the US, Europe, Asia, and Africa, particularly in crude oil and gas markets. Amid these developments, countries around the world are increasingly worried about their energy stability. There are fears of disruptions in petrol, diesel, gas, electricity, and even fertilisers. In such a situation, several questions arise regarding India’s preparedness. Was India already ready for such a crisis? What steps has the country taken in advance to avoid a shortage of crude oil? What measures have been implemented to reduce dependence on foreign energy sources? What initiatives has India taken to ensure that electricity supply and energy needs do not remain heavily dependent on imported oil and gas? What steps has the government taken to reduce the consumption of petrol and diesel in the transport sector? And what efforts have been made to increase electricity availability and strengthen power infrastructure? Watch the video to find out. Chandra Shekhar Joshi PMO India Randhir Jaiswal Ministry of Petroleum and Natural Gas #MoPNG Ministry of Information and Broadcasting PIB India #WestAsia #MiddleEastCrisis #EnergySecurity #GlobalEnergy #OilPrices #GasSupply #IndiaEnergy

DD News

442,584 görüntüleme • 6 ay önce

India’s Oil Marketing Companies absorbed losses of nearly ₹60,000 CRORE in just March and April 2026 alone. That means close to ₹1,000 CRORE being lost every single day. Every litre of petrol sold at a loss of ₹12.96. Every litre of diesel sold at a loss of ₹48.12. Every LPG cylinder reaching your kitchen carrying a loss of ₹475. And yet… prices did not explode on ordinary Indians. No sudden shock at petrol pumps. No crushing LPG hike for families. No panic buying. No fuel queues. The government quietly stood behind the people and absorbed the burden. Not only that — excise duty on petrol and diesel was also cut, meaning the government willingly gave up its own revenue to reduce pressure on citizens. At a time when countries across the world were passing every rupee of global oil pain directly to consumers, India chose a different path. Protection over politics. Relief over headlines. Stability over chaos. This is what leadership looks like during a crisis. No dramatic speeches demanding applause. No daily press conferences asking for credit. Just silent action for 140 crore Indians. The opposition will continue doing politics. They will continue shouting, twisting, and creating narratives. But facts are facts. The numbers are public. The global fuel situation is visible to everyone. The world increased prices. India shielded its people. That is the difference. That is Modi’s India.

India’s Oil Marketing Companies absorbed losses of nearly ₹60,000 CRORE in just March and April 2026 alone. That means close to ₹1,000 CRORE being lost every single day. Every litre of petrol sold at a loss of ₹12.96. Every litre of diesel sold at a loss of ₹48.12. Every LPG cylinder reaching your kitchen carrying a loss of ₹475. And yet… prices did not explode on ordinary Indians. No sudden shock at petrol pumps. No crushing LPG hike for families. No panic buying. No fuel queues. The government quietly stood behind the people and absorbed the burden. Not only that — excise duty on petrol and diesel was also cut, meaning the government willingly gave up its own revenue to reduce pressure on citizens. At a time when countries across the world were passing every rupee of global oil pain directly to consumers, India chose a different path. Protection over politics. Relief over headlines. Stability over chaos. This is what leadership looks like during a crisis. No dramatic speeches demanding applause. No daily press conferences asking for credit. Just silent action for 140 crore Indians. The opposition will continue doing politics. They will continue shouting, twisting, and creating narratives. But facts are facts. The numbers are public. The global fuel situation is visible to everyone. The world increased prices. India shielded its people. That is the difference. That is Modi’s India.

Mr Sinha

33,318 görüntüleme • 4 ay önce

Khata-Khat badh gayi mehengai! After not fulfilling the promises of transferring Rs 8500/month to a woman of each family, Congress ruled Karnataka government has saddled the people of Karnataka with the burden of paying Rs 3/litre more for petrol and diesel in the state. After this decision, people of Karnataka would be forced to pay higher amounts for food items, clothing, medicines and all items of basic necessities as fuel prices directly impact prices of all goods. Such a decision just after elections have been concluded, exposes the hypocrisy of the Congress which talks about mehengai but levies approximately Rs 8litre-Rs 12/litre additional VAT in comparison with BJP ruled states. With this hike, petrol in Karnataka is now Rs 8.21/litre more expensive than both BJP-run governments in UP and Gujarat. The price gap is even more staggering if Karnataka is compared with BJP-governed Arunachal Pradesh where the party has come back to power strongly. The petrol prices in Karnataka are over Rs 12/litre higher than in Arunachal. The price gap for diesel is Rs 8.59/litre between the two states with Arunachal being much less expensive. During the last three years of global energy turmoil, the NDA government led by PM Narendra Modi Ji deftly diversified India’s crude oil purchases to ensure that petrol prices actually decreased by about 14% and diesel prices fell by nearly 11% during November 2021 -May 2024 period. During the same period, US saw petrol prices soar 29%, while neighbours Pakistan and Sri Lanka faced severe financial stress due to spike in global crude prices. Additionally, to maintain availability and affordability of transport fuels, Modi government made substantial and timely cut in excise duty in November 2021 and followed it up with another cut in May 2022. The Central govt reduced petrol and diesel prices by ₹5 per litre and ₹10 per litre, respectively, in November 2021. Following up in May 2022, petrol and diesel prices were further cut by ₹8 per litre and ₹6 per litre, respectively. Again on March 14 this year, the OMCs played a vital role in reducing prices further by Rs 2/litre. The BJP-run state governments aligned with the pro-people policies and reduced sales tax on transport fuels to further cut rates for the public and rein in inflationary pressures. For instance, petrol prices in Congress-ruled Telangana is Rs 12.76/litre higher than in UP. The difference in diesels prices between these two states is also significant at Rs 7.89/litre. Similarly, the petrol prices are Rs 9.29/ litre higher in Trinamool Congress-run West Bengal compared with BJP-run Gujarat. PM Modi Ji’s visionary leadership ensured that while the world was facing fuel price surge due to a war in Europe, India remained the only country during that period where petrol and diesel prices went down. #Khatakhat #Hypocrisy

Khata-Khat badh gayi mehengai! After not fulfilling the promises of transferring Rs 8500/month to a woman of each family, Congress ruled Karnataka government has saddled the people of Karnataka with the burden of paying Rs 3/litre more for petrol and diesel in the state. After this decision, people of Karnataka would be forced to pay higher amounts for food items, clothing, medicines and all items of basic necessities as fuel prices directly impact prices of all goods. Such a decision just after elections have been concluded, exposes the hypocrisy of the Congress which talks about mehengai but levies approximately Rs 8litre-Rs 12/litre additional VAT in comparison with BJP ruled states. With this hike, petrol in Karnataka is now Rs 8.21/litre more expensive than both BJP-run governments in UP and Gujarat. The price gap is even more staggering if Karnataka is compared with BJP-governed Arunachal Pradesh where the party has come back to power strongly. The petrol prices in Karnataka are over Rs 12/litre higher than in Arunachal. The price gap for diesel is Rs 8.59/litre between the two states with Arunachal being much less expensive. During the last three years of global energy turmoil, the NDA government led by PM Narendra Modi Ji deftly diversified India’s crude oil purchases to ensure that petrol prices actually decreased by about 14% and diesel prices fell by nearly 11% during November 2021 -May 2024 period. During the same period, US saw petrol prices soar 29%, while neighbours Pakistan and Sri Lanka faced severe financial stress due to spike in global crude prices. Additionally, to maintain availability and affordability of transport fuels, Modi government made substantial and timely cut in excise duty in November 2021 and followed it up with another cut in May 2022. The Central govt reduced petrol and diesel prices by ₹5 per litre and ₹10 per litre, respectively, in November 2021. Following up in May 2022, petrol and diesel prices were further cut by ₹8 per litre and ₹6 per litre, respectively. Again on March 14 this year, the OMCs played a vital role in reducing prices further by Rs 2/litre. The BJP-run state governments aligned with the pro-people policies and reduced sales tax on transport fuels to further cut rates for the public and rein in inflationary pressures. For instance, petrol prices in Congress-ruled Telangana is Rs 12.76/litre higher than in UP. The difference in diesels prices between these two states is also significant at Rs 7.89/litre. Similarly, the petrol prices are Rs 9.29/ litre higher in Trinamool Congress-run West Bengal compared with BJP-run Gujarat. PM Modi Ji’s visionary leadership ensured that while the world was facing fuel price surge due to a war in Europe, India remained the only country during that period where petrol and diesel prices went down. #Khatakhat #Hypocrisy

