MacroVoices #554 Dr. Anas Alhajji + Louis-Vincent Gave: Developing Crises in Middle-East and France

Refinery destruction in the Gulf, Russia and Ukraine is creating a structural global diesel/crack-spread crisis that China now effectively controls via export quotas.

• Three seas crisis: Attacks across the Gulf, Red Sea and Black Sea have permanently reshaped energy, fertilizer and agricultural trade; Saudi pipeline capacity is being expanded from 5.5 to 10 million bpd, routed via Oman to bypass Hormuz.
• Diesel crisis is structural: U.S. Energy Secretary Chris Wright said only 25-35% of pre-crisis refined product flows (vs. 80-90% of crude) are moving through Hormuz; Germany is reopening closed refineries.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.