The Ukrainian General Staff of the Armed Forces confirmed its attack on an oil refinery in Siberia on Thursday. The Omsk refinery is one of the “most powerful oil refining enterprises in Russia,” the General Staff noted, stressing that the facility processes more than 21 million tons of oil per year.
More to come…
Breaking News
Houthis claim missile strike on Riyadh airport………
October 8, 2026
Yemen’s Houthi movement claimed that its armed forces successfully targeted King Khalid International Airport in Riyadh with a ballistic missile, according to the spokesperson Yahya Saree (pictured). The strike “accurately struck its target and disrupted airport operations,” Saree wrote. He also warned airlines “against continuing to operate flights in Saudi airspace, as it has become a theater of our military operations, with the exception of the airspace over the holy cities of Mecca and Medina.” This follows an earlier report of missile strikes on Saudi military sites, which the group claimed killed or injured dozens of troops and set weapons depots on fire.
Oil extends gains, up 3.5% as supply concerns mount
Oil prices extended gains on Thursday as markets weighed the prospect of renewed large-scale US military operations against Iran after The Atlantic reported that US President Donald Trump and his national security team have discussed possible strikes in the upcoming weeks, including potential military actions before next month’s midterm elections. In the Middle East, tanker attacks in the Strait of Hormuz continue to threaten supply, and Iran-backed Houthis have also targeted sites in Saudi Arabia, prompting further strikes by the Riyadh-led coalition. Meanwhile, producers in the Gulf of Mexico shut in more than 510,000 barrels per day of crude output, about a quarter of regional production, due to Hurricane Isaias.
WTI for November delivery increased by 3.55% at 3:10 am ET to $91.39 per barrel. At the same time, Brent for December shipments jumped by 3.85% to $103.98 per barrel.
Breaking News
TWICE AS NICE….
October 8, 2026
Two Elections. One Energy Crisis. And a Dangerous Bet That Iran Will Break.
By Nick Guarino | OPINION | October 8, 2026
Two elections, two governments, and one increasingly dangerous wager on the price of energy. In Washington and Jerusalem, political leaders face the consequences of a war that has already transformed the oil market. In Tehran, decision-makers believe that keeping pressure on shipping can change the negotiating environment after voters have spoken.
Everybody may think time is on their side. My fear is that time is running out for the people who buy gasoline, diesel, heat their homes, and pay to move food and freight.
1.Two Elections, Opposite Bets
The United States faces its November midterm elections, with control of Congress and now even the House at stake. Israel faces its own electoral politics. Between the liberals and conservatives. The Israeli elections are coning right before the US elections.
October 27th is the Israeli election. U.S. midterms are Tuesday, November 3rd, so exactly one week apart.
Tehran may has calculated that an oil shock will erode support for hard-line policies in both countries and improve its bargaining position. Conversely, Both Israeli opponents and US liberal Democrats favor a immediate cease fire and give Iran whatever it want to start oil flows again.
Iran and Israel and the U.S.A are all placing big bets on the outcome both of the war and the elections. Either way it goes it is our firm belief that oil will soar in pric.
Leaders in power in Washington and Jerusalem are hoping for a rally-around-the-flag response to a expanded military confrontation occurring right before the elections.
The next 3 weeks are critical.
. Those are competing hypotheses about political incentives and outcomes.
And both calculations could be wrong. An electorate can rally to its leaders in the first days of a crisis and punish them later for the bill. One thing all the politicians understand. The voting public has a short memory and always vote their vesteed interests.
2.The Strait Is The Most Contested Waterway in the World
Recent reporting supplied for this article describes renewed attacks on commercial tankers around the Strait of Hormuz, including an incident north of Qatar, and heightened maritime-security warnings. And increased US and Israel preparations for war. These reports need final incident-level verification before publication, but the strategic problem is clear: a tanker route is not safe merely because some ships get through.
Insurers, shipowners, captains, and cargo buyers are up at night sweating the risks and loses they may incur. Even intermittent strikes can raise freight costs, reduce traffic, and disrupt delivery schedules. A reopening announcement cannot compel commercial ships to sail. As you are seeing oil prices are responing Crude has soared from $77 a barrel in Augt to $103 today.
3.The Great Miscalculation: What If Iran Does Not Collapse?
What if the assumption behind the military campaign is that Iran is one more round of strikes away from political collapse and military collasp? What if that assumption is mistaken?
Military degradation and regime collapse are not the same thing. Neither is the destruction of major bases equivalent to the elimination of mobile missiles, drones, mines, and other means of harassing shipping. Iran need not defeat an opposing military outright to impose heavy costs on international commerce.
