ECON FUNG RED *.*Economic Implications Concerning The Closing of the Strait of Hormuz
- Thread starter doctor_fungcool
- Start date
Tom McDowell
BAMN
RT 21:44
President Trump Tells Tankers Show Some Guts! | Strait of Hormuz Update for March 9, 2026
What's Going on With Shipping?
Mar 9, 2026 What's Going on With Shipping - Maritime Industry Today
President Trump challenges commercial tankers to run the Strait of Hormuz.
What is the Maritime Administration telling ships about the region and where is the U.S. Navy?
We also provide an update on the situation in the Strait of Hormuz, recap past attacks, global shipping news and we learn why Sal is a "f'n" moron according to GenXGirl1994.
Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: mercoglianosal@gmail.com
00:00 Introduction
00:40 March 9 Strait of Hormuz/Persian Gulf Update
04:19 Why Are the Ships Not Running the Strait
07:50 Attack on Fujairah Terminal & Bunkering Crisis
09:31 News Recap 13:15 Where is the US Navy?
16:56 Is Sal a F'n Moron? Marine Traffic
===
.
President Trump Tells Tankers Show Some Guts! | Strait of Hormuz Update for March 9, 2026
What's Going on With Shipping?
Mar 9, 2026 What's Going on With Shipping - Maritime Industry Today
President Trump challenges commercial tankers to run the Strait of Hormuz.
What is the Maritime Administration telling ships about the region and where is the U.S. Navy?
We also provide an update on the situation in the Strait of Hormuz, recap past attacks, global shipping news and we learn why Sal is a "f'n" moron according to GenXGirl1994.
Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: mercoglianosal@gmail.com
00:00 Introduction
00:40 March 9 Strait of Hormuz/Persian Gulf Update
04:19 Why Are the Ships Not Running the Strait
07:50 Attack on Fujairah Terminal & Bunkering Crisis
09:31 News Recap 13:15 Where is the US Navy?
16:56 Is Sal a F'n Moron? Marine Traffic
===
.
bracketquant
Veteran Member
Is that considered a square meal in Appalachia?
King Samson
I'm Here
Oil plunges 10% as Trump warns to hit Iran ‘twenty times harder’ if it blockades Strait of Hormuz
Oil prices plunged 10% Tuesday after U.S. President Donald Trump warned that Tehran would be hit “twenty times harder” if it attempted to halt oil flows through the Strait of Hormuz, while also signaling that the conflict with Iran could end soon.International Brent crude was down nearly 11% at $88.36 per barrel at 9.25 p.m. ET Monday. U.S. crude oil fell over more than 10% to $85.17 per barrel. The declines come after oil surged past $100 on Monday.
“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far,” U.S. President Donald Trump said in a post on Truth Social Monday stateside.
Oil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz
The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.
www.cnbc.com
Cedar Lake
Connecticut Yankee
Trump said “If Iran does anything that stops the flow of Oil within the Strait of Hormuz,''Oil plunges 10% as Trump warns to hit Iran ‘twenty times harder’ if it blockades Strait of Hormuz
Oil prices plunged 10% Tuesday after U.S. President Donald Trump warned that Tehran would be hit “twenty times harder” if it attempted to halt oil flows through the Strait of Hormuz, while also signaling that the conflict with Iran could end soon.
International Brent crude was down nearly 11% at $88.36 per barrel at 9.25 p.m. ET Monday. U.S. crude oil fell over more than 10% to $85.17 per barrel. The declines come after oil surged past $100 on Monday.
“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far,” U.S. President Donald Trump said in a post on Truth Social Monday stateside.
Oil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz
The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.
Ummmm.......who's going to tell him it's been closed? At 20 BPD.
Southside
Has No Timebombs, Lives on Life
IT IS THE DEEP STATE AT WORK.
Trump has guaranteed Insurance & passage, and yet, nothing. Why? ALL LARGE CORPORATIONS. Deep State. They just won't bother. That's my guess.
#Thisiswhotheyare
Cedar Lake
Connecticut Yankee
Asia News
Despite claims from the Trump Admin that the Hormuz Strait “is open”, the energy crisis in Southeast Asia worsens.
