Economy Middle East

Economy

ADNOC Can’t Ship Its Own Gas. Goldman Says Gulf GDP Could Drop 14%.

ADNOC cut LNG production because tankers cannot transit Hormuz. Goldman projects Qatar and Kuwait GDP down 14 percent if the war runs through April. Trump's deadline expires Monday.
Economy

Iran Just Knocked Out 17 Percent of Qatar’s LNG Capacity. Repairs Will Take Up to Five Years.

Iran struck Ras Laffan and knocked out 17% of Qatar's LNG capacity for 3-5 years. The $20B annual revenue loss has no substitute. Global LNG has zero slack.
Economy

The IEA Released 400 Million Barrels. Gulf Producers Cut 6.7 Million Per Day. The Math Doesn’t Work.

Saudi Arabia, Iraq, the UAE, and Kuwait have cut combined oil output by 6.7 million barrels per day as Hormuz storage fills and tankers stop moving. The IEA released 400 million barrels on Wednesday. The net position is still deeply negative.
Economy

Russia Is Feeding Iran Intelligence on American Troop Positions. The War Just Got a Third Player.

Russia is sharing satellite intelligence with Iran on US troop positions. Six Americans are dead. Moscow profits from every barrel Iran can't sell.
Economy

Oil Surges Toward $73, Gold Eyes $5,300 as US-Israel Strikes on Iran Upend Weekend Calm

Brent hits $72.87 and gold holds above $5,200 as US-Israel strikes on Iran threaten Hormuz chokepoint. Oil, gold, equities and FX outlook for Monday open.
Economy

US and Israel Launch Joint Strikes on Iran as Trump Declares ‘Major Combat Operations’

US and Israel launch Operation Epic Fury on Iran as Trump declares major combat operations. Tehran retaliates across the Gulf. Strait of Hormuz now a war zone.
Economy

US-Saudi Nuclear Deal Opens Door to Uranium Enrichment, Breaking Gulf Precedent

Proposed US-Saudi nuclear deal would grant Riyadh uranium enrichment rights, breaking Gulf gold standard and raising proliferation fears amid Iran talks.