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South Korea: -7.7%
Japan: -6.4%
Vietnam: -6.9%
Philippines: -5.3%
Taiwan: -5.1%
Indonesia: -3.5%
Australia: -3.4%
India: -3%
Singapore: -2.8%
Hong Kong: -2.5%
Malaysia: -2.2%
China: -1.1%
Money printer warming up...
*SUMITOMO CHEMICAL ASIA DECLARES FORCE MAJEURE ON DELIVERIES
Which Asian countries are most exposed to rising oil prices: China least, Singapore the most
🛢📈KUWAIT HALTS OIL PRODUCTION DUE TO THE CLOSURE OF THE STRAIT OF HORMUZ
#OOTT
(https://mktnews.com/flashDetail.html?id=019cd097-7551-7001-80c6-4e47a1191975)
Bereit für den Schwarzen Montag?
Yo, und alle Iraner bedanken sich ganz herzlich für Freiheit und Demokratie!
...not
In a crisis gold usually sells off as people sell a liquid asset to meet margin calls. Wait 1-2 weeks and then gold surges. I'm happy to see gold holding above $5k. This is actually bullish.
I bought this book Iran: Empire of The Mind by Michael Axworthy 15 years ago during a previous crisis and reread it this morning. Highly recommended.
The subtitle is key, Axworthy emphasizes Iran's enduring cultural, intellectual, and civilizational influence rather than just military conquests or territorial power. Iran/Persia has shaped the world more through its ‘mind’ (philosophy, literature, bureaucracy, and resilience) than sheer force. He paints a picture of a land of profound contradictions and continuity: an Islamic Republic with low mosque attendance; strict religious dogma alongside poetry celebrating wine, beauty, and love; restrictive rules on women yet high female university enrolment.
He highlights continuity in Iranian identity across invasions and dynasties — the land absorbed conquerors (Arabs, Mongols, Turks) while preserving core elements of Persian culture, language, and administration. I’ve come away from reading it thinking that Khomeinite Islam is like an alien face hugger on Iranian civilisation. They’d like it off them but it’s a complex extraction requiring delicacy and time.
I don’t think we should be bombing these people. I can’t work out what the political objective is and/or how what we are up to leads to the achievement of it. The whole exercise seems riddled with the potential of disastrous secondary effects and it does not help that American strategic communications seem to be in the hands of the Team America guys.
Attacking desalination plants is NOT a front the US wants to open. Horrible, horrible strategic decision
Iran is 3% dependent on desalination - US allies in the region at 40-90%
With Russian, Ukrainian, and Iranian airspace closed, there's just a tiny needle eye left for international flights from Europe to Asia. Some airlines are profiting from the current situation more than others. Source: https://www.zeit.de/wirtschaft/2026-03/lufthansa-europa-asien-nahostkrieg-flugverkehr?freebie=8bcf7aa3
In your inboxes: Viele freiheitlich denkende Menschen hatten große Hoffnungen auf die Trump-Regierung gesetzt. Der Angriff auf den #Iran zeigt: Er hat alle getäuscht.
https://blingbling.substack.com/p/die-trumptauschung
The economy President nuked the economy
The no war President started a war in the Middle East
The drain the swamp President promotes corruption
The crypto President launched rugs
The release the Epstein files President is in them
The cheap oil President made oil moon
Alright...
Bad Karma, wer in Rüstungsunternehmen investiert
🚨 There it is. Proof the Trump administration is being sabotaged. @TuckerCarlson says that Trump is being kept under informational control and is being told polling shows 90-10 support for his war in Iran. Completely fake polling. 🇺🇸
BREAKING: Emirates says it will resume flights from Dubai airport this afternoon
BREAKING: Iran’s interim leadership council has approved that neighbouring countries will no longer be attacked unless an attack on Iran originates from them, President Masoud Pezeshkian has said.
🔴 LIVE updates: http://aje.news/8emae7
BREAKING: Emirates announces all flights to and from Dubai have been suspended until further notice
Well, at least we proactively refilled the strategic petroleum reserve before all this.
Oh, wait.
The video of cats watching the bombings in Iran is going viral.
US-Israeli war on Iran: 10 ways the law of unintended consequences is causing mayhem
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1. South Korea is frantic. Its economy is extremely oil-intensive, unlike that of its mixed-mode neighbor China—and Seoul largely relied on West Asian oil from the Straits of Hormuz.
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2. Taiwan is a panic. Its LNG reserve will run out later this month. Rulers of the Chinese island are looking to fully activate coal-fired power generation if need be.
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3. With deep embarrassment, the US today humiliated itself by giving “permission” to India to buy oil from Russia.
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4. India is simultaneously humiliated by the US “permission” and shrugging at it – New Delhi never actually stopped buying oil from Russia.
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5. Russians are laughing. Many nations across the world are now contacting Russia to up their purchases.
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6. Dubai is furious, as foreigners jam the outward-bound plane routes. No one will want to visit their giant shopping mall if it’s a target in the never-ending nightmare that is the new US-backed Israel juggernaut.
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7. Many Australians are horrified, looking at how everywhere with a US base has become a target and wondering how to back out of their insanely over-priced agreement to serve as a giant naval base for the US.
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8. The British ruling party is in a panic—their alliance with Israel is becoming a burden big enough to destroy the party, and there’s a feeling that the end has begun.
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9. Japan, like Taiwan and South Korea, has no crude oil production of its own and has reserves for only about eight months.
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10. The shipping and logistics industries worldwide are having a waking nightmare, with the planet’s busiest shipping lane causing hold-ups and re-routing problems.
