the crisis just got worse.
We're now seeing travel restrictions
not just locally in certain countries,
but it's now starting to spread globally.
All this and a lot more in today's stream.
I wanna actually begin with some interesting news
which you might not have seen
because it hasn't been on the mainstream media
too heavily today.
But I wanna open up to this article
before we go into all the travel-related issues.
And this is from the banker.
It says, Iran to target US-owned banks in the Gulf.
So this has been a,
I was waiting for a few hours to have this verified
before I brought it to you as well
because there's nothing worse
than giving information that isn't true.
So we've got it from about six or seven verified sources now.
So Iran has said it will target economic
and banking interests in the Gulf
in retaliation for US strikes on a Tehran bank,
putting further pressure on the financial sectors
in the UAE and wider region.
This was from the Iranian regime spokesman, Ibrahim,
let's not even try and pronounce that, Zulfaqari.
He warned people to stay at least a mile away
from banks in the Gulf region,
which are to be targeted in response
to overnight on admin facilities
linked to Iranian state lender Bank in Tehran.
So such threats intensify pressure
on banking and financial services in the region,
especially in the UAE.
This is the most prominent financial centers here
in Dubai and Abu Dhabi.
While a number of US banks
have recently moved their regional headquarters
to Saudi in recent years,
most do retain a presence in the UAE,
including JPMorgan, Citigroup, Morgan Stanley,
Wells Fargo and Goldman Sachs.
Ladies and gents, these are not small banks at all.
These are very, very big, huge in fact, banks,
some of the biggest banks in the world.
So this is a threat
that I think everyone should take very seriously.
And it's very interesting how,
if you've been following the markets
over the last 24 hours,
yesterday was very, very interesting indeed.
Some heavy drops,
it wasn't quite across the whole sector,
but there was some heavy drops certainly.
Next thing I wanted to mention then
was if you think about how warfare is actually fought,
you think how it started
with sort of the military stuff,
then it was the leadership,
we moved on to oil infrastructure,
then funny enough,
someone actually messaged me and said,
Neil, you said about water, targeting water,
and that's exactly what has happened now.
But what they've moved on to now is the banks,
so the financial centers.
And we're gonna keep monitoring what's happening
with the strait and yeah,
it's getting very, very touchy now.
I wanna tell you all the updates on this today
from a lot of different countries
and you can see that a lot of this
is being suppressed in the mainstream media
and they're sort of saying,
no, no, there's nothing to worry about,
everything's gonna be fine,
war over in four weeks now,
it was five weeks a week ago,
war over in four weeks,
releasing oil reserves, everything will be fine.
That is not how it works.
You can only release so many emergency reserves
before there's no reserves left.
But of course, people don't think of that, do they?
The other one was, okay,
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Okay, let's move on to, okay,
the other thing they mentioned
was that they wanted to target, here it is,
they wanted to target now US tech companies.
Now what I thought was interesting about this,
they've singled out Amazon, Microsoft, Nvidia, IBM,
Oracle and Palantir.
They said these are the targets across Israel,
Dubai and Abu Dhabi.
So this is actually again confirmed as well.
So I was looking into that and I was thinking about this
by the way, if you're new, I'm looking at my notes here
and if you are new, please consider subscribing
to the channel, I talk all things geopolitical, finance,
all the things that are important to you
without the sort of mainstream media bias around it.
So I was looking into this then
and I was really thinking what US tech companies
are within range of Iran's missiles
and a little bit of research pulled up
that actually if you think about the ballistic missiles,
what are they cap out at 2000, two and a half thousand
kilometer, so they can reach Israel
some of the Gulf states,
but there isn't really much US tech headquarters
that is reachable.
These are all in the continental US,
that's Apple, Google, Microsoft, et cetera.
But they do have some facilities,
they do in the Gulf and Israel.
So that's Amazon has the AWS centers in UAE in Bahrain
and they were recently hit by drones, these regions,
Microsoft, Google Cloud, Oracle, Nvidia offices,
those are in range.
So yeah, you might just wanna look at your portfolio today
before anything happens there, that would not be good.
And I think it's probably already, the market's opened yet,
I don't know what time it is in the US,
it's 6 p.m. here in London.
So you'll be interested and see what happens
when the market's open today.
Qatar's LNG shutdown sends global shockwaves
through the gas markets.
This came out today from oilprice.com.
Qatar's energy shutdown of its LNG production complex
has resulted in a streak of five days
with zero shipments out of the super chilled fuel
according to Bloomberg.
This is the longest period with no Qatari LNG,
leaving the country since 2008.
So this means 20% of the world's LNG exports
are gone as of right now.