Thousands of Laotians and Cambodians are crossing into neighbouring Vietnam to buy gasoline and diesel fuel because it's cheaper than in their own countries.
Vietnam imports a lot of its oil from Kuwait, which hasn’t been able to export oil in a week and has begun to cut oil production as the oil storages are full.
Vietnamese refineries have enough reserves of oil to refine gasoline and diesel until the end of April 2026, but rationing will come far sooner especially with an influx of customers from Laos and Cambodia on top of the Vietnamese citizenry.
Despite claims from the Trump Admin that the Hormuz Strait “is open”, the energy crisis in Southeast Asia worsens.
Thousands of Laotians and Cambodians are crossing into neighbouring Vietnam to buy gasoline and diesel fuel because it's cheaper than in their own countries.
Vietnam imports a lot of its oil from Kuwait, which hasn’t been able to export oil in a week and has begun to cut oil production as the oil storages are full.
Vietnamese refineries have enough reserves of oil to refine gasoline and diesel until the end of April 2026, but rationing will come far sooner especially with an influx of customers from Laos and Cambodia on top of the Vietnamese citizenry.
His guarantee is just words. He said that the ships need to grow some guts. There are no US naval ships in the Persian Gulf that can provide escort. The insurance doesnt provide much. A ship owner loses a ship they are out a couple hundred million for a new one and they lose all that income for the 2-4 years it takes to build a new ship. The insurance will cover the ship but not the lost revenue.
What he needs to do is actually provide some ships for escort and actually convince some ships to be escorted through. Show that it will work. Guarantee that the US will cover all costs for the ship. There are a few US flag vessels in there. Convoy them up with the escorts and get them through. Dont just talk but actually show the world that we can and are doing that. Then you will get those vessels moving.
King Samson
I'm Here
Wait... Oil is down to $83.... and the DOW is up +227
What the hell is going on, I thought the end of the world was coming??????
What the hell is going on, I thought the end of the world was coming??????
Cedar Lake
Connecticut Yankee
Urals oil price right now is $90.97 per barrel.
Real-time World oil, gas, metals and energy prices.
www.oilpriceapi.com
Real-time World oil, gas, metals and energy prices.
Urals Oil Price ▶ $117.46/bbl (Apr 2026) | LIVE
Urals oil price NOW: $117.46/barrel. Track Russian crude vs Brent spread. Live updates.
CaryC
Has No Life - Lives on TB
Soon, dude, soon.
Actually it ended at Midnight Jan 1, 2000. This is just the after effects.
Kind of like saying: Let's meet up for beer sometime.
King Samson
I'm Here
LOL... exactly what I was thinking the other day.
West
Senior
King Samson
I'm Here
So, another day, have we been nuked yet?
DOW closed down -34 at 47,706
Oil at $86
What happened? The talking heads said the DOW should drop multi thousands, below 45,000 and oil to $120 to $150.
Were the talking heads suffering from TDS..... again????
DOW closed down -34 at 47,706
Oil at $86
What happened? The talking heads said the DOW should drop multi thousands, below 45,000 and oil to $120 to $150.
Were the talking heads suffering from TDS..... again????
Cacheman
Has No Life - Lives on TB
Starrkopf
Veteran Member
*dons tinfoil hat* I believe that we are restructuring the global economy on purpose to implement the Agenda 2030 goals and the energy crisis and recent political moves like gaining control over venezuela's oil, the shield of the americas summit, the GENIUS act, and the Dimitriev memo presented at Davos this year are part of an orderly collapse/transition of the current economic system and a transition to CBDCs and stablecoins and a multipolar world order that looks very much the same in how it's administered to the average person on the ground on all sides. A lot of the long term goals are scheduled to come up just in time for the general election in 2028.
So if the IEA releases 400 million barrels and everything follows as it has in the past, the US is responsible for about 176 million barrels of that release. That is 42% of our current SPR which stands at 415 million barrels. None of this 400 million barrels is coming from China who has a reserve estimated as high as 1.5 billion barrels. This is a colossal stupid move by the administration.
