EMERGENCY: KUWAIT DECLARES FORCE MAJEURE, CUTS OIL PRODUCTION
March 7th, 2026Via: Bloomberg:
Kuwait Petroleum declared force majeure — a legal clause allowing a company not to fulfill contractual obligations because of circumstances outside its control — on sales of oil and refinery products, according to a notice seen by Bloomberg.
The country produced about 2.57 million barrels a day of oil in January, according to data compiled by Bloomberg. The only route out for the supply is through the Strait of Hormuz. Saudi Arabia, the biggest producer in the region, has diverted some of its crude away from this route toward Yanbu in the Red Sea.
IRAN DESTROYS U.S. MISSILE DEFENSE RADARS ACROSS MIDDLE EAST
March 7th, 2026Via: The War Zone:
As expected, Iran has repeatedly targeted prized missile defense radars across the Middle East in retaliation for the joint U.S.-Israeli air campaign that is ongoing. Iran’s attacks on high-value radars that enable the region’s missile defense capabilities appear to have succeeded on multiple occasions. The irony that lower-end long-range kamikaze drones are perhaps the biggest threat to extremely advanced radars capable of providing telemetry for intercepting targets traveling at hypersonic speeds, sometimes in space, is glaring. The losses of the radars and/or damage to their facilities should finally serve as a stark wake-up call regarding the vulnerability of these critical but largely static assets.
Based on the information at hand, it appears that Iran has been able to destroy one U.S. AN/TPY-2 radar in Jordan and damage the massive American-made AN/FPS-132 phased array radar in Qatar, prompting immediate concerns about available radar coverage to help respond to further barrages. There are strong indications that a number of other similar systems have been destroyed or damaged, as well.
EMERGENCY: ISRAEL ATTACKS IRAN’S OIL AND GAS FACILITIES
March 7th, 2026Perhaps this is also a war against China:
China has emerged as the largest buyer of Iranian crude, importing more than 80% of Iran’s oil exports in 2025. This amounted to around 1.38 million barrels per day, roughly 13–14% of China’s total seaborne crude imports, according to Kpler. Tehran’s oil has limited buyers due to decades of U.S. sanctions aimed at curbing Iran’s nuclear ambitions, leaving China uniquely positioned as a consistent customer. Much of the Iranian crude is purchased by independent refiners, commonly called “teapots,” which are clustered in Shandong province and operate with narrow margins. Large state-owned Chinese oil companies have largely avoided direct imports since 2018–2019 to reduce sanction risk. Iranian oil is also often transshipped or relabeled through countries such as Malaysia and Indonesia to navigate U.S. sanctions restrictions.
China’s reliance on Iranian oil underscores a delicate balancing act between securing affordable energy and navigating international pressure. Iranian crude trades at a discount of $8–$10 per barrel below global benchmarks, making it financially attractive to smaller Chinese refiners. Yet this dependence exposes China to geopolitical risks: any conflict in the Middle East or further tightening of sanctions could disrupt shipments, affecting refinery operations and energy security.
Via: Al Jazeera:
Israel has struck some of Iran’s most vital oil and gas facilities, the first such attacks despite decades of rivalry between the Middle Eastern nations, raising fears of a widening conflict and threatening turmoil for the markets.
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Iran holds the world’s second-largest proven natural gas reserves and the third-largest crude oil reserves, according to the United States government’s Energy Information Administration (EIA), and its energy infrastructure has long been a potential target for Israel.
Before the current spiral in their conflict, Israel had largely avoided targeting Iranian energy facilities, amid pressure from its allies, including the US, over the risks to global oil and gas prices from any such attack.
That has now changed.
On Friday, Israel’s Defence Minister Israel?Katz warned that if Iran retaliated to its attacks, “Tehran will burn”.
Late on Saturday, major fires broke out at two opposing ends of the Iranian capital — the Shahran fuel and gas depot, northwest of central Tehran, and one of Iran’s biggest oil refineries in Shahr Rey, to the city’s south.
While Iran’s Student News Network subsequently denied that the Shahr Rey refinery had been struck by Israel, and claimed it was still operating, it conceded that a fuel tank outside the refinery had caught fire. It did not explain what sparked the fire.
But Iran’s Petroleum Ministry confirmed that Israel had struck the Shahran depot, where firefighters are still trying to bring flames under control.
The Israeli aerial attacks also targeted the South Pars field, offshore Iran’s southern Bushehr province. The world’s largest gasfield is the source of two-thirds of Iran’s gas production, which is consumed nationally. Iran shares the South Pars with its neighbour Qatar, where it is called the North Field.
The strikes triggered significant damage and fire at the Phase 14 natural gas processing facility and halted an offshore production platform that generates 12 million cubic metres per day, reported the semiofficial Tasnim news agency.
In a separate Israeli attack, fire reportedly broke out at the Fajr Jam gas plant, one of Iran’s largest processing facilities, also in the Bushehr province, which processes fuel from South Pars. The Iranian Petroleum Ministry confirmed that the facility was hit.
More:
The Sky Is The Limit For The Current Oil Price Rally
Is This The Beginning Of The Worst Gas Crisis The World Has Seen?