Chinese and Russian relationships may affect Iran’s endurance, but the scope of any present material support has been well documented. Claims of destroyed American bases have slowly been proven correct. And claims of an Iranian collapse has still not occoureed. As witnessed by the continuing attacks on US military assets in the gulf, Constant attacks on s. cargo ship Amd Gluf oil states asstes like refineries and pipeline going up in smoke.
My wager is that Iran could survive substantial additional pressure while retaining the ability to menace the strait. That would make the hoped-for quick restoration of normal energy flows a dangerous planning assumption. And one we are not buying into.
4.The Emergency Barrel Is Not a New Barrel
The International Energy Agency statement supplied for this story says approximately 325 million barrels of oil had been released under the March 2026 collective action and that completing previously pledged releases would bring roughly another 100 million barrels to market. It also says members prioritized diesel stocks. 400 million of barrels of oil suppiled to the markek. Net result = Oil and diesel prices more than doubled.
That is an enormous intervention, not a “minuscule” one. But unfortunately government have shot their wad. it is a temporary fix. Emergency oil inventories releases are finite. As you are seeing they run out. Its not a permanent increase in production or refinery capacity. The figures show that strategic reserves are nearly exhausted; total remaining stocks and release constraints clearly show Emergence oil reserves are just about gone. And Iran damn near knows this. It heightens their will to continue to hang on just a little longe
5.The Other Front: Russian Refiners and Global Gas
Verified continued Ukrainian attacks on Russian refining infrastructure add another pressure point. Damage, repair timelines, export restrictions, and the actual loss of saleable refined products—not simply the number of reported strikes—determine the market impact.
Liquefied natural gas adds a separate vulnerability. The source material supplied LNG departures through Hormuz still more than 75 percent below prewar levels despite some rebound. And before the Ukraine Russian invasion Russia suppled over 70% of European natural gas. LNG is not interchangeable with diesel, but competition for scarce energy can transmit price shocks across electricity, heating, manufacturing, and transport.
6.My $150 Oil Forecast
Brent oil quoted at over $103.00 per barrel and WTI at $91.00 early Thursday.
I believe $150 Brent is a plausible severe-disruption scenario if attacks persist, commercial transit remains impaired, refineries stay constrained, and dwindling emergency releases fail to bridge the gap. A ceasefire, safer transit, weaker demand, or restored supply could move prices in the other direction.
Rationing of diesel, gasoline, or heating oil is likewise a risk scenario. Governments have options before formal rationing, including targeted releases, demand-management appeals, and prioritizing essential services. But as the disruptions continue Governments could be forced to make decisions that would have seemed unthinkable only months ago.
7.Twice as Nice—Until the Bill Arrives
Iran may be betting on political fatigue. Its adversaries may be betting on political unity. The voters may be thinking about neither strategy when they pay their energy and heating bills.
Two elections may decide who holds power. They will not, by themselves, restore a refinery, replenish a strategic stockpile, or make a hazardous sea lane safe. And certanielly supply more badly needed oil.
That is the danger in treating an energy war as an election-season contest: whoever wins the political wager people still inherit the economic loss.
Their is money in those oil barrels
8.Source Notes and Publication Checks
• IEA statement supplied by author, October 2026: approximately 325 million barrels released; approximately 100 million pledged and unreleased; diesel prioritized. Confirm against the original IEA release.
• Breaking the News market report supplied by author, October 8, 2026: Brent $103.98; WTI $91.39; reported military and weather developments. Verify timestamps and hurricane claims independently.
• UK Maritime Trade Operations recent incidents: https://www.ukmto.org/recent-incidents
• Reuters tanker attack report, October 7, 2026: https://www.reuters.com/world/middle-east/attacks-tankers-hormuz-hit-highest-any-week-since-start-iran-war-sources-say-2026-10-07/
The International Energy Agency (IEA) released a statement on Wednesday following a meeting, revealing that Member governments supported “accelerating the oil stock releases announced in the Collective Action of March 2026 with a view to completing them as soon as possible.” Furthermore, the members also agreed that the release of diesel stocks should be prioritized given the current market situation, while hailing the Group of Seven’s (G7) recent statement on global energy security and market stability. “To date, approximately 325 million barrels of oil have been released under the March 2026 Collective Action … The full release of all the stocks that had been pledged but have not yet been released would bring approximately 100 million barrels to the market,” the IEA detailed.