Melodi
Disaster Cat
We simply can't judge this crisis based on the daily price of oil. That does play a role, but it is only a part of the situation. Other complications include the fertilizer used by much of the world to grow crops, which relies on this route for a staggering share of its distribution. India alone could have a mass famine in a few months if this continues, and that is just one place. If the US and Europe think immigration is a problem now, imagine what it would be in about nine months if the food literally is running out in Latin America, Africa, and Asia?
Starving people will simply get up and start walking. It has happened before in human history, and while a large number will die on the road (study 1840s Ireland), those who survive the trek will keep on walking until they find food or they perish.
Then there are many other chemicals and goods needed to sustain modern life: everything from pharmaceuticals to clothing.
Finally, there is the human greed that can cause problems much sooner than the crisis demands. In Ireland, truckers are already talking about "shutting down Dublin" with demonstrations, and people are flooding the media with reports due to sudden, dramatic rises in gasoline and heating fuel costs that are far beyond what the actual physical cost increases warrant.
If this war ends soon, yes, doomsday can once again be kicked down the road (thank goodness), but if this goes on much longer, the results could be dire, and the US won't be immune. It may take a bit longer for things to hit a true crisis point, but rest assured, they will.
Starving people will simply get up and start walking. It has happened before in human history, and while a large number will die on the road (study 1840s Ireland), those who survive the trek will keep on walking until they find food or they perish.
Then there are many other chemicals and goods needed to sustain modern life: everything from pharmaceuticals to clothing.
Finally, there is the human greed that can cause problems much sooner than the crisis demands. In Ireland, truckers are already talking about "shutting down Dublin" with demonstrations, and people are flooding the media with reports due to sudden, dramatic rises in gasoline and heating fuel costs that are far beyond what the actual physical cost increases warrant.
If this war ends soon, yes, doomsday can once again be kicked down the road (thank goodness), but if this goes on much longer, the results could be dire, and the US won't be immune. It may take a bit longer for things to hit a true crisis point, but rest assured, they will.
wait-n-see
Veteran Member
The USA does not have any choice in the matter.
I don't think China would ever agree to release anything to help the USA.
After all, we are attacking a member of BRICS and a key partner with China in the Belt and Road Initiative.
China is served better with a shorter war, and with defeat of the USA.
China, and Russia, is helped with chaos spreading sooner.
We have plenty of choice. We say no or we say we are only going to release a quarter of that amount. We say we will up production. We don’t use over 40% of our strategic reserves to make our fuel prices cheaper. It is very short sighted.
wait-n-see
Veteran Member
Sorry, I wasn't clear in my answer.
The USA does not have any choice in the matter of what China does or does not do.
Also, if the USA did not agree to the release of our own reserves, then the price of oil would not have fallen as much as it did. So, still in a way, the USA does not have any choice if it wanted to present a "false narrative" for the lowering of the price of oil.
All we bought was a little time holding off the oil punch coming down the road.
Henry Bowman
Veteran Member
Anybody notice the MSM is ALL repeating the same cliche?
Short term pain , Long term gain regarding the war and oil prices...its across the board , libtard and conservative.
Short term pain , Long term gain regarding the war and oil prices...its across the board , libtard and conservative.
wait-n-see
Veteran Member
A few hits so far. It will probably get worse before it gets better.
@@@
Goggle AI:
Yes, Kuwaiti oil and energy facilities have been targeted by Iranian drone and missile attacks, resulting in damage, injuries, and production cuts in early March 2026. Key incidents include debris hitting the Al-Ahmadi refinery, attacks on tankers near the coast, and strikes on fuel storage tanks at Kuwait International Airport.
Key Details on Attacks:
- Al-Ahmadi Refinery: In early March 2026, debris from intercepted Iranian attacks fell on the Al-Ahmadi refinery, causing injuries to workers, though the company reported that operations were not heavily disrupted.
- Tanker Incidents: Iranian drones and missiles have targeted oil tankers near Kuwaiti waters, including a reported explosion on a vessel anchored off the coast.
- Fuel Infrastructure: On March 8, 2026, Iranian drones struck fuel storage tanks operated by the Kuwait Aviation Fuelling Company (Kafco) at Kuwait International Airport, causing a fire.