Hardeep Singh Puri

108,484 görüntüleme • 2 yıl önce

India did the entire world a favour by buying Russian oil because if we had not done so, the global oil prices would have skyrocketed to $200/barrel. Russian oil was never under any sanctions and there was only a price cap, which Indian entities also followed. Let us not forget that while some ill informed commentators talked about putting restrictions on India, many other European and Asian nations bought much more crude oil, diesel, LNG, rare earth minerals worth billions of dollars from Russia. We will continue to buy energy from whoever offers the best rates to our oil companies. That’s the confidence of PM Narendra Modi Ji’s leadership. We need to ensure steady availability, affordability and sustainability of energy for our 7 crore citizens who visit a petrol pump everyday. That’s our top priority. India is the only major consumer where fuel prices has come down significantly in the last 3 years despite unprecedented global price increases in other nations. #PuriOnRussianOil PMO India Randhir Jaiswal Ministry of Petroleum and Natural Gas #MoPNG PIB India Ministry of Information and Broadcasting MyGovIndia FIPI Indian Oil Corp Ltd Bharat Petroleum Hindustan Petroleum Corporation Limited Indian Foreign Service Association OPEC International Energy Agency ADIPEC India in UAE India in Dubai World Economic Forum

India did the entire world a favour by buying Russian oil because if we had not done so, the global oil prices would have skyrocketed to $200/barrel. Russian oil was never under any sanctions and there was only a price cap, which Indian entities also followed. Let us not forget that while some ill informed commentators talked about putting restrictions on India, many other European and Asian nations bought much more crude oil, diesel, LNG, rare earth minerals worth billions of dollars from Russia. We will continue to buy energy from whoever offers the best rates to our oil companies. That’s the confidence of PM Narendra Modi Ji’s leadership. We need to ensure steady availability, affordability and sustainability of energy for our 7 crore citizens who visit a petrol pump everyday. That’s our top priority. India is the only major consumer where fuel prices has come down significantly in the last 3 years despite unprecedented global price increases in other nations. #PuriOnRussianOil PMO India Randhir Jaiswal Ministry of Petroleum and Natural Gas #MoPNG PIB India Ministry of Information and Broadcasting MyGovIndia FIPI Indian Oil Corp Ltd Bharat Petroleum Hindustan Petroleum Corporation Limited Indian Foreign Service Association OPEC International Energy Agency ADIPEC India in UAE India in Dubai World Economic Forum

Hardeep Singh Puri

62,194 görüntüleme • 1 yıl önce

𝐇𝐢𝐬𝐭𝐨𝐫𝐲 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐫𝐞𝐰𝐫𝐢𝐭𝐭𝐞𝐧 𝐢𝐧 𝐖𝐞𝐬𝐭 𝐁𝐞𝐧𝐠𝐚𝐥, 𝐚𝐧𝐝 𝐭𝐡𝐢𝐬 𝐭𝐢𝐦𝐞, 𝐢𝐭’𝐬 𝐚 𝐩𝐞𝐨𝐩𝐥𝐞’𝐬 𝐦𝐚𝐧𝐝𝐚𝐭𝐞. 🗳️ From just 3 seats in 2016 to a massive 207 seats in 2026, the rise of BJP marks one of the most dramatic political shifts in modern India. Years of violence, fear, and political suppression gave way to a decisive verdict, driven by growing trust in PM Modi’s vision. With a significant rise in vote share, strong performances across regions, and record participation, especially from women, this victory reflects a collective push for change. From grassroots workers to first-time candidates, every number tells a story of persistence and belief. What unfolded wasn’t overnight. It was built through years of struggle, sacrifice, and rising public confidence. 👉 𝐖𝐚𝐭𝐜𝐡 𝐡𝐨𝐰 𝐁𝐞𝐧𝐠𝐚𝐥’𝐬 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐞𝐝, 𝐚𝐧𝐝 𝐰𝐡𝐲 𝐭𝐡𝐢𝐬 𝐦𝐨𝐦𝐞𝐧𝐭 𝐢𝐬 𝐛𝐞𝐢𝐧𝐠 𝐜𝐚𝐥𝐥𝐞𝐝 𝐚 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐩𝐨𝐢𝐧𝐭 𝐢𝐧 𝐢𝐭𝐬 𝐡𝐢𝐬𝐭𝐨𝐫𝐲.

𝐇𝐢𝐬𝐭𝐨𝐫𝐲 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐫𝐞𝐰𝐫𝐢𝐭𝐭𝐞𝐧 𝐢𝐧 𝐖𝐞𝐬𝐭 𝐁𝐞𝐧𝐠𝐚𝐥, 𝐚𝐧𝐝 𝐭𝐡𝐢𝐬 𝐭𝐢𝐦𝐞, 𝐢𝐭’𝐬 𝐚 𝐩𝐞𝐨𝐩𝐥𝐞’𝐬 𝐦𝐚𝐧𝐝𝐚𝐭𝐞. 🗳️ From just 3 seats in 2016 to a massive 207 seats in 2026, the rise of BJP marks one of the most dramatic political shifts in modern India. Years of violence, fear, and political suppression gave way to a decisive verdict, driven by growing trust in PM Modi’s vision. With a significant rise in vote share, strong performances across regions, and record participation, especially from women, this victory reflects a collective push for change. From grassroots workers to first-time candidates, every number tells a story of persistence and belief. What unfolded wasn’t overnight. It was built through years of struggle, sacrifice, and rising public confidence. 👉 𝐖𝐚𝐭𝐜𝐡 𝐡𝐨𝐰 𝐁𝐞𝐧𝐠𝐚𝐥’𝐬 𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐚𝐥 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐞𝐝, 𝐚𝐧𝐝 𝐰𝐡𝐲 𝐭𝐡𝐢𝐬 𝐦𝐨𝐦𝐞𝐧𝐭 𝐢𝐬 𝐛𝐞𝐢𝐧𝐠 𝐜𝐚𝐥𝐥𝐞𝐝 𝐚 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐩𝐨𝐢𝐧𝐭 𝐢𝐧 𝐢𝐭𝐬 𝐡𝐢𝐬𝐭𝐨𝐫𝐲.

BJP

16,014 görüntüleme • 4 ay önce

There’s a lot of rumours online about India heading toward a fuel crisis. The reality is far less dramatic. India currently has enough fuel reserves, so there is no shortage and no talk of rationing. Over the past few years, India has also diversified its oil imports, buying crude from 40+ countries including the US, Russia, Brazil, Guyana and several African nations. So the idea that India depends entirely on the Middle East is simply not true. Even in the case of tensions in the Gulf or a disruption around the Strait of Hormuz, only about 40% of India’s oil passes through that route, and contingency plans—including alternative routes and naval protection for shipments—are already in place. Behind the scenes, the system is far more prepared than people think. India has built strategic underground petroleum reserves, expanded its pipeline network to nearly 26,000 km, and monitoring teams track fuel stocks and supply chains 24×7 to ensure there are no disruptions. On prices, the global market has seen volatility, but domestic impact has been limited. Delhi petrol today is about ₹94.77, slightly lower than ₹95.41 in 2022. Policies over the past few years have also helped cushion shocks—India stepped in to buy discounted Russian oil after 2022, expanded refining capacity, blended 20% ethanol in petrol to reduce imports, cut excise duties to soften price spikes, and expanded CNG stations and piped gas connections across the country. All of this means India’s fuel system today is far more diversified, monitored and prepared than it was a decade ago. Despite global uncertainty, supply remains stable and the country is not in the situation some rumours compare it to.