NN: Another publicity stunt. This does not come close to replacing the missing oil
Breaking News
30-year US Treasury yield climbs to fresh 2002 high
October 5, 2026
Yield on the 30-year US Treasury bond reached a new high level since 2002 on Monday as investors digested the latest report by the ISM, which showed that services sector activity expanded in September, albeit at a slower pace, which could convince the Federal Reserve to keep interest rates higher. Data revealed a sharp rise in prices paid by businesses, with the Price Index clocking in at 74%, making it the highest figure since July 2022, seemingly raising concern that inflationary pressures might be growing. The Federal Reserve will share minutes from its policy meeting this week that could give a clearer insight into its decision to raise interest rates by a quarter of a percentage point last month.
The yield on the 30-year bond jumped 6.2 basis points to 5.691%. The return on the 10-year Treasury note increased 6.0 basis points to 5.337%. The yield on the 2-year bond added 2.5 basis points to 4.850%.
NN: Hopefully we will soon get our next average point on our strips. At least 50 bases points higher. Please note if you go into our bond info page the quotes are updated daily. As our the charts and our bond calculator is working.
Breaking News
BURNING YOUR FURNITURE TO HEAT YOUR HOME
October 5, 2026
The energy cushion is disappearing. This winter the danger may no longer be only what fuel costs — but whether enough fuel is available where it is needed.
RATIONING!
A Nick Guarino Opinion Piece
1.The Warning
Saudi Aramco CEO Amin Nasser has warned that global oil inventories have become “scarily thin” and that emergency releases can buy time but cannot repair the underlying imbalance. His warning that depleted inventories could take as long as two years to rebuild is the foundation of this editorial: emergency stocks are a bridge, not new production.
2.Five Data Points the Market Cannot Ignore
1. Emergency reserves are being consumed.
The G7 and partners have discussed making up to 100 million barrels of emergency crude and diesel available over roughly four months. Some volumes overlap with previously pledged emergency releases. Even the full headline amount averages only about 830,000 barrels per day over four months. A sick joke
2. Diesel and heating oil are the pressure point.
Crude in storage is not diesel in a truck or heating oil in a home. Refining capacity, middle-distillate inventories and transportation determine whether crude becomes usable fuel. The current squeeze in refined products is therefore more important to households and transportation than the crude headline alone.
3. LNG is not an easy escape valve.
Supplied Bloomberg/Kpler reporting says LNG flows through Hormuz remain more than 75% below prewar levels despite a rebound. Before the war, roughly three LNG cargoes per day regularly exited the Strait; September was estimated at 21 cargoes for the entire month.
4. Winter changes the equation.
A colder-than-normal winter would increase heating demand while diesel, heating oil and LNG markets are already strained. Our forecast is not that the world literally exhausts every gallon, but that regional shortages could become severe enough to produce rationing and forced conservation measures.
5. Rebuilding the cushion will take years.
Even if Hormuz fully reopens, the inventories already consumed still have to be replaced while the world continues meeting daily demand. Nasser’s two-year warning makes the duration of the problem as important as the immediate shortage.
3.HERE’S HOW BIG OIL IS SCREWING YOU
The story they don’t want you to know
This is Nick Guarino once again telling you the story Wall Street, Big oil and politicans are hiseing from you. The underlying economic point is straightforward: stressed overseas markets will place a much higher value on exportable U.S. energy than the domestic benchmark price.
Using the market figures discussed for this report, U.S. Henry Hub natural gas was roughly $3 per MMBtu while stressed European gas was around $25 per MMBtu. A rough all-in LNG delivery cost in the neighborhood of $8–$10 per MMBtu can leave an indicative gross arbitrage opportunity of roughly $15–$17 per MMBtu in an unusually stressed $25 European market. The exact profit captured by any company depends on contracts, hedges, liquefaction fees, shipping, ownership and other costs. But as you can see the profits are hugh to take natural case from the US market and ship it to the hungry markets of Europe and Asia.
In my opinion producers are deliberately withholding gas from Americans. International demand acts like an economic magnet on every incremental molecule of U.S. gas capable of reaching an LNG export terminal. At the margin, American consumers increasingly compete with European and Asian buyers.
The same international pull matters in refined products. When diesel and heating oil command exceptional premiums overseas, export economics compete with domestic demand. Every refiner that can chooses foreign customers over Americans; it is that globally traded fuels move toward markets willing and able to pay the highest netback, subject to contracts, logistics and regulation. They are pushing things to limit and weell do so till they get caught. Whistle blower anyone?
