Showing posts with label IEA. Show all posts
Showing posts with label IEA. Show all posts

Thursday, March 12, 2026

US Navy to the rescue of tankers - Update

Guardian: Reports in its 7.25pm post the following, "  US Navy could escort vessels through strait of Hormuz with international coalition, Bessent says  "

Let's Get Real:

The Trump Oval should have thought about before starting the WAR, Trump was critical of the Reagan Oval for using the US Navy to escort tankers during the Iraq - Iran War in the 1980s.  Trump should have remembered this event, the US Navy and Allies will come under attack, they need to be ready.  Oil price will go down, as more oil comes to the market through the IEA and Naval escort of tankers.

Wednesday, March 11, 2026

400 hundred million new barrels of oil on the Market - Update

BBC News:  Reports in its 2.11pm post the following, "  IEA approves release of 400m barrels of oil  " 

Let's Get Real:

This is the largest release in the body's history as noted by the article, all down to the closure of the Strait of Hormuz by Iran.  As Sky News reports the high price of oil has not gone down.  How will the release help, supply of oil for a few days buy what afterwards.  Trump has been making remarks that he wants out, Iran is not Venezuela, Trump is wimping out, this blog expects that Trump could declare victory by the weekend, with the Regime in Iran still in charge, and they could have access to nuclear weapons in a fee years, Trump is NO Reagan.