US car goes with liquefied natural gas, which is LNG,
initially en route to Europe.
This one's crazy, actually diverted to Asia.
According to Bloomberg, at least eight LNG tankers
have been diverted to date.
This in turn triggered a further spike
in European gas prices.
Canada, this is out of Bloomberg.
Canada weighs options to boost oil supply
as war causes market turmoil.
So Canada as well has got a lot of concerns now there.
Let me tell you what they are looking to do.
I think this whole net zero plan is out the window.
It's kind of funny, isn't it?
When you think about this,
how they were making this drink through paper straws.
The thought of it makes me, ugh, paper straws, okay?
And yet you think to yourself, I saw a meme this week.
He said, how many paper straws would I need to drink through
for that bomb?
And you know, the whole oil refinery's gone up in flames
and you know, as far as you can see,
it looks like a nuclear bomb has gone off.
It's just black everywhere.
But this is what's going on.
So this whole net zero plan,
I think it's kind of out the window.
Although there's some people still flying around
on their private jets and telling people,
make sure you drink out of your paper straw
while we drop all of these bombs.
And by the way, you need to pay all of these carbon taxes.
I was, luckily I booked my flight.
I'm in the US in April.
And luckily I booked my flight
because I knew that I was like, okay,
it's going to kick off any day.
Let's get the flight booked.
Otherwise I'm going to get hit with all of this.
And I was looking at the flight today, the breakdown,
and there were 18 taxes on there.
I'm not joking you, from the UK to the USA,
18, or should I say payments on there.
So the actual flight itself was, you know, x amount.
And then the other double that was all these taxes,
carbon taxes, green levees, like all this stuff
and you think it's unbelievable how this has all passed.
And yet they're dropping bombs
and people don't even, they can't put two and two together
and realize what a massive scam is going on here
with all of this.
So what does Canada said?
Is urgently exploring options with provinces
and they're going to boost the industrial demand
as a result of this conflict.
Canada is the world's fourth largest oil producer,
but most of its crude goes to the US.
The expanded government-owned trans-mountain pipeline,
which only opened two years ago,
has allowed for a surge in shipments to Asia
with the line running at about 81% in December.
Companies operating in Alberta's oil sands
are entering a period of spring maintenance.
Gosh, talk about bad timing.
Spring maintenance that's going to cut output
by 150,000 barrels a day or more in the second quarter.
While Canada doesn't maintain a US-style strategic reserve
of petroleum this is,
because it's a net exporter of energy,
it does have emergency supplies that could be tapped
for domestic use if needed, they said.
Another one that I saw today is that,
remember I told you last week, watch Japan
because what do they get?
They get 95% of their, I think it's just their energy
in general, it might be something specific,
but 95% of their energy comes from the strait.
So what does Japan announced?
They have released, hold on, let me get this here for you.
Okay, starting on the 16th of March,
the government will release 15 days of private oil
and one month of state reserve.
So they're actually saying this is a crisis.
So they hold 254 days of reserves,
which is one of the biggest buffers in the world.
But they're saying that isn't enough
because if this continues to go on,
there's gonna be a lag effect
and it's gonna be quite serious.
This was a video as well of, let me share a screen.
This was a video of China.
So these are the lines, I'll show you from the start.
Look at these lines right now.
They've got the police there.
These lines just go on and on and on.
Now, obviously it's not gonna be the whole of China,
but there's the fueling station there.
So we're starting to see this all over the place
at the moment.
Now let's go on to some of the specifics.
Vietnam, right?
We'll go through some different countries.
People told to work from home
because they're running out of fuel.
Bangladesh has started rationing now
and there's only, you can only pump
so much fuel per vehicle.
Asia-wide petrol prices surging,
surging and traders can't find alternative supply.
Thousands of flights canceled.
Airlines rerouting everything.
They're carrying extra fuel.
They're making emergency refueling stops.
These are unscheduled.
British Airways parent companies crash by 6%.
EasyJet down 4%.
Airlines are all reviewing their plans.
US Airlines stopped hedging fuel costs years ago.
So they're now eating the current price.
The oil is today.
In fact, oil right now, let's just get that for you.
Oil as of right now, share the screen,
is at $87.
Brent though, let's pull up Brent,
is at $92 a barrel.
And it's interesting, people are celebrating this
and saying, oh, you know, it's fine.
It's come back down from where it went up to.
This is nothing to celebrate ladies and gents.
$90 a barrel oil is not a crisis over.
And even if we look on the month, it's up 40%,
it's up 5% on the day.
And it's kind of interesting.
You know, I always have to mention this.
But I find it interesting when people,
I make a video, I give my forecast
and people get angry, they just get angry
and they say, oh, and they'll say,
oil's down $3 today, you're wrong.