- Production Impact: Following the attacks and amidst regional insecurity, Kuwait reduced oil production
Oil Soars As 2 Oil Tankers Explode In Persian Gulf, Iraq's Oil Ports Stop Operations
Oil Soars As 2 Oil Tankers Explode In Persian Gulf, Iraq's Oil Ports Stop Operations <!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Oil prices surge as two oil tankers are attacked and explode in Iraqi waters, forcing Iraq to stop operations at its oil ports and sending oil toward $100/bbl.
Two foreign tankers carrying Iraqi fuel oil have been subjected to unidentified attacks within Iraqi territorial waters, causing both vessels to catch fire, according to security sources cited by Baghdad Today and according to the State Organization for Marketing of Oil (SOMO). The tankers are
- Tanker SAFESEA VISHNU, flying flag of Marshall Islands and chartered by one of Iraqi companies contracted with SOMO
- Tanker ZEFYROS, flying flag of Malta and carrying condensate produced by Basra Gas Co.
It turns out that perhaps the area is not as "safe" as President Trump said it was. And as a reminder, the US Navy already said it was 'too dangerous' to escort tankers through still.
As a result of the tanker explosions, Iraq stopped operations at its oil ports. Iraq was one of the first Persian Gulf majors to start reducing oil production after the near-closure of Hormuz, followed by Kuwait and Saudi Arabia. The cuts forced forced the International Energy Agency to act with a co-ordinated release of 400 million barrels — a historic drawdown that is significantly higher than the volume that followed Russia’s invasion of Ukraine in 2022.
Oil prices are surging higher on the news with WTI back above $91 - now up on the week and 20% higher than yesterday's lows...
Charts and links at the ZH link above...
Even more tanker attacks this morning (many charts at the link):
www.zerohedge.com
Brent crude futures in Asian trading jumped above $101/bbl overnight, despite news of a planned record emergency SPR release by the International Energy Agency's 32 member countries, in an effort aimed at capping triple-digit oil prices.
Today's focus is on reports that IRGC forces struck two foreign oil tankers in the Gulf area, bringing the total to six vessels hit over the past 24 hours. Iranian kamikaze drones also struck an energy export hub in Oman, while IRGC naval mine threats in the Strait of Hormuz soared by midweek.
The Wall Street Journal reported that two oil tankers were struck in Iraqi waters. The U.K. maritime security agency UKMTO also said a containership was hit off the coast of Dubai, adding to earlier reports that three cargo vessels were struck around the Strait of Hormuz area. Also worth recalling is the dramatic video from yesterday showing an IRGC drone slamming into a critical tank farm in Oman.
Much more at the link...
Large US Refueling Aircraft Down In Western Iraq In First Of Iran War<!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Sixth Ship Struck: Oil Tops $100 As Tanker Attacks Escalate Hours After Trump's "We Won"
Summary
- Shipping turmoil escalates as multiple vessels (at least six) struck overnight
- Brent crude oil prices top $100 amid "the largest supply disruption in the history of the global oil market," the IEA reports.
- Energy Secretary Chris Wright says the US Navy is not yet ready to escort tankers through the Strait of Hormuz, as military assets remain focused on degrading Iran’s offensive capabilities.
- Dubai suffers significant drone attacks
- Northern Israel hammered by Hezbollah, "largest wave" of missiles since war began
- IDF says it struck key Iranian nuclear development site
- US Intel assesses Iranian regime remains intact
- Oman port operations halted
- Trump proclaims "we won"
Brent crude futures in Asian trading jumped above $101/bbl overnight, despite news of a planned record emergency SPR release by the International Energy Agency's 32 member countries, in an effort aimed at capping triple-digit oil prices.
Today's focus is on reports that IRGC forces struck two foreign oil tankers in the Gulf area, bringing the total to six vessels hit over the past 24 hours. Iranian kamikaze drones also struck an energy export hub in Oman, while IRGC naval mine threats in the Strait of Hormuz soared by midweek.
