WEBVTT 00:01.650 --> 00:04.990 the crisis just got worse. 00:05.370 --> 00:07.470 We're now seeing travel restrictions 00:07.470 --> 00:10.090 not just locally in certain countries, 00:10.350 --> 00:13.110 but it's now starting to spread globally. 00:13.430 --> 00:17.170 All this and a lot more in today's stream. 00:17.530 --> 00:21.070 I wanna actually begin with some interesting news 00:21.070 --> 00:22.170 which you might not have seen 00:22.170 --> 00:24.790 because it hasn't been on the mainstream media 00:24.790 --> 00:25.790 too heavily today. 00:26.330 --> 00:28.750 But I wanna open up to this article 00:28.750 --> 00:31.190 before we go into all the travel-related issues. 00:31.910 --> 00:32.870 And this is from the banker. 00:33.150 --> 00:37.970 It says, Iran to target US-owned banks in the Gulf. 00:38.570 --> 00:39.630 So this has been a, 00:40.470 --> 00:43.510 I was waiting for a few hours to have this verified 00:43.510 --> 00:45.290 before I brought it to you as well 00:45.290 --> 00:46.670 because there's nothing worse 00:46.670 --> 00:48.790 than giving information that isn't true. 00:48.890 --> 00:52.530 So we've got it from about six or seven verified sources now. 00:53.070 --> 00:55.670 So Iran has said it will target economic 00:55.670 --> 00:58.330 and banking interests in the Gulf 00:58.330 --> 01:01.750 in retaliation for US strikes on a Tehran bank, 01:02.130 --> 01:04.790 putting further pressure on the financial sectors 01:05.350 --> 01:08.570 in the UAE and wider region. 01:09.270 --> 01:13.650 This was from the Iranian regime spokesman, Ibrahim, 01:14.570 --> 01:16.830 let's not even try and pronounce that, Zulfaqari. 01:17.150 --> 01:19.210 He warned people to stay at least a mile away 01:19.210 --> 01:21.250 from banks in the Gulf region, 01:21.250 --> 01:23.650 which are to be targeted in response 01:23.650 --> 01:26.930 to overnight on admin facilities 01:26.930 --> 01:31.150 linked to Iranian state lender Bank in Tehran. 01:32.190 --> 01:33.830 So such threats intensify pressure 01:33.830 --> 01:36.490 on banking and financial services in the region, 01:36.770 --> 01:38.850 especially in the UAE. 01:39.110 --> 01:42.870 This is the most prominent financial centers here 01:42.870 --> 01:44.710 in Dubai and Abu Dhabi. 01:45.330 --> 01:46.490 While a number of US banks 01:46.490 --> 01:48.730 have recently moved their regional headquarters 01:48.730 --> 01:50.430 to Saudi in recent years, 01:50.430 --> 01:53.510 most do retain a presence in the UAE, 01:53.670 --> 01:56.890 including JPMorgan, Citigroup, Morgan Stanley, 01:57.170 --> 01:58.830 Wells Fargo and Goldman Sachs. 01:59.210 --> 02:03.170 Ladies and gents, these are not small banks at all. 02:03.250 --> 02:07.550 These are very, very big, huge in fact, banks, 02:07.650 --> 02:09.650 some of the biggest banks in the world. 02:10.090 --> 02:11.770 So this is a threat 02:11.770 --> 02:13.710 that I think everyone should take very seriously. 02:14.090 --> 02:16.410 And it's very interesting how, 02:16.410 --> 02:18.630 if you've been following the markets 02:18.630 --> 02:20.070 over the last 24 hours, 02:20.450 --> 02:23.230 yesterday was very, very interesting indeed. 02:23.810 --> 02:25.590 Some heavy drops, 02:25.850 --> 02:27.730 it wasn't quite across the whole sector, 02:27.730 --> 02:30.510 but there was some heavy drops certainly. 02:31.590 --> 02:34.130 Next thing I wanted to mention then 02:34.870 --> 02:38.310 was if you think about how warfare is actually fought, 02:38.630 --> 02:39.610 you think how it started 02:39.610 --> 02:41.470 with sort of the military stuff, 02:41.790 --> 02:42.810 then it was the leadership, 02:43.150 --> 02:45.350 we moved on to oil infrastructure, 02:46.230 --> 02:47.630 then funny enough, 02:48.410 --> 02:49.670 someone actually messaged me and said, 02:49.990 --> 02:52.430 Neil, you said about water, targeting water, 02:52.810 --> 02:54.510 and that's exactly what has happened now. 02:54.710 --> 02:58.910 But what they've moved on to now is the banks, 02:59.110 --> 03:01.290 so the financial centers. 