There’s a lot of rumours online about India heading toward a fuel crisis. The reality is far less dramatic. India currently has enough fuel reserves, so there is no shortage and no talk of rationing. Over the past few years, India has also diversified its oil imports, buying crude from 40+ countries including the US, Russia, Brazil, Guyana and several African nations. So the idea that India depends entirely on the Middle East is simply not true. Even in the case of tensions in the Gulf or a disruption around the Strait of Hormuz, only about 40% of India’s oil passes through that route, and contingency plans—including alternative routes and naval protection for shipments—are already in place. Behind the scenes, the system is far more prepared than people think. India has built strategic underground petroleum reserves, expanded its pipeline network to nearly 26,000 km, and monitoring teams track fuel stocks and supply chains 24×7 to ensure there are no disruptions. On prices, the global market has seen volatility, but domestic impact has been limited. Delhi petrol today is about ₹94.77, slightly lower than ₹95.41 in 2022. Policies over the past few years have also helped cushion shocks—India stepped in to buy discounted Russian oil after 2022, expanded refining capacity, blended 20% ethanol in petrol to reduce imports, cut excise duties to soften price spikes, and expanded CNG stations and piped gas connections across the country. All of this means India’s fuel system today is far more diversified, monitored and prepared than it was a decade ago. Despite global uncertainty, supply remains stable and the country is not in the situation some rumours compare it to.

Megh Updates 🚨™

20,791 görüntüleme • 6 ay önce

#WATCH | Mumbai, Maharashtra: On whether India can control inflation and fiscal deficits if U.S. sanctions on Russian crude force refiners to switch to more expensive Middle Eastern oil, Head of Commodity and Currency Research at Kotak Securities, Anindya Banerjee, says, "The discounts on Russian crude have narrowed considerably, from $15–20 in 2022 to just $2–3 now because, since the West Asian war, any kind of crude available outside the Gulf is in demand. India has also diversified its sources to nearly 40 destinations... At the current discount rate on Russian crude, the benefit is around $2–3 billion a year. We have an oil import bill of close to $150 billion a year, so it is not really a significant amount. What would be a bigger point of worry for us, if it were to happen, is if oil prices were to jump from their current levels of $80–83 per barrel for Brent all the way up to $100 or more. Every $10 increase in the average price of oil for India's imported basket roughly translates into a $15 billion jump in the annual oil import bill. The impact on the current account is around 0.4% to 2.5%... For inflation to rise, we need to see oil prices sustained at a higher level. I don't think Russian crude, or switching away from Russia to other sources that might not offer the same discount, is going to have a big impact on our macroeconomic situation at this point."

#WATCH | Mumbai, Maharashtra: On whether India can control inflation and fiscal deficits if U.S. sanctions on Russian crude force refiners to switch to more expensive Middle Eastern oil, Head of Commodity and Currency Research at Kotak Securities, Anindya Banerjee, says, "The discounts on Russian crude have narrowed considerably, from $15–20 in 2022 to just $2–3 now because, since the West Asian war, any kind of crude available outside the Gulf is in demand. India has also diversified its sources to nearly 40 destinations... At the current discount rate on Russian crude, the benefit is around $2–3 billion a year. We have an oil import bill of close to $150 billion a year, so it is not really a significant amount. What would be a bigger point of worry for us, if it were to happen, is if oil prices were to jump from their current levels of $80–83 per barrel for Brent all the way up to $100 or more. Every $10 increase in the average price of oil for India's imported basket roughly translates into a $15 billion jump in the annual oil import bill. The impact on the current account is around 0.4% to 2.5%... For inflation to rise, we need to see oil prices sustained at a higher level. I don't think Russian crude, or switching away from Russia to other sources that might not offer the same discount, is going to have a big impact on our macroeconomic situation at this point."

ANI

20,790 görüntüleme • 1 ay önce

🚨BREAKING: Iran is striking major ports and oil tankers in the Middle East and this could trigger a crash in stock markets. The Strait of Hormuz is effectively blocked. Around 20 million barrels of oil per day pass through this route. Nearly 20% of global LNG exports, mainly from Qatar, also move through here. If this route stays disrupted, the impact spreads fast. 1. It could push oil toward $100–$120 per barrel. If that happens, petrol and diesel prices rise globally. Electricity costs also increase in countries that rely on gas. Airlines, logistics companies, and manufacturers all face higher fuel costs. 2. Qatar is one of the world’s largest LNG exporters. If LNG shipments are delayed or blocked, Europe and Asia face tighter gas supply. Power generation costs go up. Governments may need to use emergency reserves again. That’s why some analysts are comparing this to the 2022 energy crisis. 3. Shipping routes are being rerouted around Africa. That adds: 10–14 extra days to deliveries, higher fuel costs, and higher freight rates. Car manufacturers depend on just-in-time parts. If parts are delayed for weeks, production lines slow or temporarily stop. 4. The Gulf region exports key petrochemicals used to make fertilizer. If fertilizer supply tightens, farming costs rise and food prices increase in the coming months. This doesn’t hit instantly, but it builds over time. 5. War-risk insurance costs have reportedly jumped around 50%. For large vessels, that means hundreds of thousands of dollars in extra cost per trip. That reduces trade flow and pushes freight costs higher globally. The UAE has already shut its stock market for two days. Global markets are reacting. This is not just about oil prices moving up. It impacts energy supply, trade routes, inflation pressure, and global growth. If the disruption lasts more than a few weeks, the economic effects will compound quickly.

🚨BREAKING: Iran is striking major ports and oil tankers in the Middle East and this could trigger a crash in stock markets. The Strait of Hormuz is effectively blocked. Around 20 million barrels of oil per day pass through this route. Nearly 20% of global LNG exports, mainly from Qatar, also move through here. If this route stays disrupted, the impact spreads fast. 1. It could push oil toward $100–$120 per barrel. If that happens, petrol and diesel prices rise globally. Electricity costs also increase in countries that rely on gas. Airlines, logistics companies, and manufacturers all face higher fuel costs. 2. Qatar is one of the world’s largest LNG exporters. If LNG shipments are delayed or blocked, Europe and Asia face tighter gas supply. Power generation costs go up. Governments may need to use emergency reserves again. That’s why some analysts are comparing this to the 2022 energy crisis. 3. Shipping routes are being rerouted around Africa. That adds: 10–14 extra days to deliveries, higher fuel costs, and higher freight rates. Car manufacturers depend on just-in-time parts. If parts are delayed for weeks, production lines slow or temporarily stop. 4. The Gulf region exports key petrochemicals used to make fertilizer. If fertilizer supply tightens, farming costs rise and food prices increase in the coming months. This doesn’t hit instantly, but it builds over time. 5. War-risk insurance costs have reportedly jumped around 50%. For large vessels, that means hundreds of thousands of dollars in extra cost per trip. That reduces trade flow and pushes freight costs higher globally. The UAE has already shut its stock market for two days. Global markets are reacting. This is not just about oil prices moving up. It impacts energy supply, trade routes, inflation pressure, and global growth. If the disruption lasts more than a few weeks, the economic effects will compound quickly.

Bull Theory

1,417,400 görüntüleme • 6 ay önce

🇮🇷 GAS AND OIL TRADE - IRAN’S ATTRITION STRATEGY: A queue of ships has built up in front of the Strait of Hormuz. This is what the artery supplying the global economy with 25% of oil and 30% of liquefied natural gas currently looks like. Brent (European benchmark) reached $94.16 per barrel today (+10%). WTI (US oil) peaked at $92.42 per barrel (+14%). Overall, prices have risen more than 30% this week, a direct consequence of Sunday’s events. Russian Urals oil has outpaced this increase: by the end of February it had risen nearly 50%, from $45 to $68 per barrel. For the first time in a long while, no discounts apply. Moreover, Russian oil is now selling to India above Brent, with a $4–5 premium—around $100 per barrel. The market is experiencing shortages and panic. Experts estimate that a blockade of Hormuz could cause a 2% drop in global GDP. It may sound minor, but it isn’t. A healthy global economy typically grows 3–4% per year. Today, even without a major Middle East war, the world is on the edge of recession with 2.9% growth. A global recession is defined as growth slowing to 2–2.5%. That’s just a slowdown, not a collapse. A 2% decline from current levels would mean a roughly 5-percentage-point swing—a massive failure that would erase trillions in value. This would no longer be a recession but a deep depression by historical standards. In 2009 the global economy contracted by about 1.7%. The result: mass layoffs, falling incomes, widespread bankruptcies, and stock market crashes. If they do it on purpose, then the goal is to plunge the world into chaos and wage a war of attrition with China—otherwise China will soon overtake them. This is the only way the US can prevail. Just as Iran now has a chance to survive only through a prolonged war. Chaos by design