The Wall Street Journal reported that two oil tankers were struck in Iraqi waters. The U.K. maritime security agency UKMTO also said a containership was hit off the coast of Dubai, adding to earlier reports that three cargo vessels were struck around the Strait of Hormuz area. Also worth recalling is the dramatic video from yesterday showing an IRGC drone slamming into a critical tank farm in Oman.
The market reaction to the overnight hostilities, as Operation Epic Fury rages on this week and IRGC forces lob missiles and bombs at Gulf states, was a surge in Brent crude futures to the $101 handle.
Goldman's Rich Privorotsky on the overnight energy market moves:
Goldman expects longer disruptions on the Hormuz chokepoint
Much more at the link...
Plain Jane
Just Plain Jane
Current market about 10:15 AM EASTERN
www.cnbc.com
US Markets
Up to date market data and stock market news is available online. View US market headlines and market charts. Get the latest economy news, markets in our Market Overview.
www.cnbc.com
| SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
| US 10-YR | 4.234 | +0.028 | +0.666 |
| EUR/USD | 1.153 | -0.004 | -0.346 |
| *GOLD | 5,169.7 | -9.4 | -0.18 |
| *OIL | 94.29 | +7.04 | +8.07 |
| NASDAQ | 22,453.013 | -263.122 | -1.16 |
| S&P 500 | 6,718.06 | -57.74 | -0.85 |
| DJIA | 46,965.52 | -451.75 | -0.95 |
| VIX | 25.84 | +1.61 | +6.64 |
Stock Indexes
| SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
| *NYSE | 22,229.82 | -257.8 | -1.15 |
| UTIL | 1,172.07 | +13.07 | +1.13 |
| *RUSS 2K | 2,497.792 | -45.103 | -1.77 |
| TRAN | 18,060.81 | -194.94 | -1.07 |
| NASD 100 | 24,702.315 | -262.691 | -1.05 |
Commodities
| SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
| *SOYBEAN | 1,230.25 | +16.25 | +1.34 |
| *WHEAT | 610.25 | +15.5 | +2.61 |
| *SILVER | 86.465 | +0.93 | +1.09 |
| *CORN | 466.75 | +6.5 | +1.41 |
| *NAT GAS | 3.208 | -0.001 | -0.03 |
| *RBOB GAS | 2.905 | +0.117 | +4.19 |
| *ULSD HO | 3.933 | +0.254 | +6.9 |
| *COPPER | 5.86 | -0.032 | -0.54 |
Treasurys
| SYMBOL | YIELD | CHANGE |
|---|---|---|
| US 1-MO | 3.697 | -0.003 |
| US 3-MO | 3.688 | -0.001 |
| US 6-MO | 3.654 | +0.005 |
| US 1-YR | 3.608 | +0.019 |
| US 2-YR | 3.676 | +0.04 |
| US 10-YR | 4.234 | +0.028 |
| US 30-YR | 4.876 | +0.02 |
Currencies
Hfcomms
EN66iq
Disfunction is the word for 2026 from the highest levels of government on down. The panic on the part of policy makers is becoming tangible. There is no fixing what is coming and the ability to pull the wool over the eyes of the public is waning. Even the most diehard of the ‘rah-rahs’ is going to have to confront some unpleasant realities going into summer and fall.
Got preps?
Got preps?
Henry Bowman
Veteran Member
But...but...we were told it is mostly over, how can this be?Even more tanker attacks this morning (many charts at the link):
Large US Refueling Aircraft Down In Western Iraq In First Of Iran War<!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Sixth Ship Struck: Oil Tops $100 As Tanker Attacks Escalate Hours After Trump's "We Won"
Summary
- Shipping turmoil escalates as multiple vessels (at least six) struck overnight
- Brent crude oil prices top $100 amid "the largest supply disruption in the history of the global oil market," the IEA reports.
- Energy Secretary Chris Wright says the US Navy is not yet ready to escort tankers through the Strait of Hormuz, as military assets remain focused on degrading Iran’s offensive capabilities.
- Dubai suffers significant drone attacks
- Northern Israel hammered by Hezbollah, "largest wave" of missiles since war began
- IDF says it struck key Iranian nuclear development site
- US Intel assesses Iranian regime remains intact
- Oman port operations halted
- Trump proclaims "we won"
Brent crude futures in Asian trading jumped above $101/bbl overnight, despite news of a planned record emergency SPR release by the International Energy Agency's 32 member countries, in an effort aimed at capping triple-digit oil prices.