03:01.890 --> 03:04.070 And we're gonna keep monitoring what's happening 03:04.070 --> 03:08.310 with the strait and yeah, 03:08.370 --> 03:10.210 it's getting very, very touchy now. 03:10.470 --> 03:13.010 I wanna tell you all the updates on this today 03:13.010 --> 03:14.870 from a lot of different countries 03:14.870 --> 03:17.870 and you can see that a lot of this 03:17.870 --> 03:19.850 is being suppressed in the mainstream media 03:20.470 --> 03:21.630 and they're sort of saying, 03:21.830 --> 03:23.270 no, no, there's nothing to worry about, 03:23.890 --> 03:25.230 everything's gonna be fine, 03:25.670 --> 03:27.810 war over in four weeks now, 03:27.990 --> 03:29.150 it was five weeks a week ago, 03:29.650 --> 03:30.790 war over in four weeks, 03:31.070 --> 03:33.370 releasing oil reserves, everything will be fine. 03:34.050 --> 03:35.590 That is not how it works. 03:35.790 --> 03:38.730 You can only release so many emergency reserves 03:38.730 --> 03:41.350 before there's no reserves left. 03:42.390 --> 03:45.690 But of course, people don't think of that, do they? 03:47.490 --> 03:50.250 The other one was, okay, 03:50.590 --> 03:53.170 if you haven't seen, if you haven't watched this video yet, 03:53.490 --> 03:54.790 I'll put the link below. 03:55.250 --> 03:59.410 My new program is out for you, digital income mastery. 04:00.050 --> 04:02.290 There are limited spots per day, 04:02.470 --> 04:03.670 it's a pre-launch event 04:03.670 --> 04:06.470 and that's the same as we did the last time. 04:06.950 --> 04:09.070 So what that means is I'm recording 04:09.070 --> 04:11.270 and creating the program as I go along 04:11.270 --> 04:13.290 and you can get it at a discount 04:14.130 --> 04:15.710 because it's not finished yet 04:15.710 --> 04:16.630 and then when it's finished, 04:16.630 --> 04:20.270 it'll go full price just like all the other programs. 04:21.430 --> 04:24.150 We've think we've got 300 video testimonials, 04:24.410 --> 04:28.250 we've got about 10,000 students now within the academy, 04:28.690 --> 04:31.830 so check that out in the link in the description. 04:32.610 --> 04:36.810 Okay, let's move on to, okay, 04:36.890 --> 04:37.990 the other thing they mentioned 04:38.650 --> 04:41.530 was that they wanted to target, here it is, 04:41.950 --> 04:46.730 they wanted to target now US tech companies. 04:47.210 --> 04:48.650 Now what I thought was interesting about this, 04:48.730 --> 04:53.130 they've singled out Amazon, Microsoft, Nvidia, IBM, 04:53.530 --> 04:55.270 Oracle and Palantir. 04:55.610 --> 04:58.230 They said these are the targets across Israel, 04:58.650 --> 05:00.490 Dubai and Abu Dhabi. 05:00.990 --> 05:04.030 So this is actually again confirmed as well. 05:04.330 --> 05:07.330 So I was looking into that and I was thinking about this 05:07.330 --> 05:10.030 by the way, if you're new, I'm looking at my notes here 05:10.030 --> 05:12.690 and if you are new, please consider subscribing 05:12.690 --> 05:17.050 to the channel, I talk all things geopolitical, finance, 05:17.590 --> 05:19.490 all the things that are important to you 05:19.490 --> 05:23.410 without the sort of mainstream media bias around it. 05:24.010 --> 05:25.710 So I was looking into this then 05:26.330 --> 05:30.190 and I was really thinking what US tech companies 05:30.190 --> 05:33.010 are within range of Iran's missiles 05:33.490 --> 05:35.470 and a little bit of research pulled up 05:35.470 --> 05:39.110 that actually if you think about the ballistic missiles, 05:39.110 --> 05:42.290 what are they cap out at 2000, two and a half thousand 05:42.290 --> 05:45.610 kilometer, so they can reach Israel 05:45.610 --> 05:46.610 some of the Gulf states, 05:47.130 --> 05:50.070 but there isn't really much US tech headquarters 05:51.570 --> 05:53.030 that is reachable. 