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>>2813124News: Iran cucking out just when fun was starting
>>2837393>Who keeps falling for this shit? well, let me explain the long version of it, because you are appreciated.
once this bullshit shitshow created by trump started, trump managed to kick most of the speculators and 'investors' out of the trading oil markets. this is some capital flight that hasn't come back to the oil markets through episodic repositioning and liquidity thinning in contract windows. those who have stayed are probably the most loyal-to-trump rich people there are, and that's why:
>the market bounces at the whims of trump>the market bounces very quickly at the announcements of trumpthere's no enough confidence in the oil market to put money on it.
either way, the oil market will spike whether trump wants or not in the foreseable future. either with a peace deal, either when the SPRs around the globe deplete.
>>2837506 (me)
>>2837393though I could not corroborate how much of the oil market in CFDs left the place. CFDs are issued as over-the-counter (OTC) products, information there is usually only available to the counterparties, which is why global-level monitoring is limited; but those who know…
…know.
>>2837224How come anons ignored this important news!?
A sharp fall in China’s crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming.
Clues are emerging in the mystery of the missing three million barrels—the oil that China would normally be importing but isn’t now. Chinese people are driving fewer gasoline-powered cars and taking trains instead of planes. The country is dialing back operations at the plants that turn crude oil into feedstock for materials such as plastics. And Beijing is beginning to draw down reserves.
Chinese official customs data put crude imports at 7.8 million barrels a day in May, which includes oil arriving by pipeline from Russia, a drop from around 11 million barrels a day in recent years. The missing three million barrels are roughly equal to the combined daily oil consumption of Italy and France.
Just as remarkable as the abrupt import fall is the absence of major visible disruptions to everyday life in China. Tourists are still traveling, factories are still running and store shelves have plenty of toilet paper.
It was only in May that Chinese users began to meaningfully pull from the nation’s various crude inventories, starting at around 500,000 barrels a day, according to maritime risk and intelligence firm Vortexa. The U.S. drew down just over one million barrels a day from commercial crude oil stocks last week.
Before the Iran war, China spent months stockpiling cheap Russian and Iranian oil. Analysts typically put the country’s total crude reserves at between one billion and 1.4 billion barrels, enough to cover at least several months of imports. Beijing doesn’t disclose the figure.
China was “already picking up a lot more than they needed through filling up storage,” said Shell Chief Executive Wael Sawan at The Wall Street Journal’s CEO Council Summit in London on Wednesday. “So they are able to modulate their demand.”
China is finding ways to use less oil.
Electricity-powered high-speed rail and electric vehicles have partly stepped into the roles of short-haul flights and gasoline cars. China’s electricity largely comes from coal and renewable energy.
During national holidays around May Day, air passenger traffic declined about 5.7% compared with the same period last year, but the country saw a 4.6% increase in rail passenger traffic, according to China’s Ministry of Transport.
EV charging volume on highways surged 53% during the holiday period, according to data from China’s National Energy Administration. The Ministry of Transport estimated that an average of 15.4 million EVs traveled each day during the May holiday period, accounting for about a quarter of all vehicles on the road and up 33% from a year earlier.
Vortexa’s Li predicted Chinese users would further tap its reserves—and the surprising resilience could continue for quite a while. She said refiners were better off using reserves than buying expensive crude on the spot market, which often costs more than what they can charge for refined products.
“Based on our calculation, even if the inventory drawdown rate picks up to more than one million barrels a day, China’s commercial reserves alone are enough to sustain another six months,” she said.
>>2837906He just reposted the iranian foreign minister, its over. They cucked out. Fucking retards. And fuck Pakistan, China and all those other cuck nations in the middle east that are pushing for cuck negotiations. Is it so hard to not talk to a pedophile? And Latin America need to be nuked wholesale. Fuck Vietnam for allowing Trump to build his little pedo enclave on their soil. Why is everyone a cuck infront of him?
>>2838015stop expecting third world porky to destroy your rulling class for you you stupid idealist
>>2838015World revolution before socialism was debunked back in 1917, buddy.
>>2838024How many countries became soviet republics in the late 1910s?
How many countries were either people's democracies or socialist republics by the 1950s?
You're much dumber than you think.
>>2838040>instead of creating the critical conditions for a world-revolutionThat is what they're doing thoughever.
>>2838032Why are you talking about world revolution and prove your point not by class relations but by number of states becoming socialist, lmao?
It's quite obvious by now that China, a socialist country, is a world hegemon today. Meaning that MLs have won yet again, and Westoid socdems are shamed once again.
>>2835462ahem this sounds like some glowie type shit right here senpai. there's no war but class war.
>>2838040how sad. it seems israel will come out of this war stronger
>>2838040Cuckran cucking out again and getting itself into another bombing campaign in a few years max. Who would have thought!
>>2838080>>2838076Have you dipshits actually seen the provisions of the agreement or are you talking out of your asses?