Today's focus is on reports that IRGC forces struck two foreign oil tankers in the Gulf area, bringing the total to six vessels hit over the past 24 hours. Iranian kamikaze drones also struck an energy export hub in Oman, while IRGC naval mine threats in the Strait of Hormuz soared by midweek.
The Wall Street Journal reported that two oil tankers were struck in Iraqi waters. The U.K. maritime security agency UKMTO also said a containership was hit off the coast of Dubai, adding to earlier reports that three cargo vessels were struck around the Strait of Hormuz area. Also worth recalling is the dramatic video from yesterday showing an IRGC drone slamming into a critical tank farm in Oman.
The market reaction to the overnight hostilities, as Operation Epic Fury rages on this week and IRGC forces lob missiles and bombs at Gulf states, was a surge in Brent crude futures to the $101 handle.
Goldman's Rich Privorotsky on the overnight energy market moves:
Goldman expects longer disruptions on the Hormuz chokepoint
Much more at the link...
Sometimes it's better to be silent and thought a fool than open your mouth and remove all doubt.
Henry Bowman
Veteran Member
Just got a heating oil delivery, $4.43 a gal.
desert_fox
Threadkiller
Agriculture, Fertilizers, Chemicals, Grains, Oilseeds
March 12, 2026
Brazilian soybean farmers are feeling the effects of rising diesel prices driven by the war in the Middle East and rising global oil prices, amid the ongoing harvest, multiple Brazilian farmers said. Besides soybeans, farmers are also concerned that the planting of the second corn crop, which is currently underway, will be impacted.
Brazil imports about 30% of its diesel requirements, and domestic diesel prices are rising due to international energy price increases, industry analysts said.
Higher diesel prices are likely to impact domestic grain transport and the cost of agricultural inputs, a Brazil-based soybean trader said, adding that these could gradually lead to higher production prices.
"Diesel fuel occupies a central position in the cost structure of agricultural activity, but also in several production chains essential to the population's subsistence. It fuels agricultural equipment, enables the transport of inputs and ensures that production reaches consumption centers and ports," Aprosoja, Brazilian Association of Soybean Growers, said in a statement on March 11.
The ongoing Middle East conflict has raised fears of higher energy costs globally, with crude futures rallying at the open on March 8, disrupting energy infrastructure in the region.
Diesel prices in Brazil's central-western and southern regions have already increased by about Real 1/liter, with some cases reaching up to Reals 1.50/liter, market participants based in Brazil said.
Soybean harvest underway
Brazilian farmers are currently harvesting soybeans nationwide. In marketing year 2025-26 (January-December), Brazil is expected to harvest a record 178 million metric tons of soybeans, up 3.8% year over year, Brazil's agricultural agency Conab data showed Feb. 12.
"The [input] costs may be less overall. But the sudden jump in diesel prices may likely push up costs suddenly," a farmer based in Mato Grosso said.
Soybean harvest in MY 2025-26 reached 50.6% of the estimated area as of March 7, according to Conab data. The harvest is lagging year over year, as farmers harvested 60.9% of the area in the corresponding period last year.
According to Brazilian farmers, the rise in diesel prices has weighed on their ability to perform harvest operations, and soybean farmers are also facing transportation issues.
"Currently, farmers are also transporting soybeans to the market and are facing issues as some fuel suppliers have limited sales," a farmer based in Parana said.
For MY 2025-26, Conab projects Brazil's soybean exports at 112.2 million mt, up 3.7% year over year.
Platts, part of S&P Global Energy, assessed SOYBEX FOB Santos at $437.64/mt on March 11, up $4.50/mt day over day. Platts assessed SOYBEX FOB Paranagua at $435.07/mt on March 11, up $4.51/mt day over day.
Brazilian corn farmers are facing challenges as the second corn planting is underway while they are also harvesting the summer corn crop, local farmers said.
The second corn crop accounts for the majority of the country's corn production.