05:53.390 --> 05:55.070 These are all in the continental US, 05:55.170 --> 05:57.470 that's Apple, Google, Microsoft, et cetera. 05:58.110 --> 05:59.730 But they do have some facilities, 05:59.890 --> 06:01.890 they do in the Gulf and Israel. 06:02.310 --> 06:06.790 So that's Amazon has the AWS centers in UAE in Bahrain 06:07.250 --> 06:10.510 and they were recently hit by drones, these regions, 06:10.810 --> 06:14.150 Microsoft, Google Cloud, Oracle, Nvidia offices, 06:14.470 --> 06:16.290 those are in range. 06:16.950 --> 06:20.690 So yeah, you might just wanna look at your portfolio today 06:21.250 --> 06:25.370 before anything happens there, that would not be good. 06:26.170 --> 06:29.890 And I think it's probably already, the market's opened yet, 06:29.970 --> 06:31.510 I don't know what time it is in the US, 06:31.510 --> 06:33.290 it's 6 p.m. here in London. 06:34.070 --> 06:36.030 So you'll be interested and see what happens 06:36.030 --> 06:37.190 when the market's open today. 06:38.570 --> 06:42.170 Qatar's LNG shutdown sends global shockwaves 06:42.170 --> 06:44.570 through the gas markets. 06:45.610 --> 06:48.850 This came out today from oilprice.com. 06:49.190 --> 06:52.070 Qatar's energy shutdown of its LNG production complex 06:52.070 --> 06:54.810 has resulted in a streak of five days 06:54.810 --> 06:58.670 with zero shipments out of the super chilled fuel 06:59.190 --> 07:00.790 according to Bloomberg. 07:01.230 --> 07:04.230 This is the longest period with no Qatari LNG, 07:04.670 --> 07:06.810 leaving the country since 2008. 07:07.850 --> 07:10.630 So this means 20% of the world's LNG exports 07:10.630 --> 07:12.450 are gone as of right now. 07:13.670 --> 07:17.190 US car goes with liquefied natural gas, which is LNG, 07:17.570 --> 07:19.090 initially en route to Europe. 07:19.230 --> 07:22.810 This one's crazy, actually diverted to Asia. 07:23.410 --> 07:26.270 According to Bloomberg, at least eight LNG tankers 07:26.270 --> 07:28.150 have been diverted to date. 07:28.150 --> 07:30.170 This in turn triggered a further spike 07:30.170 --> 07:32.790 in European gas prices. 07:34.810 --> 07:36.190 Canada, this is out of Bloomberg. 07:36.810 --> 07:39.810 Canada weighs options to boost oil supply 07:39.810 --> 07:42.630 as war causes market turmoil. 07:43.270 --> 07:47.750 So Canada as well has got a lot of concerns now there. 07:48.290 --> 07:51.070 Let me tell you what they are looking to do. 07:51.430 --> 07:53.770 I think this whole net zero plan is out the window. 07:54.110 --> 07:55.490 It's kind of funny, isn't it? 07:55.590 --> 07:57.090 When you think about this, 07:57.530 --> 08:01.190 how they were making this drink through paper straws. 08:01.270 --> 08:05.730 The thought of it makes me, ugh, paper straws, okay? 08:06.610 --> 08:09.630 And yet you think to yourself, I saw a meme this week. 08:09.890 --> 08:12.730 He said, how many paper straws would I need to drink through 08:13.190 --> 08:14.090 for that bomb? 08:14.310 --> 08:16.930 And you know, the whole oil refinery's gone up in flames 08:16.930 --> 08:18.850 and you know, as far as you can see, 08:18.950 --> 08:20.770 it looks like a nuclear bomb has gone off. 08:20.790 --> 08:21.870 It's just black everywhere. 08:22.670 --> 08:23.890 But this is what's going on. 08:24.170 --> 08:25.310 So this whole net zero plan, 08:25.310 --> 08:26.630 I think it's kind of out the window. 08:27.030 --> 08:28.990 Although there's some people still flying around 08:28.990 --> 08:31.350 on their private jets and telling people, 08:31.510 --> 08:34.290 make sure you drink out of your paper straw 08:34.930 --> 08:36.450 while we drop all of these bombs. 