🇮🇷 GAS AND OIL TRADE - IRAN’S ATTRITION STRATEGY: A queue of ships has built up in front of the Strait of Hormuz. This is what the artery supplying the global economy with 25% of oil and 30% of liquefied natural gas currently looks like. Brent (European benchmark) reached $94.16 per barrel today (+10%). WTI (US oil) peaked at $92.42 per barrel (+14%). Overall, prices have risen more than 30% this week, a direct consequence of Sunday’s events. Russian Urals oil has outpaced this increase: by the end of February it had risen nearly 50%, from $45 to $68 per barrel. For the first time in a long while, no discounts apply. Moreover, Russian oil is now selling to India above Brent, with a $4–5 premium—around $100 per barrel. The market is experiencing shortages and panic. Experts estimate that a blockade of Hormuz could cause a 2% drop in global GDP. It may sound minor, but it isn’t. A healthy global economy typically grows 3–4% per year. Today, even without a major Middle East war, the world is on the edge of recession with 2.9% growth. A global recession is defined as growth slowing to 2–2.5%. That’s just a slowdown, not a collapse. A 2% decline from current levels would mean a roughly 5-percentage-point swing—a massive failure that would erase trillions in value. This would no longer be a recession but a deep depression by historical standards. In 2009 the global economy contracted by about 1.7%. The result: mass layoffs, falling incomes, widespread bankruptcies, and stock market crashes. If they do it on purpose, then the goal is to plunge the world into chaos and wage a war of attrition with China—otherwise China will soon overtake them. This is the only way the US can prevail. Just as Iran now has a chance to survive only through a prolonged war. Chaos by design

Lord Bebo

105,059 görüntüleme • 6 ay önce

U.S. producer prices rose 0.4% in August, pushing the annual PPI rate to 5.4%, up from a revised 4.8% in July and hotter than economists expected. 🔸Core PPI excluding food and energy rose 0.2% on the month and 4.6% from a year earlier, while the measure excluding food, energy and trade services rose 0.3% and held at 4.7% annually. 🔸 The report may understate the inflation shock now hitting the economy. August PPI data only captures prices through August 11, meaning much of the subsequent surge in oil and diesel prices is not yet reflected. CPI data is set to be released tomorrow, and will represent prices for the whole month. 🔸 Brent and WTI crude both pushed above $100 a barrel Thursday. Brent traded above $106 at highs. 🔸Meanwhile, Saudi oil production has fallen from roughly 11 million barrels a day before the war to just over 6 million, a massive supply shock. Kpler earlier said exports in July fell to 3 million barrels, down from 5 million barrels the month before as Ansarallah implements a blockade. 🔸 Initial jobless claims were 206,000, essentially unchanged from the prior week, offering little evidence of meaningful labor-market weakening. 👉 The combination will leave the Federal Reserve in a difficult position when it meets to decide rates on September 16: inflation remains elevated, the energy shock is still intensifying, and growth and employment have not weakened enough to clearly offset those pressures. That would normally strengthen the case for keeping rates high or hiking them further. But President Trump has repeatedly demanded rate cuts in recent days and has not hesitated from publicly pressuring individual Fed Governors. 🎥 Kenneth Rogoff spoke to PBS about how Richard Nixon pressured the Federal Reserve to keep interest rates low, helping fuel the inflation that plagued the U.S. through the 1970s.

U.S. producer prices rose 0.4% in August, pushing the annual PPI rate to 5.4%, up from a revised 4.8% in July and hotter than economists expected. 🔸Core PPI excluding food and energy rose 0.2% on the month and 4.6% from a year earlier, while the measure excluding food, energy and trade services rose 0.3% and held at 4.7% annually. 🔸 The report may understate the inflation shock now hitting the economy. August PPI data only captures prices through August 11, meaning much of the subsequent surge in oil and diesel prices is not yet reflected. CPI data is set to be released tomorrow, and will represent prices for the whole month. 🔸 Brent and WTI crude both pushed above $100 a barrel Thursday. Brent traded above $106 at highs. 🔸Meanwhile, Saudi oil production has fallen from roughly 11 million barrels a day before the war to just over 6 million, a massive supply shock. Kpler earlier said exports in July fell to 3 million barrels, down from 5 million barrels the month before as Ansarallah implements a blockade. 🔸 Initial jobless claims were 206,000, essentially unchanged from the prior week, offering little evidence of meaningful labor-market weakening. 👉 The combination will leave the Federal Reserve in a difficult position when it meets to decide rates on September 16: inflation remains elevated, the energy shock is still intensifying, and growth and employment have not weakened enough to clearly offset those pressures. That would normally strengthen the case for keeping rates high or hiking them further. But President Trump has repeatedly demanded rate cuts in recent days and has not hesitated from publicly pressuring individual Fed Governors. 🎥 Kenneth Rogoff spoke to PBS about how Richard Nixon pressured the Federal Reserve to keep interest rates low, helping fuel the inflation that plagued the U.S. through the 1970s.

Drop Site

35,359 görüntüleme • 11 gün önce

DISTURBING: Governments across the world are suddenly reviving policies that look eerily familiar: remote work mandates, travel discouragement, and fuel rationing—all triggered by a rapidly escalating global energy crisis. And this time, it’s not COVID-19 driving the restrictions. It’s oil. As war in the Middle East disrupts fuel supplies and sends prices swinging, governments from Southeast Asia to Europe are scrambling to conserve energy. Thailand and Vietnam are already urging public employees to work from home while asking citizens to avoid overseas travel and cut back on personal vehicle use. In Vietnam’s capital, Hanoi, officials are even encouraging residents to ditch their cars entirely, recommending public transit, cycling, and carpooling as fuel costs surge and petrol stations shorten hours. But the trend is spreading far beyond Southeast Asia. Pakistan is shifting large portions of its workforce to remote work, reducing office staffing to roughly half capacity and introducing four-day workweeks in some departments. Schools and universities are moving online to cut commuting and conserve fuel. The Philippines is rolling out similar measures, including four-day workweeks in executive offices and expanded remote work across both public and private sectors to lower fuel consumption. Bangladesh has already closed universities to conserve electricity and transportation fuel, while Myanmar has begun rationing fuel by forcing half the country’s private vehicles off the roads each day based on license plate numbers. Meanwhile, in the UK, motorists are being advised to drive less, while authorities in India have invoked emergency powers to ration LPG supplies for restaurants and businesses. And in Australia, the crisis is already hitting the ground. Farmers report empty diesel tanks, stalled machinery, and canceled deliveries, while some petrol stations are limiting customers to just $20 of fuel as panic buying spreads. If energy shortages deepen, these early conservation measures could quickly evolve into something far more restrictive. The question now is obvious: are we watching the first phase of global energy lockdowns? If the situation in the Middle East does not resolve soon, these measures may only be the beginning. Don't miss ZeeeMediaOfficial's report: 👇

DISTURBING: Governments across the world are suddenly reviving policies that look eerily familiar: remote work mandates, travel discouragement, and fuel rationing—all triggered by a rapidly escalating global energy crisis. And this time, it’s not COVID-19 driving the restrictions. It’s oil. As war in the Middle East disrupts fuel supplies and sends prices swinging, governments from Southeast Asia to Europe are scrambling to conserve energy. Thailand and Vietnam are already urging public employees to work from home while asking citizens to avoid overseas travel and cut back on personal vehicle use. In Vietnam’s capital, Hanoi, officials are even encouraging residents to ditch their cars entirely, recommending public transit, cycling, and carpooling as fuel costs surge and petrol stations shorten hours. But the trend is spreading far beyond Southeast Asia. Pakistan is shifting large portions of its workforce to remote work, reducing office staffing to roughly half capacity and introducing four-day workweeks in some departments. Schools and universities are moving online to cut commuting and conserve fuel. The Philippines is rolling out similar measures, including four-day workweeks in executive offices and expanded remote work across both public and private sectors to lower fuel consumption. Bangladesh has already closed universities to conserve electricity and transportation fuel, while Myanmar has begun rationing fuel by forcing half the country’s private vehicles off the roads each day based on license plate numbers. Meanwhile, in the UK, motorists are being advised to drive less, while authorities in India have invoked emergency powers to ration LPG supplies for restaurants and businesses. And in Australia, the crisis is already hitting the ground. Farmers report empty diesel tanks, stalled machinery, and canceled deliveries, while some petrol stations are limiting customers to just $20 of fuel as panic buying spreads. If energy shortages deepen, these early conservation measures could quickly evolve into something far more restrictive. The question now is obvious: are we watching the first phase of global energy lockdowns? If the situation in the Middle East does not resolve soon, these measures may only be the beginning. Don't miss ZeeeMediaOfficial's report: 👇