You got it wrong, good, all this sort of stuff.
And I mentioned this on Friday,
but you've got to remember in the world
of finance and economics,
you've got to think of it like,
what's a good example, like water, okay?
It's very fluid.
But what happens is people have this sort of,
they think of it like ice
and they think of it as static and solid.
So just because I say it's $100 a barrel right now
and these are the problems.
And if it goes to 115, 120,
these problems will get bigger.
It doesn't mean I'm saying that
is going to happen right now today,
but you know, some people,
I don't think they get this stuff,
but I'm glad most of you do anyway.
So look at these prices.
The only thing that is pre-neutral on the month
is natural gas.
Everything else is absolutely soaring,
just soaring at the moment.
I mean, look at the day,
heating oil, which we talked about,
there's now a national crisis in the UK
on heating oil that has just been announced.
Let me go back to, let me go back to,
okay, fuel prices across Australia, Asia, Europe,
there's no end in sight.
They are exploding upwards now.
And then we've had Thailand,
government ordered work from home,
from state agencies, suspended, non-essential travel,
no petroleum can be exported.
In fact, I messaged my friend who lives in Bangkok
and I just said to him,
hey, can you just confirm what's going on in Thailand?
And he sent me a lot of stuff here,
work from home policy,
this is government agencies,
the suspended, non-essential travel,
so any overseas trip for government officials
have been suspended.
Office, this one made me kind of laugh, to be honest.
Office air conditioning has to be set
to 26 to 27 degrees Celsius.
Now, you might go, oh my goodness,
that would, I would be boiling alive,
but to the Thais, that's not that hot by the way.
They're comfortable at 30 degrees Celsius,
so I didn't think that was quite amusing, that one.
Shorts leave a tire, they've used stairs
instead of the elevators,
turn off lights, necessary equipment.
I mean, it goes on and on,
the measures that are being implemented
all over the world, Philippines,
they're on a four-day work week for government,
heavy import reliance causing panic buying and restrictions,
Pakistan, fuel crisis with low reserves,
this is days, I mean, weeks at the most,
but they've only got days left in Pakistan,
so this is gonna be pretty serious.
They've done rationing right away,
India, they've got very vulnerable reserves,
gas cuts to the industry 10 to 30%,
physical supply pressures,
high dependence again on the strait,
Sri Lanka facing a huge fuel crisis,
Singapore is a fuel hub,
they're restricting bunker fuel to existing contracts,
China halted diesel exports,
they've got very large reserves,
but again, they get a lot of it from the strait.
I have seen though that Iran is allowing the Chinese,
their container ships to actually pass through.
South Korea, Japan, Taiwan,
massive price surges across LNG,
and we did see three container ships
as of the time that I'm about an hour before recording
have been mined, I guess they were mined,
they've been blown up anyway,
three container ships that tried to pass through,
and then of course,
we'll get onto the emergency one here.
And this was the IEA,
they've ordered the largest ever in history
release of stockpiled oil to reduce the crude price.
I think this may be a big mistake, ladies and gentlemen,
I'm just gonna tell you now,
I think this could be a big, big mistake.
So the International Energy Agency
has ordered this massive release,
32 members agreed unanimously
to release 400 million barrels of oil.
The UK promised to release 13.5 million barrels
from its emergency stocks.
Yeah, they haven't got a lot.
The country held 120 days worth of oil stocks
at the end of last year.
I think it's probably lower than that now.
The stocks are held in refineries, oil terminals,
power stations, offshore fields in the North Sea,
about 15% of the stockpile is held in overseas countries.
Yeah, good luck for what you think
that these countries are gonna send you the,
if it's not on your soil,
good luck getting a lot of this.
And then Japan, we've already mentioned,
okay, 70% of its oil imports.
I think it's 95% of something, it might be their LNG.
So they've said they're gonna release a lot as well.
And then Germany's Economic Minister
told reporters in Berlin
that they'll release 19.5 million barrels of oil.
Ladies and gents, this is,
it's not going the way that we were told it was going to go.
And I think that,
I think this war is not gonna be over in the next four weeks,
which is, again, you keep hearing all the media saying it.
You've seen a lot of things not being released
on the media as well.
I'm seeing stuff all the time through my feeds.
And you're just not seeing any of this
on the mainstream media.
There's a lot of serious things going on right now.
And there was a very tragic incident as well
of a tummerhawk hitting a school in Iran.
Absolutely tragic, tragic incident there
of what actually took place.
I mean, this is not good for anybody, ladies and gents.
But thank you for being a subscriber here.
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Take care, God bless, I'll see you on the next one.