that is great!

for some people

Very bad. That pipeline could move up to 7 million barrels a day around the strait, which is about 35% of what passed thru the strait pre-war. It wasn't enough but it did marginally offset sea tanker traffic loss.

More importantly this signals that effectively all gulf production is now on the shutdown list and nobody can bank on it returning or being safely bypassed. The world oil market is now in a permanent 20% supply deficit compared to prewar flows, and we are officially in a 1973 level crisis without a reserve cushion left.

That would the pretext Israel needs to invade Sinai. The US and Germany will condemn while providing it with the weapons to do so, and Egypt reliant on US aid will sit back and watch.

sometimes i feels like people go out of their way to convince themselves that history won't repeat itself on them.

China would have been a better partner

There is zero chance of China teaming up with the Saudis given that China is allied with Iran, and their major business is renewables and EV exports which are now booming.

It is kind of here already actually. The price of the distillates per barrel are that high according to reuters, the post refining usually adds 15% to the cost, but it's at 100% or so now. I need to re-read this article myself.

The brent crude benchmark is dated they say.

I can't find the article on a search engine here despite it being just a few days old. I will update if I find, it's on one of my comments but that is buried. Startpage isn't even trying, I said reuters and they only gave me 1 that was even halfway close from them.