The Vigilant Fox 🦊

275,472 görüntüleme • 6 ay önce

🚨BREAKING: UAE🇦🇪 EXITS OPEC AND OPEC+, OPEC LOSES ITS THIRD LARGEST PRODUCER The UAE announced its withdrawal from OPEC after more than five decades, effective on the 1st of May. The UAE is a founding member, having joined in 1967, four years before the UAE itself was established. The UAE said the move reflects its national interest and its role in meeting market needs at a time when the Strait of Hormuz crisis has disrupted energy flows and kept oil prices elevated, and forecasted higher energy demand in the future. The UAE has ambitions to increase production from 3.4 million barrels per day to five million by 2027, which OPEC quotas would have constrained. The UAE’s decision to leave OPEC and OPEC+ is a fundamental reordering of the global energy market, and a further shift towards multipolarity, with the UAE positioning itself to be at the forefront of meeting rising global energy demand. OPEC has long declined in its geopolitical power, and the UAE has decided to forge its own path with having no limits on increasing production, as the world reels from the energy shock unleashed by the Trump-Netanyahu war of aggression against Iran. The UAE is not the first in the GCC to leave OPEC, with Qatar leaving in 2019. The propaganda headlines you’ll be seeing of a UAE-Saudi conflict over the decision will likely amount to hot air. There will inevitably be short-term energy price instability, but countries around the world will rush to secure deals with the UAE to offset a major economic crisis caused by the war on Iran and the closure of the Strait of Hormuz. The international institutions of old are increasingly irrelevant, and OPEC is widely seen as the organisation of yesterday. The future will likely involve energy institutions and mechanisms within BRICS, to facilitate stable energy prices in a multipolar world. The UAE’s exit from OPEC is just one step closer in that direction. With China and the global south set to drive economic growth this century, the UAE is now well-positioned to benefit from multipolarity, free of production caps, as long-term energy demand will continue climbing, as the nations of the global south develop their economies and increase living standards for their people. My live segment on RT

🚨BREAKING: UAE🇦🇪 EXITS OPEC AND OPEC+, OPEC LOSES ITS THIRD LARGEST PRODUCER The UAE announced its withdrawal from OPEC after more than five decades, effective on the 1st of May. The UAE is a founding member, having joined in 1967, four years before the UAE itself was established. The UAE said the move reflects its national interest and its role in meeting market needs at a time when the Strait of Hormuz crisis has disrupted energy flows and kept oil prices elevated, and forecasted higher energy demand in the future. The UAE has ambitions to increase production from 3.4 million barrels per day to five million by 2027, which OPEC quotas would have constrained. The UAE’s decision to leave OPEC and OPEC+ is a fundamental reordering of the global energy market, and a further shift towards multipolarity, with the UAE positioning itself to be at the forefront of meeting rising global energy demand. OPEC has long declined in its geopolitical power, and the UAE has decided to forge its own path with having no limits on increasing production, as the world reels from the energy shock unleashed by the Trump-Netanyahu war of aggression against Iran. The UAE is not the first in the GCC to leave OPEC, with Qatar leaving in 2019. The propaganda headlines you’ll be seeing of a UAE-Saudi conflict over the decision will likely amount to hot air. There will inevitably be short-term energy price instability, but countries around the world will rush to secure deals with the UAE to offset a major economic crisis caused by the war on Iran and the closure of the Strait of Hormuz. The international institutions of old are increasingly irrelevant, and OPEC is widely seen as the organisation of yesterday. The future will likely involve energy institutions and mechanisms within BRICS, to facilitate stable energy prices in a multipolar world. The UAE’s exit from OPEC is just one step closer in that direction. With China and the global south set to drive economic growth this century, the UAE is now well-positioned to benefit from multipolarity, free of production caps, as long-term energy demand will continue climbing, as the nations of the global south develop their economies and increase living standards for their people. My live segment on RT

Afshin Rattansi

18,021 görüntüleme • 4 ay önce

🚨BP SMASHES Expectations! More Than DOUBLES Underlying Profits in Early 2026… on basically ONE MONTH of sky-high oil prices! 🤑 Brent crude has exploded from $60-70 to over $110 a barrel amid the US-Iran war, naval blockades, and chaos in the Strait of Hormuz. That brief surge alone supercharged BP’s trading desk and sent profits soaring. If this conflict drags on and prices remain elevated? Buckle up as next quarter’s results could SKYROCKET even higher. And it’s not just oil giants. Commodity traders are reaping a massive bonanza from the extreme market dislocations, spot cargoes trading at huge premiums, with some deals generating $20–30 per barrel margins in physical oil trades that are normally pennies. Houses with storage, logistics, and global reach are arbitraging shortages and volatility like never before. Shipping firms are cashing in too: rerouting around the blocked Strait, surging freight rates, war-risk premiums, and massive diversions have driven up costs, and profits, for tanker operators and container lines willing to navigate the chaos. Stocks in the sector have spiked on the longer voyages and tighter supply. It’s the same sick pattern every time: a handful of massive corporations, oil majors, defense contractors, commodity traders, shippers, and their networks, make obscene war-time windfalls while ordinary people get crushed by skyrocketing fuel, food, energy, and living costs across the board. We’ve seen this movie play out again and again. In interconnected global markets, there’s no simple fix unfortunately. And spare me the fantasy from people like Zack Polanski telling everyone to “vote Green on 7 May” if you want to change hugely complex global issues. That man is completely detached from reality.

🚨BP SMASHES Expectations! More Than DOUBLES Underlying Profits in Early 2026… on basically ONE MONTH of sky-high oil prices! 🤑 Brent crude has exploded from $60-70 to over $110 a barrel amid the US-Iran war, naval blockades, and chaos in the Strait of Hormuz. That brief surge alone supercharged BP’s trading desk and sent profits soaring. If this conflict drags on and prices remain elevated? Buckle up as next quarter’s results could SKYROCKET even higher. And it’s not just oil giants. Commodity traders are reaping a massive bonanza from the extreme market dislocations, spot cargoes trading at huge premiums, with some deals generating $20–30 per barrel margins in physical oil trades that are normally pennies. Houses with storage, logistics, and global reach are arbitraging shortages and volatility like never before. Shipping firms are cashing in too: rerouting around the blocked Strait, surging freight rates, war-risk premiums, and massive diversions have driven up costs, and profits, for tanker operators and container lines willing to navigate the chaos. Stocks in the sector have spiked on the longer voyages and tighter supply. It’s the same sick pattern every time: a handful of massive corporations, oil majors, defense contractors, commodity traders, shippers, and their networks, make obscene war-time windfalls while ordinary people get crushed by skyrocketing fuel, food, energy, and living costs across the board. We’ve seen this movie play out again and again. In interconnected global markets, there’s no simple fix unfortunately. And spare me the fantasy from people like Zack Polanski telling everyone to “vote Green on 7 May” if you want to change hugely complex global issues. That man is completely detached from reality.