4.Diesel, Heating Oil and Natural Gas: Three Pressure Points
Diesel powers trucking, farming, construction and industry. Heating oil competes for closely related middle-distillate refinery output. Natural gas increasingly participates in a global LNG market. A simultaneous squeeze across all three leaves households, transportation and industry with fewer easy substitutes.
Our editorial forecast is as physical shortages become severe enough this winter, governments could turn to rationing or conservation measures rather than allow critical systems to fail. That could mean priority allocations for essential users and appeals or mandates to reduce heating demand. A specific 60°F thermostat rule has not been announced; it is an illustration of the kind of conservation policy that could become politically conceivable in an extreme shortage. And severe penatlies will be enacted for “overusers.”
5.The Traditional Fallback Is Not Universally Available
Wood heated homes even caves and cooked food for millions of years. The liberal commie lefties are doing all in their (wood is the ultimate renewable fuel is no longer a universal fallback. Some U.S. jurisdictions restrict wood burning sighting air-quality issues, regulate the installation of wood-burning appliances and our prohibiting the use of existing fireplaces. Shit the greenewinnies are prohibition fireplaces and wood burning stoves in new construction. New York City has not generally banned fireplaces, but its building policies increasingly limit onsite fossil-fuel combustio. The broader point is that modern households cannot always switch freely among wood, oil, gas and electricity when one fuel becomes scarce. It ain’t no accident!
6.Europe’s Shortage Will Reach Back Into America
U.S. LNG terminals draw natural gas from the domestic pipeline system, liquefy it at about −260°F (−162°C), and load it onto ships. And sell it to overseas buyers who pay many multiples of the U.S. benchmark, export demand will drive higher U.S. gas prices for consumers and tighter regional balances. America possess enormous underground gas resources and still experience sky high prices and infrastructure constraints at the consumer level.
The point is simple: Europe’s energy shortage does stay in Europe. Europe and Asia buyers bid for U.S. LNG, and that competition transmits global scarcity back into the American market. And raises prices for U.S. Consumers.
7.Our Forecast: Rationing, Global Supply Shortages
Our prediction is not that every tank runs dry. It is that the remaining cushion becomes thin enough that governments and distributors will have to decide who gets fuel first as they bid agaist each other rasing prices to the moon. Diesel, gasoline, heating oil and natural gas would not necessarily be rationed everywhere or simultaneously. But if winter is colder than normal and the present disruptions persist, rationing and aggressive conservation become risks you need to take seriously.
Imagine heating-oil distributors allocating deliveries, truckers and farmers competing for middle distillates, utilities facing exceptional gas demand, and governments preserving part of their strategic inventories for national-security needs. At that point price is no longer the only issue. Availability is the issue.
BURNING YOUR FURNITURE TO HEAT YOUR HOME
The phrase is intentionally stark imagery, not a prediction that families will literally be forced to burn furniture. But at the prices they are about to pay burning their furniture to heat may be cheaper. After years of assuming abundant interchangeable energy, and the greenieewinnes sucessful in shuting down drilling and refining consumers may discover that their is a rice to pay for climate change stupidity. A very very high price indeed. And the alternatives they expected are constrained at the same time.
8.Sources / Source Material
Bloomberg — G7 and partners: planned release of up to 100 million barrels of emergency oil and diesel stocks; supplied in this conversation.
Bloomberg / Energy Intelligence Forum — Saudi Aramco CEO Amin Nasser: inventories described as “scarily thin”; emergency releases buy time; replenishment could take up to two years; supplied in this conversation.
Bloomberg and Kpler tanker-traffic data — LNG traffic through Hormuz rebounding but remaining more than 75% below prewar levels; supplied in this conversation.
Reuters shipping-data reporting referenced in the supplied LNG article — September LNG shipments through Hormuz remained well below prewar levels.
U.S. Energy Information Administration — U.S. LNG exports, Henry Hub pricing dynamics, and the relationship between export demand and domestic natural-gas markets.
U.S. EPA / state and local air-quality agencies — wood-burning appliance standards and local no-burn restrictions.
New York City building rules — restrictions on onsite fossil-fuel combustion in new construction.
Editorial disclosure: Forward-looking statements concerning shortages, rationing, conservation measures and winter conditions are Nick Guarino’s opinion and risk assessment, not established forecasts or announced government policies.