>>2838059you obviously dont even know what an hegemon is
>>2838083you dont understand, if the US mainland hasnt been nuked, this is an iranian defeat!
>>2837960>When the U.S. and Israel attacked Iran and the Strait of Hormuz was virtually closed, many analysts thought a prolonged closure could bring oil prices to $150 to $200 a barrel. That in turn was viewed as likely to trigger a global recession. Instead, with the strait chokehold well into its fourth month and clashes in the war continuing, the Brent crude benchmark is below $100 a barrel.>Actions by the world’s biggest oil producer—the U.S.—and its biggest importer—China—help explain this unexpected resilience. The U.S. increased crude oil exports in April and May to more than five million barrels a day, a jump from an average of about four million barrels a day in recent years. And China has cut its imports. thank you zhongguo for preventing the collapse of the world economic system!
>>2838123So cool that Actual Existing Socialism is what's upholding capitalism
>>2838059> China, a socialist country, is a world hegemon todaymaybe in 10 years. currently the US has more aircraft carriers, more nukes, more offshore bases, a higher GDP. and i don't say this to glaze the USA, i say it because the USA is the number one threat to world peace, communism, etc. and it's wrong to underestimate that
>>2838127>upholdingsublating
>>2838136"Sublating" it by helping to sustain America and Israel's war? That just sounds like capitulation
Nobody has a right to call China communist again after all this is over, not when they're helping hold back revolutionary conditions
>>2838143If China is advancing marxism and workers conciousness then how come every chinese national and immigrant i met had even more bourgeoise sentiment and values than americans? lol white americans will practice mutual aid, black americans will, but a lumpen so much as gives a chinaman 3 dollars for a beer and that chinaman doesnt even want to see the back of his head near the store, let alone give him a hand out.
>>2838147ib4 MUH ASIAN CULTURE IS ANTI WHITE DEGENARCY
Nah, even rich viet, and cambodian people are less petite-borugeise and selfish than chinas population. china is just asias new america.
>>2838149Chinese people are the most racist people in asia outside of Japan, china's revolutionary culture has only declined over generations since mao and dengism has led to a chauvinist petite-bourgeoise collectivist society
>>2838103i'm not happy about it but it seems israel will come out of this having annexed a large part of lebanon. advancing it's cleansing and annexation of palestine and having contained iran. because the gcc countries even as they express some anger towards USA and israel, they seemingly fear them more than they are willing to align with iran against them
>>2838178How do you figure it seems that way? We don't know the content of any agreement yet, and we've been hearing that they're "close" to one for months. If anything Israel seems pretty desperate to prevent an agreement of any kind, which shows that they aren't confident that they'll be able to get a favourable one at this stage. Iran has also shown a willingness to stand by Lebanon at the very least, and is even willing to attack Israel to enforce its red lines there.
>>2838154There is no point in supporting either potential worker councils or current Iranian regime, you are supposed to support Iran. ANY Iranian state would be in the same predicament as it is today, and would require the same kind of support to fight off imperialists. It's kind of like Russia today, it just inherited all the USSR's troubles, but with a much weakened position - and much more retarded leadership. Supporting worker councils in Iran won't change the need to defend Iran from imperialism.
>>2837906breakdown:
>alleged leak states that Iran gets a bunch of stuff, much more stuff of what the US regime wants or is willing to accept publicly.>trump saves faces, denies the leak.So in the end, if Iranians accepts the deal, there will be a massive media campaign to portray that trump didn't lose.
>>2838040Since when that was Iran's goals?
but the defeat of the us and its lackeys in the gulf states is a win for humanity, nonetheless.
seethe, and mald.
us regime claims of an agreement signing this weekend in Geneva have been denied by Iran.
>>2838154Last I checked the small plutocratic oligarchy a tugboat ride from Iran's borders and which is an unpopular sunni settler-colony on a shia population is
still standing, let alone even the fucking US base, which is still described as "is" and not "was"
https://en.wikipedia.org/wiki/Naval_Support_Activity_Bahrainlet alone Israel. >Hezbollah's Hussein Al-Haj Hassan to Al Jazeera: What we have been clearly informed by Iran is that Lebanon is included in the ceasefire. We were also informed that Israel will withdraw from Lebanese territory according to the agreement. We will never accept a return to the situation before March 2, 2026, and Israel has no right to stay on our land.
>>2838271thank you iran very cool
but this wonæ't last
>>2838281yeah….
the sad part is that the us regime will wake up any day, and violate any agreement.
>>2838118>if the US mainland hasnt been nuked, this is an iranian defeat!correct
why are they having the funeral of khamenei so late? aren't muslims supposed to be buried like in 3 days time from the moment they die or something?
>>2839065because it's an extremely common Israeli tactic to bomb funerals.
>>2839065>why are they taking precautions for an event where a lot of important people presumably are going to be present outside with a clear line of fire because the enemy doesn't have a soul
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