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And China? Well, China is mildly bothered. It does import oil, for sure.
But it has much greater domestic crude oil production than its neighbors, and can use internal supplies to cover more than a quarter of demand.
Also, as a long-term planner, it has been stockpiling for years.
Third, it uses less LNG than its neighbors, and fourth, it has good relations with other oil producers, including Russia and Latin America – and a new friendship with Canada.
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HARM IN ALL DIRECTIONS
Make no mistake, the type of hot war that the US and Israel has unleashed in West Asia will harm all economies, world-wide, directly or indirectly, including China.
But it will do far more harm than just hurting economies. It will destroy alliances, remap allegiances, shatter trust, create alternative trade routes, and hasten the end of the US-Israel dominance over the planet, as they goes down fighting -- literally.
Many will see that as a silver lining.
Wenn Ihr Euch mal nicht sicher seid, wie ihr diesen oder jenen Konflikt moralisch einordnen sollt - @snicklink spürt eigentlich immer das Richtige👇
BREAKING: The Trump Administration is issuing a "30-day waiver" to allow India to purchase Russian oil amid the war with Iran.
BREAKING: US Treasury eases oil sanctions on the Kremlin, allowing Indian refineries to buy the millions of barrels of Russian crude on floating storage until early April, per Bloomberg
Trump TACO on Russian oil sanctions
AI Agents Prefer Bitcoin Over Fiat: New Study https://www.zerohedge.com/markets/ai-agents-prefer-bitcoin-over-fiat-new-study
We’re at the point where they need to release another tranche of Epstein files to distract from the Iran war, which was to distract from the last tranche of Epstein files…
Grämt euch nicht. Auch ich bin teilweise der Illusion verfallen. Seltsamer Typ, aber Charisma. Keinen Bock auf Woke! America First! Fight!
Kompletter Bullshit. Es tut WEH es einzugestehen, aber: die verf***ten Mainstream-Medien hatten RECHT! Auf eine völlig andere Art als SIE es dachten/wollten/könnten, aber sie hatten Recht. Zumindest bei Donnie Boy.
Was haben wir wie Idioten gerufen: "Er hat NIE einen Krieg begonnen!" Nun beginnt die Pfeife den schlimmsten von allen.
Das ganze Drama vorher... der "missverstandene Held der Herzen", der nur Gutes will... alles Bullshit 🤣 Die Karten waren gezinkt. Das Rennen war gelaufen, bevor der Startschuss fiel. Die Konkurrenz war handverlesen. Der wütende Kronprinz wurde "platziert". Schlau genug, um "edgy" vor der Kamera zu wirken. Dumm genug, um wie ein Knecht, das zu realisieren, was ihm aufgetragen wurde.
Hätte es einfacher sein können für ihn? Ein Tattergreis als Vorgänger. Der Wunsch nach Stärke. Eine Idiotin als Gegenkandidatin. Das alles INMITTEN eines Klimas aus verhasster Wokeness. Und dann noch das "Attentat". Perfekte Voraussetzungen. Der Anti-Held.
Ein bißchen "Eingewöhnungszeit" und dann geht's los! Schickes Thinktank-Narrativ: Der bewährte Mix aus Terrorismus und "Bevölkerungs-Abschlachtung". Als ginge es auch nur eine Sekunde um Demokratie, Freiheit oder Menschenrechte. Die USA und Israel haben seit über 70 Jahren einen klaren Deal: Amerika braucht einen Verbündeten an der Quelle der Rohstoffe. Israel braucht einen starken "Rücken". Das war's. Der Rest ist Propaganda. Infantile Märchen für die Ahnungslosen.
Wir ahnen alle wie das enden wird... denn der Iran ist NICHT Irak. Und auch nicht Vietnam.
Ich bin nicht überrascht über dieses "Fallen der Maske".
Ich bin überrascht über das schiere AUSMASS der Täuschung. Denn selbst wenn man WEISS, dass Politik bloß die "Unterhaltungsabteilung der Rüstungsindustrie" ist, so ist es doch immer wieder unglaublich, wie die halbe Welt hypnotisiert werden kann durch die immer selben Methoden.
Gott stehe uns bei.
Der Iran-Krieg ist wahrscheinlich die größte Dummheit im Leben von Donald Trump. Für Europa kommt der Konflikt in einer ohnehin schon herausfordernden Situation. Bemerkenswert, wie deutsche “Eliten” trotzdem den bis vor zwei Wochen noch unbeliebten US-Präsidenten jetzt unterstützen. Selbst in den USA ist mehr Opposition.
If wrestling isn’t real, explain this.
Many assume the Iran war will end quickly, which is plausible.
But it shouldn't be your only scenario.
Here, I outline an alternative scenario: a prolonged conflict and its implications for markets.
Not my base case, but worth considering.
Full macro note tomorrow.
LNG shipping rates soar 650% from $40,000 to $300,000 per day.
"We must learn from history, and you cannot play Russian roulette with the fate of millions of people." - Spanish PM Pedro Sanchez, who appears to be first EU leader to be openly challenging the rationale behind the Iran war.
BREAKING: President Trump has brokered a "multimillion-dollar" gold deal between the US and Venezuela, per Axios.
Details include:
1. Venezuela's state-owned mining company, Minerven, agrees to sell up to 1,000 kilograms of gold destined for US markets
2. Trafigura will "shepherd" the gold to US refineries under a separate arrangement with the US government
3. The contract calls for 98% final gold content, sources say
4. The deal could be worth more than $150 million
The US is eying Venezuela's gold.
x.com/i/article/202928927772…