— Nick Guarino
Special Report
Thumb Talking Fools
October 4, 2026
Breaking News
100 MILLION EU BARRELS WON’T SOLVE THE COMING GLOBAL ENERGY CRISIS
October 4, 2026
An Editorial Analysis of the G7 Emergency Oil and Diesel Release
By Nick Guarino
The Headline Sounds Big. The Arithmetic Is Not
The Group of Seven and its partners have agreed to release 100 million barrels of emergency diesel, crude oil and other petroleum stocks through the International Energy Agency over four months, with diesel front-loaded into the first 20 days. The announcement follows intense pressure to contain fuel prices by the US and a G7 commitment to avoid energy-export restrictions among members.
One hundred million barrels sounds enormous. Spread across roughly four months, however, it averages only about 830,000 barrels per day. That is not meaningful emergency supply release, when its measured against a global oil supply that has already been devastated by historic disruptions, extraordinary inventory draws and severe refined-product shortages in the billions of barrels..
Our conclusion is straightforward: the release can buy a little time and exert a little downward pressure on prices temporarily. It cannot by itself repair the growing physical supply problem.
Five Data Points the Market Should Not Ignore
1. The 100-million-barrel release is less than one million barrels per day.
At an average of roughly 830,000 barrels per day over four months, the announced release is incredible small relative to the scale of current disruptions. Reuters reported the G7 agreement on October 2, including a token early release of diesel.
2. The real global deficit is smaller than the headline Hormuz loss – but still enormous.
The IEA reported in September that Hormuz flows averaged only 7.6 million barrels per day in August, 13.1 million barrels per day below prewar levels, with cumulative export losses through the waterway are approaching 2.8 billion barrels. But the IEA also stressed that alternative routes, lower demand, non-Gulf supply and inventory releases which are running out have temporarily offset some of that headline loss. Its estimated global oil balance deficits were about 2.2 million barrels per day in the second quarter and 1.7 million barrels per day in the third quarter.
3. Emergency Inventories have been doing the work that production and trade could not.
The IEA said observed global oil inventories were 507 million barrels lower than at the onset of the war by September, after IEA member countries had already released more than 300 million barrels of emergency stocks. Earlier, its August Oil Market Report recorded a 410-million-barrel decline since the war began, averaging about 2.7 million barrels per day.
4. Russia is intensifying the refined-products problem.
Reuters reported that Russia extended its diesel export ban through the end of October as Ukrainian drone attacks disrupted refinery operations. S&P Global reported that Russian Black Sea diesel and gasoil exports fell to zero for the first time on record in the week ending September 24. That does not mean all Russian diesel exports were zero: total Russian diesel/gasoil shipments that week were about 81,000 metric tons, almost half the prior week’s level.
5. The Hormuz highly politicized recovery numbers deserve careful interpretation.
Independent Kpler estimates cited by Reuters put September Middle East crude exports at 16.328 million barrels per day and flows through Hormuz at about 9.719 million barrels per day. Those figures are not merely ship counts, but neither are they an audited barrel-by-barrel tally. Reuters noted that the estimates exclude vessels operating without active tracking systems. The market should therefore distinguish between credible commercial estimates and perfect measurement in a wartime shipping environment.
The Critical Distinction: Crude Oil Is Not Diesel
The market has focused heavily on whether crude tankers are again moving through Hormuz. But a recovery in crude exports does not automatically restore diesel, gasoline, jet fuel or heating-oil availability.
The IEA reported that refinery throughput remained nearly 5 million barrels per day below year-earlier levels in July, while seaborne product trade was down 3.8 million barrels per day year over year. It specifically identified continuing Middle East product-export disruptions and attacks on Russian refineries as constraints on refinery activity.
That is why emergency crude oil releases alone cannot solve the problem. The world needs functioning refineries, usable trade routes, available tankers and sufficient inventories of the refined fuels consumed by transportation, agriculture, industry and heating.
Hormuz: Skepticism Is Justified, but So Is Precision
We believe investors should be skeptical of sweeping claims that the Strait of Hormuz problem has been solved by US military escorted tanker movements. The latest independent estimates show a substantial recovery in crude movements, but they remain tracking- and model-dependent estimates produced in an unusually opaque wartime environment.
At the same time, it would be incorrect to dismiss the recovery figures as nothing more than U.S. government press releases or simple vessel counts. Reuters has cited Kpler’s independent cargo-flow estimates, while also acknowledging the blind spot created by ships operating without active tracking systems.
Our position is therefore narrower and stronger: the exact volume moving through Hormuz cannot be known with perfect precision in real time, and improving crude flows should not be confused with normalization of the broader refined-products market. BUT record refinery utilization rates and record high crack spreads and record low distillate inventories and record high Diesel fuel prices reveal the untold truth. We are running out!