J Stewart

37,340 görüntüleme • 4 ay önce

$Jeff Currie of Carlyle went on live television and said the oil market is completely mispriced. He said futures price crude at around $100 a barrel, but physical oil delivered to Asian refiners is actually costing between $130 and $170. At one point this month, Oman crude, the benchmark for oil on the free side of the Strait spiked all the way to $173 a barrel. The paper market and the real world have completely split from each other and Currie was explicit about why that split is dangerous. He said jet fuel spiked to $230 a barrel in Singapore last week, then the same spike hit Rotterdam at $220 a barrel, then Thailand, then the Philippines, then New Zealand, then Australia. He called it molecular contagion, a physical shortage virus spreading across global supply hubs one by one. To understand why that phrase matters, consider what the Strait of Hormuz actually is. Before the war, roughly 20 million barrels of oil per day moved through that single 100-mile waterway. The IEA now says flows have dropped from 20 million barrels per day to what they described as a trickle and Barclays estimates the effective supply loss at 13 to 14 million barrels per day in a prolonged closure scenario. Currie said there are no more spare barrels in the system. The price spread between Singapore and Rotterdam which normally tells traders where surplus oil is sitting has completely disappeared and when that spread goes to zero, there is no buffer left anywhere on earth. He said this supply shock is nearly equal in size to the COVID demand crash, and he reminded viewers what COVID did to global supply chains. COVID wiped out approximately 20 million barrels per day of demand and fractured supply chains for two full years. This war has now wiped out a comparable volume of supply and supply chains cannot work from home. The data behind his warning is already visible. Middle Eastern crude exports to Asia have collapsed from roughly 19 million barrels per day in February to under 7 million barrels per day in March. Dubai crude surged past $166 a barrel on March 19, hitting an all-time record and Oman crude crossed $150 for the first time in history just days before. Meanwhile, Chevron's CEO and Shell's CEO both stood up at the CERAWeek conference in Houston and confirmed the same thing Currie said, physical disruptions are now spreading from South Asia into Southeast Asia, Northeast Asia and are beginning to reach Europe. Currie said the reason WTI and Brent paper prices stayed suppressed is that Russian Urals crude rallied 65 to 70 dollars a barrel after sanctions were lifted. That closed the gap between cheap Russian oil and expensive Western benchmarks. Once that gap closed, the last pressure valve in the global system shut off and now the entire complex has nowhere to hide.$

Jeff Currie of Carlyle went on live television and said the oil market is completely mispriced. He said futures price crude at around $100 a barrel, but physical oil delivered to Asian refiners is actually costing between $130 and $170. At one point this month, Oman crude, the benchmark for oil on the free side of the Strait spiked all the way to $173 a barrel. The paper market and the real world have completely split from each other and Currie was explicit about why that split is dangerous. He said jet fuel spiked to $230 a barrel in Singapore last week, then the same spike hit Rotterdam at $220 a barrel, then Thailand, then the Philippines, then New Zealand, then Australia. He called it molecular contagion, a physical shortage virus spreading across global supply hubs one by one. To understand why that phrase matters, consider what the Strait of Hormuz actually is. Before the war, roughly 20 million barrels of oil per day moved through that single 100-mile waterway. The IEA now says flows have dropped from 20 million barrels per day to what they described as a trickle and Barclays estimates the effective supply loss at 13 to 14 million barrels per day in a prolonged closure scenario. Currie said there are no more spare barrels in the system. The price spread between Singapore and Rotterdam which normally tells traders where surplus oil is sitting has completely disappeared and when that spread goes to zero, there is no buffer left anywhere on earth. He said this supply shock is nearly equal in size to the COVID demand crash, and he reminded viewers what COVID did to global supply chains. COVID wiped out approximately 20 million barrels per day of demand and fractured supply chains for two full years. This war has now wiped out a comparable volume of supply and supply chains cannot work from home. The data behind his warning is already visible. Middle Eastern crude exports to Asia have collapsed from roughly 19 million barrels per day in February to under 7 million barrels per day in March. Dubai crude surged past $166 a barrel on March 19, hitting an all-time record and Oman crude crossed $150 for the first time in history just days before. Meanwhile, Chevron's CEO and Shell's CEO both stood up at the CERAWeek conference in Houston and confirmed the same thing Currie said, physical disruptions are now spreading from South Asia into Southeast Asia, Northeast Asia and are beginning to reach Europe. Currie said the reason WTI and Brent paper prices stayed suppressed is that Russian Urals crude rallied 65 to 70 dollars a barrel after sanctions were lifted. That closed the gap between cheap Russian oil and expensive Western benchmarks. Once that gap closed, the last pressure valve in the global system shut off and now the entire complex has nowhere to hide.

StockMarket.News

360,518 görüntüleme • 5 ay önce

🚨BULGARIA IN CHAOS AFTER EUROZONE ENTRY: OPPOSITION MP ACCUSES EU RULES OF CAUSING MASSIVE INSURANCE PRICE EXPLOSION — NOW TRANSPORT SECTOR BLOCKS SOFIA IN PROTEST! 🇧🇬⚠️🇪🇺 Simple explanation for people outside Bulgaria: Bulgaria recently joined the eurozone (the group of EU countries that use the euro as currency). The government promised this would bring prosperity and lower prices. Instead, one of the first things that happened is that mandatory car insurance (called “Civil Liability” or “Гражданска отговорност”) has skyrocketed. In just one year (May 2025 – May 2026): • Normal car insurance rose by 15% on average — now around 360 leva (€184) per car. • Motorcycle insurance nearly doubled (+100%) — now 250 leva (€128). • Insurance for trucks, buses and heavy vehicles went up even more. These huge extra costs hit the transport industry hardest. Truckers and bus companies say they can’t absorb it, so they are passing the bill to everyone else — meaning higher prices for bread, milk, fuel and all basic goods in the shops. Today, angry drivers and transport workers are blocking the center of Sofia in protest. In parliament, a Bulgarian opposition MP gave a fiery speech accusing the government and previous pro-EU politicians of this disaster: • They rushed through new Insurance Code changes just to please Brussels and meet eurozone requirements. • The rules benefit big Western European insurance companies. • Bulgarian drivers, businesses and families are left paying the price. • He demands an immediate audit of the insurance market, a real bonus-malus system (discounts for safe drivers), a revision of the law to protect Bulgarians, and a complete stop to any new price hikes.

🚨BULGARIA IN CHAOS AFTER EUROZONE ENTRY: OPPOSITION MP ACCUSES EU RULES OF CAUSING MASSIVE INSURANCE PRICE EXPLOSION — NOW TRANSPORT SECTOR BLOCKS SOFIA IN PROTEST! 🇧🇬⚠️🇪🇺 Simple explanation for people outside Bulgaria: Bulgaria recently joined the eurozone (the group of EU countries that use the euro as currency). The government promised this would bring prosperity and lower prices. Instead, one of the first things that happened is that mandatory car insurance (called “Civil Liability” or “Гражданска отговорност”) has skyrocketed. In just one year (May 2025 – May 2026): • Normal car insurance rose by 15% on average — now around 360 leva (€184) per car. • Motorcycle insurance nearly doubled (+100%) — now 250 leva (€128). • Insurance for trucks, buses and heavy vehicles went up even more. These huge extra costs hit the transport industry hardest. Truckers and bus companies say they can’t absorb it, so they are passing the bill to everyone else — meaning higher prices for bread, milk, fuel and all basic goods in the shops. Today, angry drivers and transport workers are blocking the center of Sofia in protest. In parliament, a Bulgarian opposition MP gave a fiery speech accusing the government and previous pro-EU politicians of this disaster: • They rushed through new Insurance Code changes just to please Brussels and meet eurozone requirements. • The rules benefit big Western European insurance companies. • Bulgarian drivers, businesses and families are left paying the price. • He demands an immediate audit of the insurance market, a real bonus-malus system (discounts for safe drivers), a revision of the law to protect Bulgarians, and a complete stop to any new price hikes.

