That would be pretty brilliant on Ukraine’s part if they pulled it off.The RN was short of sailors so it gave up a couple of ships to the Ukrainians.
The RN trained the Ukrainians how to operate them but they Ukrainians couldn't get them into Ukrainian waters.
The RN is short of sailors and ships so it can't help out in the Gulf.
Fortunately the Ukrainians have got some RN trained sailors in slightly used RN ships available to lend a hand. Despite the fact they have a war on at home.
Ukrainian Navy Ready to Join Mine-Clearing Operations in the Strait of Hormuz with Two Ships
The Ukrainian Navy is ready to join the demining of the Strait of Hormuz with two ships from the mine countermeasures division currently based in Portsmouth, UK.Dmytro Pletenchuk, a spokesperson […]militarnyi.com
Iran Super Thread- Merged
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HavokFour
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I think we might be seeing a whole lot more conflict in the region in the very near future.
UAE to Leave OPEC in May as Iran War Reshapes Oil Market
ArchiveI know this matters but I’m looking for someone smarter than me to explain why.
HavokFour
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UAE undercuts Saudi Arabia (and OPEC), which also will result in US Shale taking a bunch of strays so then everyone is making a whole lot less money. Basically everyone (that benefits the most from a higher price) gets biggly mad.
There's also the matter of the strait being closed still. Both SA and UAE each have a pipe to sort of bypass it, so watch for random "accidents" to start happening involving those. And if not accidents, see which gets targeted by Iran should the ceasefire end.
EDIT: This is also another sign the UAE may be serious about switching over to trading with the Yuan. OPEC is nearly USD exclusive.
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UAE and KSA were in a bit of proxy war before all this kicked off, both in Sudan and Yemen. Right now they are making nice , because they need each other, for the moment...
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Both WTI (West Texas Intermediate) and Brent oil are trading above 100$/barrel. Brent is over 110$. US 10yr Bond over 4.36%. Things are slipping the wrong way again for Trump. Once May 1 hits, the oil futures will flip over to June deliveries. Doesn't help Trump that Merz from Germany today said 'The US is being humiliated by Iran'.
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as far as i can see an extra 1.5 million barrels a day since not adhering to OPEC quota. Or 25% more and maybe avoiding Hormuz via pipeline
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More oil on the market means lower prices for everyone. "Drill, Baby, Drill" to maximize volume over price per barrel.
Not great for shale or oil sands with higher marginal costs and lower prices.
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the thing with the Gulf states is they still have to get it out. UAE might move from 4mbpd to 5.5mbpd but if the pipeline is maxed out at 1.5-2 already they will need to cut a deal with Iran. Maybe thats the real break with SA?
Something to understand. In the 70s, Bahrain was the pre-eminent state. There was no Emirates and Etihad. As an 80s kid over there we took Gulf Air. Kuwait was actually the richest Gulf State where people wanted to work. The Gulf War dethroned Kuwait. The UAE broke up with Gulf Air, created their own airlines and plowed money into developing a commercial and manufacturing hub. The Saudis are now trying to do to the UAE what the Emiratis did to Bahrain. The crazy ideas you see like Neom are part of that effort.
This is why you now see the Emiratis forming the crazy axis with Israel (reliant on the UAE for business in the Gulf) and India (long-standing trade and population ties), and you see the Islamic club emerging with Saudi, Turkey and Pakistan. This emerging contest is simmering in the background apart from conflict in Iran. They are positioning for what comes after.
This is why you now see the Emiratis forming the crazy axis with Israel (reliant on the UAE for business in the Gulf) and India (long-standing trade and population ties), and you see the Islamic club emerging with Saudi, Turkey and Pakistan. This emerging contest is simmering in the background apart from conflict in Iran. They are positioning for what comes after.
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Other than the classic Iran vs everyone else, not as much as you would normally assume.