U.S. Military-Industrial Complex Agrees To Quadruple Bomb Production As Operation Epic Fury Rages On
March 7th, 2026War Is A Racket, 2026 edition.
Via: ZeroHedge:
Dwindling supplies of critical munitions are being amplified by Ukraine’s continued need for interceptors amid relentless Russian missile and drone barrages, a major problem that likely prompted President Trump to host top U.S. defense manufacturers to discuss accelerating missile and bomb production.
“We just concluded a very good meeting with the largest U.S. Defense Manufacturing Companies where we discussed Production and Production Schedules,” Trump said on Truth Social late Friday afternoon.
Trump said the CEOs of BAE Systems, Boeing, Honeywell Aerospace, L3Harris Missile Solutions, Lockheed Martin, Northrop Grumman, and Raytheon were all in attendance and “agreed to quadruple” weapons production.
“They have agreed to quadruple Production of the ‘Exquisite Class’ Weaponry in that we want to reach, as rapidly as possible, the highest levels of quantity. Expansion began three months prior to the meeting, and the plants and Production of many of these Weapons are already underway,” the President said.
“We have agreed to quadruple critical munitions production,” LMT wrote on X shortly after the meeting.
U.S. Army Cancels Major Training Exercise for 82nd Airborne Division
March 7th, 2026Via: Independent:
The Army reportedly abruptly canceled a major training exercise for members of an elite paratrooper unit, sparking speculation that the Defense Department could be preparing to send U.S. troops to the front lines of the Iran conflict.
The 82nd Airborne Division at Fort Bragg, North Carolina, includes a brigade combat force of up to 5,000 soldiers ready to rapidly deploy, and the unit has been present in recent years during major moments like the U.S. evacuation of Afghanistan in 2021 and defense preparations in Europe ahead of Russia’s invasion of Ukraine the following year.
The unit’s Immediate Response Force reportedly has not been given deployment orders, but those familiar told The Washington Post they are on alert as the conflict escalates. Other parts of the 82nd Airborne have continued ongoing training in Louisiana in recent days.
And Now… U.S. Asks Ukraine’s Help To Shoot Down Iran’s Shahed Drones In Gulf
March 7th, 2026I don’t even know where to start…
Via: ZeroHedge:
In the ultimate irony of ironies, Financial Times is reporting US officials are discussing the purchase of Ukrainian-made drone interceptors to counter Iranian drones, which some analysts say have proven harder to stop than expected.
Patriot missile interceptors used by US allies cost more than $4 million each, while the Ukrainian systems are significantly cheaper and designed to defeat the same Shahed-type drones used by Russia.
Kuwaiti F/A-18’s Triple Friendly Fire Shootdown Gets Stranger By The Day
March 7th, 2026Via: The War Zone:
An experienced former F/A-18 pilot talked to TWZ about the event and the new video, and concluded that the incident is, altogether, “very strange.”
“I have genuinely no idea how someone could make this mistake,” the ex-Hornet driver continued. “Unless it’s something procedural and GCI [ground-control intercept] has messed up, talked him on, and he’s seen what he wanted to see … but even that’s bordering on implausible.”
OIL UP 38% SINCE START OF IRAN WAR
March 6th, 2026Via: Yahoo Finance:
US oil prices notched their biggest weekly gain since at least 1985 on Friday as the conflict headed toward the one-week mark and the critical Strait of Hormuz remained essentially closed off to through-traffic.
US benchmark West Texas Intermediate crude (CL=F) gained over 38% since the close of trading on Friday before the conflict began to briefly cross $92 per barrel. Meanwhile, Brent crude (BZ=F), the international pricing benchmark, gained roughly 30% to trade above $94 per barrel, its biggest weekly gain since April 2020.
The two benchmark products are now trading at prices not seen since April 2024 for Brent, and since at least October 2023 for WTI, as they continue a roaring rally driven by one of the largest supply shocks in years. Analysts say there’s a chance they go even higher.
“We are growing more confident that without an agreement and a fast cessation of all kinetic activity, the crude market will begin to break in days, and not in weeks or months,” Vikas Dwivedi, global energy strategist at Macquarie, said.
TRUMP DEMANDS IRAN’S UNCONDITIONAL SURRENDER
March 6th, 2026Via: USA Today:
President Donald Trump demanded Iran’s ‘unconditional surrender’ in a social media post Friday morning, insisting “there will be no deal” to end his now seven-day-old war with the battered Persian Gulf power.
Trump said the United States and its allies “will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before.”
The president’s announcement came as air attacks spanned the Middle East, additional U.S. troops were on en route to the region, Trump brushed off domestic fears of rising gas prices.
“I don’t have any concern about it,” Trump told the Reuters news agency on Thursday. “They’ll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit.”
Declassified Documents Link U.S. Bioweapons Program to Lyme Disease Outbreak
March 5th, 2026Via: Dr. Robert W. Malone:
An extensive investigation based on declassified government documents and previously suppressed scientific research has uncovered compelling evidence that U.S. biological weapons programs contributed to the emergence of Lyme disease, which now affects hundreds of thousands of Americans annually.
The investigation reveals a pattern of concealment spanning six decades, including the systematic suppression of critical medical research and the release of nearly 300,000 radioactive ticks across Virginia to study how the disease-carrying insects would spread.