Slavic Networks

21,394 görüntüleme • 4 ay önce

CHINA FORFEITS 450 MILLION BARRELS IN ONE MONTH: WHY OIL PRICES ARE CRASHING DESPITE RECORD INVENTORY DRAWS Eric Nuttall, Senior Portfolio Manager of Ninepoint Energy Strategies, revealed the single biggest reason oil prices have collapsed despite record-low inventories. China quietly slashed its oil imports by 4.9 million barrels per day in June alone, forfeiting nearly 450 million barrels and draining its own hidden stocks. This massive move has temporarily masked the true tightness in the physical market and created one of the largest disconnects between fundamentals and price in decades. The result is oil trading in the high 60s while the real balance sheet screams much higher. THE INVENTORY REALITY CHECK ➡️ Global oil inventories are at the lowest levels ever seen for this time of year. ➡️ We have moved from a 177 million barrel surplus before the war to a 141 million barrel deficit relative to the five-year average. ➡️ Total inventory draws since the conflict began reach 430 million barrels, creating a 508 million barrel swing compared to last year. ➡️ US commercial oil inventories now sit at their lowest level since at least 2016. THE PRODUCT SHORTAGE SIGNAL ➡️ Gasoline and distillate stocks show clear shortages in key regions. ➡️ Refinery crack spreads for gasoline and diesel have hit all-time highs, up 182 percent year to date. ➡️ These extreme margins prove strong underlying product demand that contradicts the weak price action. THE STRATEGIC RESERVE FLOOR ➡️ US strategic petroleum reserves have fallen to 325 million barrels. ➡️ That is the lowest level since June of 1983. ➡️ Advisers close to the issue see 300 million barrels as a practical floor the market cannot breach without serious consequences. THE CHINA STOCKPILE DRAIN ➡️ China cut oil imports by a staggering 4.9 million barrels per day in June. ➡️ They have forfeited nearly 450 million barrels of imports in a single month, drawing down invisible domestic stocks. ➡️ Yet every mobility indicator from flights to road traffic shows demand remains very strong. ➡️ This buying behavior is unsustainable and the return of Chinese demand will expose the real tightness. THE TEMPORARY SUPPLY SURGE ➡️ Post-truce tanker traffic out of the Strait has surged to about 10 ships per day. ➡️ Roughly 140 million barrels of previously sanctioned Iranian oil are now accessible to the market. ➡️ Still, 9.4 million barrels per day of regional production remains shut in across the Middle East. ➡️ The market is absorbing a short-term flood that analysts expect will fade within one to two months. THE FINANCIAL MARKET BLIND SPOT ➡️ Speculative net length in oil has collapsed back to pre-war levels. ➡️ The paper market is pricing oil as if the anticipated glut from before the conflict is still here. ➡️ Physical fundamentals point to an implied fair value of 130 to 140 dollars per barrel. THE ADMINISTRATION RESPONSE ➡️ Vice President JD Vance stated the goal is to refill the world's oil economy and restock supplies. "What the president has told us to do is to use this to sort of refill the world's oil economy to refill some stocks and then see where the hand is." ➡️ The timing of the truce announcement right before the market open showed clear concern over energy price impacts ahead of the midterms. THE BOTTOM LINE The oil market is far tighter than current prices suggest because China temporarily drained its stocks and a post-truce supply surge is hitting all at once. Once those barrels are absorbed and China returns as a buyer, the real shortage will become impossible to ignore. Energy stocks are already discounting around 60 dollar oil while the marginal cost of new supply sits near 70 dollars. The rebound in oil prices is closer than the market thinks. HT: YouTube Ninepoint Partners Eric Nuttall #OilShortage #ChinaOil #InventoryCrisis #EnergyMarkets #OilPrices #MarketRebound #GeopoliticalOil

CHINA FORFEITS 450 MILLION BARRELS IN ONE MONTH: WHY OIL PRICES ARE CRASHING DESPITE RECORD INVENTORY DRAWS Eric Nuttall, Senior Portfolio Manager of Ninepoint Energy Strategies, revealed the single biggest reason oil prices have collapsed despite record-low inventories. China quietly slashed its oil imports by 4.9 million barrels per day in June alone, forfeiting nearly 450 million barrels and draining its own hidden stocks. This massive move has temporarily masked the true tightness in the physical market and created one of the largest disconnects between fundamentals and price in decades. The result is oil trading in the high 60s while the real balance sheet screams much higher. THE INVENTORY REALITY CHECK ➡️ Global oil inventories are at the lowest levels ever seen for this time of year. ➡️ We have moved from a 177 million barrel surplus before the war to a 141 million barrel deficit relative to the five-year average. ➡️ Total inventory draws since the conflict began reach 430 million barrels, creating a 508 million barrel swing compared to last year. ➡️ US commercial oil inventories now sit at their lowest level since at least 2016. THE PRODUCT SHORTAGE SIGNAL ➡️ Gasoline and distillate stocks show clear shortages in key regions. ➡️ Refinery crack spreads for gasoline and diesel have hit all-time highs, up 182 percent year to date. ➡️ These extreme margins prove strong underlying product demand that contradicts the weak price action. THE STRATEGIC RESERVE FLOOR ➡️ US strategic petroleum reserves have fallen to 325 million barrels. ➡️ That is the lowest level since June of 1983. ➡️ Advisers close to the issue see 300 million barrels as a practical floor the market cannot breach without serious consequences. THE CHINA STOCKPILE DRAIN ➡️ China cut oil imports by a staggering 4.9 million barrels per day in June. ➡️ They have forfeited nearly 450 million barrels of imports in a single month, drawing down invisible domestic stocks. ➡️ Yet every mobility indicator from flights to road traffic shows demand remains very strong. ➡️ This buying behavior is unsustainable and the return of Chinese demand will expose the real tightness. THE TEMPORARY SUPPLY SURGE ➡️ Post-truce tanker traffic out of the Strait has surged to about 10 ships per day. ➡️ Roughly 140 million barrels of previously sanctioned Iranian oil are now accessible to the market. ➡️ Still, 9.4 million barrels per day of regional production remains shut in across the Middle East. ➡️ The market is absorbing a short-term flood that analysts expect will fade within one to two months. THE FINANCIAL MARKET BLIND SPOT ➡️ Speculative net length in oil has collapsed back to pre-war levels. ➡️ The paper market is pricing oil as if the anticipated glut from before the conflict is still here. ➡️ Physical fundamentals point to an implied fair value of 130 to 140 dollars per barrel. THE ADMINISTRATION RESPONSE ➡️ Vice President JD Vance stated the goal is to refill the world's oil economy and restock supplies. "What the president has told us to do is to use this to sort of refill the world's oil economy to refill some stocks and then see where the hand is." ➡️ The timing of the truce announcement right before the market open showed clear concern over energy price impacts ahead of the midterms. THE BOTTOM LINE The oil market is far tighter than current prices suggest because China temporarily drained its stocks and a post-truce supply surge is hitting all at once. Once those barrels are absorbed and China returns as a buyer, the real shortage will become impossible to ignore. Energy stocks are already discounting around 60 dollar oil while the marginal cost of new supply sits near 70 dollars. The rebound in oil prices is closer than the market thinks. HT: YouTube Ninepoint Partners Eric Nuttall #OilShortage #ChinaOil #InventoryCrisis #EnergyMarkets #OilPrices #MarketRebound #GeopoliticalOil

Mark

81,253 görüntüleme • 2 ay önce

With Nowhere Else to Turn, Niger Begs Nigeria for Fuel Amid Severe Shortages By: Zagazola Makama For nearly two weeks, Niger Republic has been crippled by a severe fuel crisis, bringing vehicular movement and economic activity to a grinding halt. Long queues stretched across cities, with desperate motorists and businesses struggling to obtain a few liters of petrol. The situation was so dire that the military junta, which once prided itself on rejecting external influence, had no choice but to swallow its pride and turn to Nigeria for help. Despite months of hostile rhetoric and diplomatic friction, Niger’s rulers quietly dispatched their Minister of Petroleum and Renewable Energy, along with top officials from the Niger Petroleum Company (SONIDEP), to beg Abuja for urgent fuel supplies. Nigeria, ever the regional big brother, obliged, approving the immediate delivery of 300 fuel trucks across the border to Niamey. Niger’s fuel crisis didn’t happen overnight. It was the direct consequence of a disastrous confrontation between the ruling junta and Chinese oil companies, which have long dominated Niger’s petroleum sector. The trouble began in March 2024, when China National Petroleum Corporation (CNPC) granted the Nigerien government a $400 million advance, using future crude oil deliveries as collateral. This deal was meant to help Niger cope with the crippling economic sanctions imposed by ECOWAS following the July 2023 coup. However, when it came time to repay the debt, the junta found itself strapped for cash. Rather than negotiating, the military rulers decided to strong-arm China. In a move that stunned industry insiders, they slapped an $80 billion tax demand on SORAZ (Zinder Refinery Company) despite the state-owned Sonidep already owing SORAZ a staggering $250 billion. When China refused to provide additional loans, the junta retaliated by expelling Chinese oil executives from the country and seizing SORAZ’s bank accounts. A Self-Inflicted Crisis This reckless decision backfired almost immediately. Niger’s entire petroleum sector which is heavily reliant on Chinese expertise and investment began to collapse. The SORAZ refinery, the lifeline of Niger’s fuel supply, ground to a halt, and fuel shortages spread like wildfire. This crisis could not have come at a worse time. The Niger-Benin oil pipeline, a project designed to boost Niger’s crude exports to 100,000 barrels per day by 2025, was also at risk. With Chinese engineers gone and no viable alternative in place, the junta’s decision plunged the country into economic uncertainty. Turning to Nigeria for Help For weeks, the military leadership refused to acknowledge the crisis publicly. State-controlled media was ordered to stay silent about the fuel shortage and the growing unrest among Nigeriens, who were forced to buy petrol at sky-high black-market prices. But as the situation worsened, the junta had no choice but to seek external help even if it meant approaching Nigeria, the very country they had repeatedly criticized since the coup. Without any public announcement, Niger quietly sent a delegation to Abuja, appealing for an emergency fuel supply. The irony was lost on no one this was the same junta that had openly defied ECOWAS sanctions, severed ties with France and the West, and aligned itself with Russia. Yet when faced with economic collapse, it was Nigeria that they turned to for salvation. Nigeria Plays the Good Neighbor Again Despite months of insults, false accusations, name calling, diplomatic snubs, and hostility, Nigeria once again stepped in to help. It was gathered that the Nigerian Government approved the release of 300 fuel trucks, which immediately began crossing into Niger to ease the crisis.