Russia Adds a Second Supply Shock
The Russian situation compounds the Middle East disruption. Ukrainian attacks have forced significant cutbacks at major Russian refineries, while Moscow has restricted diesel exports to protect domestic supplies. Reuters reported in September that six major Russian diesel-producing refineries had cut or halted output after drone strikes.
The historically unusual collapse of Black Sea diesel shipments illustrates the severity of the pressure. But precision matters here too: Black Sea diesel exports reached zero for one reported week; total Russian diesel exports did not. But it does not bode well for future supplies coming out of the black sea. Especially when viewed in light of Ukrainian threat and ability to continue drone attacks on Russian refineries and export shipping
Winter Is the Test
The emergency releases arrive as the Northern Hemisphere moves toward fall harvest season. And the start of winter time record demand for heating oil. And peek demand time of the year for diesel, and other middle distillates which are essential to trucking, agriculture, construction, industry and seasonal heating demand.
Emergency stocks can bridge a temporary interruption. They cannot permanently replace damaged refining capacity, restricted exports or disrupted trade routes.
That is the central danger we believe markets are underestimating.
Our Editorial Assessment
The G7 action may succeed in its immediate objective: send a reassuring signal, putting some downward pressure on prices and demonstrate that governments are acting. I regurad is as little more than a publicity stunt. The numbers are minuscule compared to seasonal deamnd and total supply disruptions.
But the timing also carries an obvious political dimension. President Trump and his administration are confronting extraordinarily high fuel prices immediately ahead of the November U.S. midterm elections. Reuters reported that the agreement followed U.S. pressure on Europe to release emergency stocks. It is obvious to me electoral considerations are driving political decisions. In fact; our editorial assessment is that the political incentive for visible action before the election is unmistakable. And meaningless to solving the coming winter supply shortages.
The danger is that a successful headline is mistaken for a successful solution.
A 100-million-barrel release spread over four months cannot come close to compensate for continuing production, refining and trade disruptions measured in millions of barrels per day. Nor can governments repeatedly draw strategic inventories without reducing the buffer available for the next emergency. In fact its worse the untold truth is emergency supplies are running out globally!
The question investors should be asking is not whether these releases can knock several dollars off today’s price of a barrel of oil. They can. But in a $100 oil market a potential temporary $10 drop is meaningless. In fact it is a buying opportunity. Especially since we anticipate $150 oil by years end.
The question is what happens when all the emergency barrels have been consumed and winter demand is still there. And supplies continue to be disrupted
If Middle Eastern refined-product exports remain constrained as we expect, and Russian refining and exports remain impaired, and inventories continue to decline, the world could enter winter with dangerously thin fuel buffers.
That is why we regard the latest announcement of G7 emergency releases as a sick joke – not a resolution of the energy crisis.
And when the publicity surrounding the emergency releases fades, the physical market will still have to answer the only question that ultimately matters:
Where will the replacement barrels – and especially the replacement diesel – come from?
Sources
1. Reuters, Oct. 2, 2026 – G7 countries agree on release of 100 million barrels of diesel and oil stocks after U.S. pressure.
2. International Energy Agency, Oil Market Report, Aug. 12, 2026 – global supply, refinery throughput and observed inventory data.
3. International Energy Agency, September 2026 analysis – Hormuz flows, cumulative export losses, global oil-balance deficits and emergency stock releases.
4. Reuters, Sept. 28, 2026 – Kpler estimates for Middle East crude exports and Strait of Hormuz flows; tracking limitations.
5. Reuters, Sept. 30, 2026 – Russia extends diesel export restrictions through October.
6. S&P Global Commodity Insights, Sept. 29, 2026 – Russian Black Sea diesel/gasoil exports fall to zero for the first time on record.
7. Reuters, Sept. 15, 2026 – refinery cutbacks following Ukrainian drone attacks on major Russian diesel-producing facilities.
Editorial analysis by Nick Guarino | October 2026
Breaking News
Score One For The Good Guys
October 4, 2026
This is one of the best videos i have seen yet. Israel narrowly adverted a 911 style terrorist attack. Fumy the Israeli Jews are presented as a people who commit crimes against humanity. I never saw a Jew suicide bomber, never saw Israel sanction hijackings or Jihad. Never saw Jews with gopro vides strapped to their head videoing the rape and torture of women children and innocent civilians. Love the Jew hate the Jew it does not matter these people are survivors. If you want to worry about something worry about the Hodges because the Jews are coming for them.