08:36.650 --> 08:39.790 And by the way, you need to pay all of these carbon taxes. 08:40.850 --> 08:43.350 I was, luckily I booked my flight. 08:43.670 --> 08:44.970 I'm in the US in April. 08:45.870 --> 08:47.550 And luckily I booked my flight 08:47.550 --> 08:49.070 because I knew that I was like, okay, 08:49.130 --> 08:50.090 it's going to kick off any day. 08:50.170 --> 08:51.070 Let's get the flight booked. 08:51.170 --> 08:54.610 Otherwise I'm going to get hit with all of this. 08:55.070 --> 08:57.870 And I was looking at the flight today, the breakdown, 08:58.130 --> 09:01.250 and there were 18 taxes on there. 09:01.450 --> 09:03.930 I'm not joking you, from the UK to the USA, 09:04.870 --> 09:07.450 18, or should I say payments on there. 09:07.890 --> 09:11.350 So the actual flight itself was, you know, x amount. 09:11.710 --> 09:14.770 And then the other double that was all these taxes, 09:15.150 --> 09:18.190 carbon taxes, green levees, like all this stuff 09:18.190 --> 09:23.110 and you think it's unbelievable how this has all passed. 09:23.290 --> 09:24.350 And yet they're dropping bombs 09:24.350 --> 09:27.150 and people don't even, they can't put two and two together 09:27.150 --> 09:30.790 and realize what a massive scam is going on here 09:30.790 --> 09:31.410 with all of this. 09:31.910 --> 09:33.190 So what does Canada said? 09:33.910 --> 09:36.510 Is urgently exploring options with provinces 09:37.030 --> 09:40.490 and they're going to boost the industrial demand 09:41.370 --> 09:43.230 as a result of this conflict. 09:43.710 --> 09:46.610 Canada is the world's fourth largest oil producer, 09:46.610 --> 09:48.950 but most of its crude goes to the US. 09:49.590 --> 09:53.210 The expanded government-owned trans-mountain pipeline, 09:53.210 --> 09:55.530 which only opened two years ago, 09:55.950 --> 09:58.130 has allowed for a surge in shipments to Asia 09:58.390 --> 10:02.510 with the line running at about 81% in December. 10:03.610 --> 10:06.410 Companies operating in Alberta's oil sands 10:06.410 --> 10:08.890 are entering a period of spring maintenance. 10:09.130 --> 10:10.590 Gosh, talk about bad timing. 10:11.190 --> 10:13.410 Spring maintenance that's going to cut output 10:13.410 --> 10:18.030 by 150,000 barrels a day or more in the second quarter. 10:18.490 --> 10:22.810 While Canada doesn't maintain a US-style strategic reserve 10:22.810 --> 10:24.150 of petroleum this is, 10:24.570 --> 10:26.750 because it's a net exporter of energy, 10:27.130 --> 10:29.490 it does have emergency supplies that could be tapped 10:29.490 --> 10:32.370 for domestic use if needed, they said. 10:34.050 --> 10:36.690 Another one that I saw today is that, 10:36.710 --> 10:39.310 remember I told you last week, watch Japan 10:39.310 --> 10:40.750 because what do they get? 10:40.890 --> 10:46.290 They get 95% of their, I think it's just their energy 10:46.290 --> 10:48.850 in general, it might be something specific, 10:48.850 --> 10:52.810 but 95% of their energy comes from the strait. 10:53.650 --> 10:55.330 So what does Japan announced? 10:55.770 --> 10:59.610 They have released, hold on, let me get this here for you. 11:00.210 --> 11:02.470 Okay, starting on the 16th of March, 11:02.810 --> 11:06.850 the government will release 15 days of private oil 11:06.850 --> 11:09.390 and one month of state reserve. 11:09.510 --> 11:11.590 So they're actually saying this is a crisis. 11:11.970 --> 11:14.550 So they hold 254 days of reserves, 11:14.630 --> 11:16.770 which is one of the biggest buffers in the world. 11:17.180 --> 11:19.290 But they're saying that isn't enough 11:20.310 --> 11:22.590 because if this continues to go on, 11:22.670 --> 11:23.690 there's gonna be a lag effect 11:23.690 --> 11:25.350 and it's gonna be quite serious. 11:26.450 --> 11:30.550 This was a video as well of, let me share a screen. 11:32.650 --> 11:34.370 This was a video of China. 