With Nowhere Else to Turn, Niger Begs Nigeria for Fuel Amid Severe Shortages By: Zagazola Makama For nearly two weeks, Niger Republic has been crippled by a severe fuel crisis, bringing vehicular movement and economic activity to a grinding halt. Long queues stretched across cities, with desperate motorists and businesses struggling to obtain a few liters of petrol. The situation was so dire that the military junta, which once prided itself on rejecting external influence, had no choice but to swallow its pride and turn to Nigeria for help. Despite months of hostile rhetoric and diplomatic friction, Niger’s rulers quietly dispatched their Minister of Petroleum and Renewable Energy, along with top officials from the Niger Petroleum Company (SONIDEP), to beg Abuja for urgent fuel supplies. Nigeria, ever the regional big brother, obliged, approving the immediate delivery of 300 fuel trucks across the border to Niamey. Niger’s fuel crisis didn’t happen overnight. It was the direct consequence of a disastrous confrontation between the ruling junta and Chinese oil companies, which have long dominated Niger’s petroleum sector. The trouble began in March 2024, when China National Petroleum Corporation (CNPC) granted the Nigerien government a $400 million advance, using future crude oil deliveries as collateral. This deal was meant to help Niger cope with the crippling economic sanctions imposed by ECOWAS following the July 2023 coup. However, when it came time to repay the debt, the junta found itself strapped for cash. Rather than negotiating, the military rulers decided to strong-arm China. In a move that stunned industry insiders, they slapped an $80 billion tax demand on SORAZ (Zinder Refinery Company) despite the state-owned Sonidep already owing SORAZ a staggering $250 billion. When China refused to provide additional loans, the junta retaliated by expelling Chinese oil executives from the country and seizing SORAZ’s bank accounts. A Self-Inflicted Crisis This reckless decision backfired almost immediately. Niger’s entire petroleum sector which is heavily reliant on Chinese expertise and investment began to collapse. The SORAZ refinery, the lifeline of Niger’s fuel supply, ground to a halt, and fuel shortages spread like wildfire. This crisis could not have come at a worse time. The Niger-Benin oil pipeline, a project designed to boost Niger’s crude exports to 100,000 barrels per day by 2025, was also at risk. With Chinese engineers gone and no viable alternative in place, the junta’s decision plunged the country into economic uncertainty. Turning to Nigeria for Help For weeks, the military leadership refused to acknowledge the crisis publicly. State-controlled media was ordered to stay silent about the fuel shortage and the growing unrest among Nigeriens, who were forced to buy petrol at sky-high black-market prices. But as the situation worsened, the junta had no choice but to seek external help even if it meant approaching Nigeria, the very country they had repeatedly criticized since the coup. Without any public announcement, Niger quietly sent a delegation to Abuja, appealing for an emergency fuel supply. The irony was lost on no one this was the same junta that had openly defied ECOWAS sanctions, severed ties with France and the West, and aligned itself with Russia. Yet when faced with economic collapse, it was Nigeria that they turned to for salvation. Nigeria Plays the Good Neighbor Again Despite months of insults, false accusations, name calling, diplomatic snubs, and hostility, Nigeria once again stepped in to help. It was gathered that the Nigerian Government approved the release of 300 fuel trucks, which immediately began crossing into Niger to ease the crisis.

Zagazola

327,792 görüntüleme • 1 yıl önce

History they don’t teach you: on this day in 1960, Fidel Castro nationalised Esso, Shell and Texaco in Cuba🇨🇺, breaking the United States’ draconian control of the Cuban economy. After the Soviet Union began supplying Cuba with crude oil, Texaco, Esso, and British-Dutch Shell refused to refine Soviet oil for Cuba after pressure from the US government. 100% of Cuba’s oil refining capacity was controlled by these 3 corporations, meaning the US government and these corporations effectively held the Cuban economy at gunpoint. Fidel Castro responded to this by nationalising the assets of all 3 corporations. Before Cuba's revolution, US financial interests owned 90% of Cuba’s mines, 80% of public utilities, 50% of railways, 40% of sugar production & 25% of bank deposits. In the first 30 months after Fidel Castro and Cuba’s communists came to power, more classrooms were built in those 30 months than had been built in the previous 30 years. Within the first six months of Castro's government, 600 miles of road had been built across the island, while $300 million was spent on water and sanitation schemes. Over 800 houses were constructed every month in the early years of the administration in a measure to cut homelessness, while nurseries and day-care centers were opened for children and other centers opened for the disabled and elderly. With the arrival of the revolutionary government, Cuban healthcare was nationalised and expanded with heavy investment, bringing free healthcare access to millions. Universal vaccination for childhood diseases was introduced, leading to infant mortality rates plummeting. Cuba's 'army of doctors' is now sent to crisis-hit countries around the world. Since 1963, more than 600,000 Cuban health workers have provided medical services in more than 160 countries. Despite being under the illegal embargo imposed by the US, Cuba now has a higher life expectancy than the US, has more doctors per capita than the US, and is among the top 35 countries for lowest child mortality rates. Under Fidel Castro's rule, UNICEF declared severe child malnutrition to be eradicated. Donald Trump’s looming war on Cuba is revenge for Cuban revolutionaries daring to break the US’ control of the island nation. Trump wants to return to the times when Cuba was effectively an American economic colony.

History they don’t teach you: on this day in 1960, Fidel Castro nationalised Esso, Shell and Texaco in Cuba🇨🇺, breaking the United States’ draconian control of the Cuban economy. After the Soviet Union began supplying Cuba with crude oil, Texaco, Esso, and British-Dutch Shell refused to refine Soviet oil for Cuba after pressure from the US government. 100% of Cuba’s oil refining capacity was controlled by these 3 corporations, meaning the US government and these corporations effectively held the Cuban economy at gunpoint. Fidel Castro responded to this by nationalising the assets of all 3 corporations. Before Cuba's revolution, US financial interests owned 90% of Cuba’s mines, 80% of public utilities, 50% of railways, 40% of sugar production & 25% of bank deposits. In the first 30 months after Fidel Castro and Cuba’s communists came to power, more classrooms were built in those 30 months than had been built in the previous 30 years. Within the first six months of Castro's government, 600 miles of road had been built across the island, while $300 million was spent on water and sanitation schemes. Over 800 houses were constructed every month in the early years of the administration in a measure to cut homelessness, while nurseries and day-care centers were opened for children and other centers opened for the disabled and elderly. With the arrival of the revolutionary government, Cuban healthcare was nationalised and expanded with heavy investment, bringing free healthcare access to millions. Universal vaccination for childhood diseases was introduced, leading to infant mortality rates plummeting. Cuba's 'army of doctors' is now sent to crisis-hit countries around the world. Since 1963, more than 600,000 Cuban health workers have provided medical services in more than 160 countries. Despite being under the illegal embargo imposed by the US, Cuba now has a higher life expectancy than the US, has more doctors per capita than the US, and is among the top 35 countries for lowest child mortality rates. Under Fidel Castro's rule, UNICEF declared severe child malnutrition to be eradicated. Donald Trump’s looming war on Cuba is revenge for Cuban revolutionaries daring to break the US’ control of the island nation. Trump wants to return to the times when Cuba was effectively an American economic colony.

Afshin Rattansi

54,466 görüntüleme • 2 ay önce