"The planting of the winter crop is underway. The rise in diesel prices is likely to impact some planting activities across the nation," a farmer based in Mato Grosso said.
Brazil's second corn planting for MY 2025-26 (March-February) reached 75.9% of the total nationwide area as of March 7, down from 83.1% in MY 2024-25, Conab reported. The first corn harvest for MY 2025-26 reached 29.5% of the expected area as of March 7, down from 34.5% at the same time last season.
Conab expects Brazil to harvest 138.4 million mt of corn in MY 2025-26, down 1.9% year over year. For the first corn crop, output is seen at 26.7 million mt, up 7.1% year over year, and the second crop production is estimated at 109.3 million mt, down 3.5% year over year, Conab data showed.
Besides rising diesel prices, farmers are also concerned about higher fertilizer prices globally.
"The winter [corn] crop planting is underway. A rise in fertilizer prices now will also impact overall input costs," a farmer based in Mato Grosso do Sul said.
In 2026, Brazil is expected to import 2.99 million mt of urea, down 0.5% year over year, S&P Global Energy CERA data showed. CERA has forecast Brazil to import 6.36 million mt of nitrogen-based fertilizers, down 2.6% year over year.
For MY 2025-26, Conab projects Brazil's corn exports at 46.5 million mt, up 11.7% year over year.
Platts assessed Brazil corn FOB Santos at $224.59/mt on March 10, up $3.84/mt day over day.
March 12, 2026
Rising diesel prices, Middle East war hit Brazil soybean, corn farmers
By Sampad Nandy and Sayona anna JohnBrazilian soybean farmers are feeling the effects of rising diesel prices driven by the war in the Middle East and rising global oil prices, amid the ongoing harvest, multiple Brazilian farmers said. Besides soybeans, farmers are also concerned that the planting of the second corn crop, which is currently underway, will be impacted.
Brazil imports about 30% of its diesel requirements, and domestic diesel prices are rising due to international energy price increases, industry analysts said.
Higher diesel prices are likely to impact domestic grain transport and the cost of agricultural inputs, a Brazil-based soybean trader said, adding that these could gradually lead to higher production prices.
"Diesel fuel occupies a central position in the cost structure of agricultural activity, but also in several production chains essential to the population's subsistence. It fuels agricultural equipment, enables the transport of inputs and ensures that production reaches consumption centers and ports," Aprosoja, Brazilian Association of Soybean Growers, said in a statement on March 11.
The ongoing Middle East conflict has raised fears of higher energy costs globally, with crude futures rallying at the open on March 8, disrupting energy infrastructure in the region.
Diesel prices in Brazil's central-western and southern regions have already increased by about Real 1/liter, with some cases reaching up to Reals 1.50/liter, market participants based in Brazil said.
Soybean harvest underway
Brazilian farmers are currently harvesting soybeans nationwide. In marketing year 2025-26 (January-December), Brazil is expected to harvest a record 178 million metric tons of soybeans, up 3.8% year over year, Brazil's agricultural agency Conab data showed Feb. 12.
"The [input] costs may be less overall. But the sudden jump in diesel prices may likely push up costs suddenly," a farmer based in Mato Grosso said.
Soybean harvest in MY 2025-26 reached 50.6% of the estimated area as of March 7, according to Conab data. The harvest is lagging year over year, as farmers harvested 60.9% of the area in the corresponding period last year.
According to Brazilian farmers, the rise in diesel prices has weighed on their ability to perform harvest operations, and soybean farmers are also facing transportation issues.
"Currently, farmers are also transporting soybeans to the market and are facing issues as some fuel suppliers have limited sales," a farmer based in Parana said.
For MY 2025-26, Conab projects Brazil's soybean exports at 112.2 million mt, up 3.7% year over year.
Platts, part of S&P Global Energy, assessed SOYBEX FOB Santos at $437.64/mt on March 11, up $4.50/mt day over day. Platts assessed SOYBEX FOB Paranagua at $435.07/mt on March 11, up $4.51/mt day over day.
Corn planting under concern
Brazilian corn farmers are facing challenges as the second corn planting is underway while they are also harvesting the summer corn crop, local farmers said.
