Oil Surges Past $100 as US-Iran Talks Collapse and Trump Announces Strait of Hormuz Blockade, Triggering Global LNG Supply Crisis
TODAY'S SIGNAL — The Middle East energy crisis entered a dangerous new phase on April 13 as the collapse of US-Iran negotiations…
TODAY'S SIGNAL — The Middle East energy crisis entered a dangerous new phase on April 13 as the collapse of US-Iran negotiations and President Trump's announce…
The cascading effects are now systemic: Asian LNG imports have plunged to their lowest since June 2020, falling below 600,000 tons on a 30-day moving average. The supply shock is forcing extraordinary policy reversals — Eni's CEO is publicly calling for the EU to suspend its 2027 Russian LNG ban, the US has issued sanctions waivers enabling the first Iranian crude shipments to India in seven years (4 million barrels), and Inpex is redirecting Ichthys condensate to address Au…
One pattern. Trace it.
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A pattern worth naming
(2) EU Council and Commission responses to Eni's call for suspending the 2027 Russian LNG ban — political fractures between member states on this issue will emerge within 2-3 weeks. (3) Additional US sanctions waivers — if Washington extends relief beyond Iran to Venezuela or eases enforcement on Russian crude, it signals the supply crisis has overwhelmed geopolitical strategy.
“If LNG oversupply through 2027 is now off the table, which of our capital projects just became stranded and which need acceleration?”
Ask your trading desk which of this week’s policy moves changes a 12-month price assumption, not just a 12-day one.
By Joseph Lancaster, Editor — with research from Pine Needle's intelligence layer.
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