11:35.170 --> 11:37.310 So these are the lines, I'll show you from the start. 11:38.250 --> 11:40.010 Look at these lines right now. 11:40.410 --> 11:41.470 They've got the police there. 11:42.030 --> 11:44.770 These lines just go on and on and on. 11:45.370 --> 11:47.550 Now, obviously it's not gonna be the whole of China, 11:47.610 --> 11:50.050 but there's the fueling station there. 11:50.450 --> 11:52.930 So we're starting to see this all over the place 11:52.930 --> 11:53.870 at the moment. 11:54.270 --> 11:56.270 Now let's go on to some of the specifics. 11:57.450 --> 11:58.610 Vietnam, right? 11:58.910 --> 12:00.030 We'll go through some different countries. 12:00.510 --> 12:02.050 People told to work from home 12:02.050 --> 12:03.730 because they're running out of fuel. 12:04.330 --> 12:06.510 Bangladesh has started rationing now 12:06.510 --> 12:07.950 and there's only, you can only pump 12:07.950 --> 12:09.290 so much fuel per vehicle. 12:09.930 --> 12:12.570 Asia-wide petrol prices surging, 12:13.130 --> 12:16.350 surging and traders can't find alternative supply. 12:16.950 --> 12:18.710 Thousands of flights canceled. 12:19.050 --> 12:20.530 Airlines rerouting everything. 12:21.110 --> 12:22.510 They're carrying extra fuel. 12:22.870 --> 12:25.190 They're making emergency refueling stops. 12:25.390 --> 12:26.290 These are unscheduled. 12:26.590 --> 12:29.870 British Airways parent companies crash by 6%. 12:29.870 --> 12:31.810 EasyJet down 4%. 12:31.810 --> 12:34.370 Airlines are all reviewing their plans. 12:35.330 --> 12:38.670 US Airlines stopped hedging fuel costs years ago. 12:39.070 --> 12:42.030 So they're now eating the current price. 12:42.030 --> 12:43.850 The oil is today. 12:43.970 --> 12:47.050 In fact, oil right now, let's just get that for you. 12:49.810 --> 12:53.490 Oil as of right now, share the screen, 12:54.390 --> 12:57.450 is at $87. 12:58.250 --> 12:59.810 Brent though, let's pull up Brent, 13:00.250 --> 13:02.750 is at $92 a barrel. 13:03.070 --> 13:04.970 And it's interesting, people are celebrating this 13:04.970 --> 13:06.830 and saying, oh, you know, it's fine. 13:07.130 --> 13:10.450 It's come back down from where it went up to. 13:10.450 --> 13:12.870 This is nothing to celebrate ladies and gents. 13:13.350 --> 13:16.710 $90 a barrel oil is not a crisis over. 13:17.030 --> 13:19.690 And even if we look on the month, it's up 40%, 13:19.690 --> 13:21.070 it's up 5% on the day. 13:21.530 --> 13:23.050 And it's kind of interesting. 13:23.890 --> 13:25.870 You know, I always have to mention this. 13:26.170 --> 13:27.770 But I find it interesting when people, 13:28.010 --> 13:29.650 I make a video, I give my forecast 13:29.650 --> 13:31.870 and people get angry, they just get angry 13:31.870 --> 13:35.110 and they say, oh, and they'll say, 13:35.390 --> 13:38.450 oil's down $3 today, you're wrong. 13:38.450 --> 13:40.390 You got it wrong, good, all this sort of stuff. 13:40.850 --> 13:42.370 And I mentioned this on Friday, 13:42.390 --> 13:44.450 but you've got to remember in the world 13:44.450 --> 13:45.530 of finance and economics, 13:46.330 --> 13:47.290 you've got to think of it like, 13:48.070 --> 13:50.090 what's a good example, like water, okay? 13:50.150 --> 13:51.190 It's very fluid. 13:51.710 --> 13:53.670 But what happens is people have this sort of, 13:53.950 --> 13:55.010 they think of it like ice 13:55.410 --> 13:57.170 and they think of it as static and solid. 13:57.550 --> 14:00.590 So just because I say it's $100 a barrel right now 14:01.090 --> 14:01.890 and these are the problems. 14:01.990 --> 14:04.010 And if it goes to 115, 120, 14:04.490 --> 14:05.770 these problems will get bigger. 14:06.290 --> 14:08.130 It doesn't mean I'm saying that 14:08.130 --> 14:09.590 is going to happen right now today, 14:09.590 --> 14:10.810 but you know, some people, 14:11.030 --> 14:13.190 I don't think they get this stuff, 14:13.210 --> 14:15.610 but I'm glad most of you do anyway. 