🛢️ CRUDE — New strikes push oil $3 higher; the market is doing the accounting. 📌 LOOK CLOSER: At $104/barrel, a $3 move is ~3% — below panic but above noise. Saudi hits plus Hormuz interdiction now have no diplomatic relief valve: Muscat collapsed last night. Asian buyers pricing in a corridor deal are now repricing for a prolonged blockade. Goldman's $120 forecast moves toward baseline.
newsupdates
💥 KHAMIS MUSHAIT — The all-clear came. Whether the launch was intercepted or missed is still open. 📌 LOOK CLOSER: Civil Defence lifting the alert confirms the threat window closed — but not how. Intercept or impact determines Riyadh's next move. Saudi Arabia still won't publicly name the attacker.
newsupdates
⏱️ MUSCAT — The meeting didn't fail on substance — it failed on a draft Saudi Arabia won't sign. 📌 LOOK CLOSER: GCC amendments signal the corridor proposal favors Tehran's terms. Riyadh, with both export routes closed, won't legitimize a framework that locks in Iranian strait
breaking
💥 HORMOZGAN — Explosions inside the province running the blockade. 📌 LOOK CLOSER: Hormozgan hosts IRGC naval assets enforcing the Hormuz exclusion zone — strikes here target the blockade's operational spine. No attribution yet, but timing — one day before Muscat talks — makes this a pressure strike or spoiler. If US or Israeli
newsupdates
🛢️ DIESEL — Trump tells Kyiv to stop hitting Russian refineries; Hormuz did the rest. 📌 LOOK CLOSER: With $6 US diesel, Trump is blaming Kyiv — not Tehran. Two simultaneous shocks: Hormuz blocks Gulf refined flows; Ukrainian strikes cut Russian refining. Europe absorbs both. Trump's pressure on Zelenskyy signals he wants