14:16.370 --> 14:18.090 So look at these prices. 14:18.810 --> 14:20.930 The only thing that is pre-neutral on the month 14:20.930 --> 14:22.150 is natural gas. 14:22.390 --> 14:25.810 Everything else is absolutely soaring, 14:25.970 --> 14:27.550 just soaring at the moment. 14:28.290 --> 14:28.890 I mean, look at the day, 14:29.270 --> 14:30.410 heating oil, which we talked about, 14:30.950 --> 14:33.090 there's now a national crisis in the UK 14:33.090 --> 14:36.610 on heating oil that has just been announced. 14:37.390 --> 14:40.710 Let me go back to, let me go back to, 14:40.830 --> 14:44.690 okay, fuel prices across Australia, Asia, Europe, 14:44.850 --> 14:45.890 there's no end in sight. 14:46.270 --> 14:48.770 They are exploding upwards now. 14:49.350 --> 14:53.110 And then we've had Thailand, 14:53.350 --> 14:55.030 government ordered work from home, 14:55.090 --> 14:58.850 from state agencies, suspended, non-essential travel, 14:59.510 --> 15:01.730 no petroleum can be exported. 15:01.730 --> 15:06.510 In fact, I messaged my friend who lives in Bangkok 15:06.510 --> 15:07.670 and I just said to him, 15:07.670 --> 15:10.630 hey, can you just confirm what's going on in Thailand? 15:11.810 --> 15:13.750 And he sent me a lot of stuff here, 15:13.870 --> 15:15.310 work from home policy, 15:15.770 --> 15:17.130 this is government agencies, 15:19.110 --> 15:21.250 the suspended, non-essential travel, 15:21.790 --> 15:23.990 so any overseas trip for government officials 15:23.990 --> 15:25.090 have been suspended. 15:26.990 --> 15:29.470 Office, this one made me kind of laugh, to be honest. 15:29.470 --> 15:32.130 Office air conditioning has to be set 15:32.130 --> 15:34.170 to 26 to 27 degrees Celsius. 15:34.950 --> 15:36.610 Now, you might go, oh my goodness, 15:36.890 --> 15:39.010 that would, I would be boiling alive, 15:39.490 --> 15:42.550 but to the Thais, that's not that hot by the way. 15:43.610 --> 15:46.350 They're comfortable at 30 degrees Celsius, 15:46.590 --> 15:49.210 so I didn't think that was quite amusing, that one. 15:50.010 --> 15:52.770 Shorts leave a tire, they've used stairs 15:52.770 --> 15:54.150 instead of the elevators, 15:54.310 --> 15:55.950 turn off lights, necessary equipment. 15:56.450 --> 15:57.650 I mean, it goes on and on, 15:57.650 --> 15:59.650 the measures that are being implemented 16:00.230 --> 16:01.590 all over the world, Philippines, 16:02.310 --> 16:04.930 they're on a four-day work week for government, 16:05.310 --> 16:08.590 heavy import reliance causing panic buying and restrictions, 16:09.230 --> 16:11.870 Pakistan, fuel crisis with low reserves, 16:12.350 --> 16:14.710 this is days, I mean, weeks at the most, 16:14.750 --> 16:17.290 but they've only got days left in Pakistan, 16:17.290 --> 16:19.530 so this is gonna be pretty serious. 16:20.470 --> 16:22.350 They've done rationing right away, 16:22.850 --> 16:26.750 India, they've got very vulnerable reserves, 16:26.750 --> 16:29.530 gas cuts to the industry 10 to 30%, 16:29.530 --> 16:31.310 physical supply pressures, 16:31.830 --> 16:34.010 high dependence again on the strait, 16:34.850 --> 16:37.930 Sri Lanka facing a huge fuel crisis, 16:38.450 --> 16:40.510 Singapore is a fuel hub, 16:40.810 --> 16:43.670 they're restricting bunker fuel to existing contracts, 16:44.290 --> 16:46.570 China halted diesel exports, 16:47.210 --> 16:48.790 they've got very large reserves, 16:49.030 --> 16:51.110 but again, they get a lot of it from the strait. 16:51.510 --> 16:55.230 I have seen though that Iran is allowing the Chinese, 16:55.930 --> 16:58.970 their container ships to actually pass through. 16:59.330 --> 17:01.010 South Korea, Japan, Taiwan, 17:01.610 --> 17:03.870 massive price surges across LNG, 17:04.550 --> 17:07.710 and we did see three container ships 17:07.710 --> 17:10.650 as of the time that I'm about an hour before recording 17:10.650 --> 17:14.710 have been mined, I guess they were mined, 17:14.770 --> 17:15.830 they've been blown up anyway, 17:16.270 --> 17:18.990 three container ships that tried to pass through, 17:21.010 --> 17:21.890 and then of course, 17:21.890 --> 17:24.590 we'll get onto the emergency one here. 17:26.960 --> 17:28.850 And this was the IEA, 17:29.230 --> 17:31.850 they've ordered the largest ever in history 17:31.850 --> 17:35.830 release of stockpiled oil to reduce the crude price. 17:36.110 --> 17:39.050 I think this may be a big mistake, ladies and gentlemen, 17:39.090 --> 17:40.030 I'm just gonna tell you now, 17:40.370 --> 17:43.310 I think this could be a big, big mistake. 17:43.910 --> 17:46.270 So the International Energy Agency 17:46.270 --> 17:49.090 has ordered this massive release, 17:49.710 --> 17:51.910 32 members agreed unanimously 17:51.910 --> 17:55.110 to release 400 million barrels of oil. 17:56.490 --> 18:00.010 The UK promised to release 13.5 million barrels 18:00.010 --> 18:01.190 from its emergency stocks. 18:01.570 --> 18:02.530 Yeah, they haven't got a lot. 18:03.110 --> 18:06.510 The country held 120 days worth of oil stocks 18:06.510 --> 18:08.150 at the end of last year. 18:08.630 --> 18:10.790 I think it's probably lower than that now. 18:11.430 --> 18:14.070 The stocks are held in refineries, oil terminals, 18:14.230 --> 18:16.610 power stations, offshore fields in the North Sea, 18:17.270 --> 18:21.110 about 15% of the stockpile is held in overseas countries. 18:21.570 --> 18:23.170 Yeah, good luck for what you think 18:23.170 --> 18:25.730 that these countries are gonna send you the, 18:26.390 --> 18:27.750 if it's not on your soil, 18:27.910 --> 18:29.450 good luck getting a lot of this. 18:29.770 --> 18:31.730 And then Japan, we've already mentioned, 18:32.890 --> 18:35.650 okay, 70% of its oil imports. 18:36.030 --> 18:39.230 I think it's 95% of something, it might be their LNG. 18:39.930 --> 18:42.450 So they've said they're gonna release a lot as well. 18:42.770 --> 18:44.990 And then Germany's Economic Minister 18:44.990 --> 18:46.330 told reporters in Berlin 18:46.330 --> 18:51.150 that they'll release 19.5 million barrels of oil. 18:52.310 --> 18:53.830 Ladies and gents, this is, 18:54.370 --> 18:58.250 it's not going the way that we were told it was going to go. 18:58.930 --> 18:59.770 And I think that, 19:00.390 --> 19:04.190 I think this war is not gonna be over in the next four weeks, 19:04.190 --> 19:07.470 which is, again, you keep hearing all the media saying it. 19:07.770 --> 19:11.350 You've seen a lot of things not being released 19:11.350 --> 19:12.350 on the media as well. 19:12.350 --> 19:14.750 I'm seeing stuff all the time through my feeds. 19:16.090 --> 19:18.250 And you're just not seeing any of this 19:18.250 --> 19:19.490 on the mainstream media. 19:19.850 --> 19:23.510 There's a lot of serious things going on right now. 19:23.930 --> 19:26.550 And there was a very tragic incident as well 19:26.550 --> 19:30.270 of a tummerhawk hitting a school in Iran. 19:30.490 --> 19:34.590 Absolutely tragic, tragic incident there 19:34.590 --> 19:35.870 of what actually took place. 19:36.410 --> 19:39.270 I mean, this is not good for anybody, ladies and gents. 19:39.550 --> 19:41.430 But thank you for being a subscriber here. 19:41.870 --> 19:44.610 If you are looking to earn extra income at the moment, 19:44.850 --> 19:48.870 working from home, digital income mastery is now on pre-sale. 19:49.030 --> 19:52.310 You can look at the description, look at the video there. 19:52.770 --> 19:54.510 And apart from that, thanks for being a subscriber. 19:54.870 --> 19:57.010 Take care, God bless, I'll see you on the next one.