The second corn crop accounts for the majority of the country's corn production.
"The planting of the winter crop is underway. The rise in diesel prices is likely to impact some planting activities across the nation," a farmer based in Mato Grosso said.
Brazil's second corn planting for MY 2025-26 (March-February) reached 75.9% of the total nationwide area as of March 7, down from 83.1% in MY 2024-25, Conab reported. The first corn harvest for MY 2025-26 reached 29.5% of the expected area as of March 7, down from 34.5% at the same time last season.
Conab expects Brazil to harvest 138.4 million mt of corn in MY 2025-26, down 1.9% year over year. For the first corn crop, output is seen at 26.7 million mt, up 7.1% year over year, and the second crop production is estimated at 109.3 million mt, down 3.5% year over year, Conab data showed.
Besides rising diesel prices, farmers are also concerned about higher fertilizer prices globally.
"The winter [corn] crop planting is underway. A rise in fertilizer prices now will also impact overall input costs," a farmer based in Mato Grosso do Sul said.
In 2026, Brazil is expected to import 2.99 million mt of urea, down 0.5% year over year, S&P Global Energy CERA data showed. CERA has forecast Brazil to import 6.36 million mt of nitrogen-based fertilizers, down 2.6% year over year.
For MY 2025-26, Conab projects Brazil's corn exports at 46.5 million mt, up 11.7% year over year.
Platts assessed Brazil corn FOB Santos at $224.59/mt on March 10, up $3.84/mt day over day.
"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf
"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf<!-- --> | ZeroHedge
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There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the blockaded straits of hormuz, or to leave it.
By contrast, the global LNG fleet is a tiny fraction, and now most of it is stuck inside the Persian Gulf.
According to the WSJ, at least 20 LNG carriers about half the available global fleet – are trapped in the Persian Gulf, with daily freight costs soaring as demand from Asia surges, according to ship brokers. Bloomberg lists the known LNG tankers which are currently transmitting their positions as follows:
- Al Rayyan
- Al Kharaitiyat
- Umm Al Amad
- Lebrethah
- Gaslog Skagen
- Sohar Lng
- Disha
- Al Daayen
- Mubaraz
- Al Sahla
- Rasheeda
- Patris
- Seapeak Bahrain
- Fuwairit
- Mihzem
- Mraikh
- Al Ghashamiya
“The situation is dire and will have a lasting impact on the market, regardless of how quickly the conflict ends,” Kostas Karathanos, the chief operating officer of Athens-based Gaslog, which operates 34 gas carriers, told The Wall Street Journal.
Some 20% of global LNG exports come from Gulf countries. At the moment, however, only a handful of ships can get through the Strait of Hormuz, and production facilities like those operated by QatarEnergy have been attacked and have stopped production.
Ship brokers said the 20 ships trapped in the Persian Gulf make up nearly half of all LNG ships currently available for charter, with daily rates rising to more than $200,000 from less than $98,000 before the start of the Iran hostilities.
Energy traders expect LNG prices to rise by early next week, adding to this week’s 40% rise in Asia and Europe. “The effect on LNG shipping will outlast the conflict for a few months,” Karathanos said.
Amid the scramble to procure LNG, more shipments bound for Europe are diverting to Asia. At least nine cargoes initially headed to Europe have changed course to Asia since the start of the fighting, according to ship-tracking data compiled by Bloomberg, with the trend accelerating in recent days. A buffer of spare supply is quickly drying up, threatening more competition and higher prices for both regions.
Adding to the turmoil, LNG suppliers, including Shell Plc, are declaring force majeure for customers across Asia due to halted flows from the Middle East, according to people with knowledge of the matter. This illustrates a growing ripple effect throughout the global gas market.
With virtually no available tankers to transport cargoes, Asian buyers of LNG are preparing for the war in the Middle East to disrupt deliveries for months, Bloomberg reports.
Companies in Thailand are looking to buy LNG cargoes for delivery through May, according to traders with knowledge of the matter. Bangladesh bought shipments for April, and is considering procuring fuel for May onward as well, the traders said. Major buyers in Taiwan and South Korea are also preparing to purchase more supply for those two months.
The moves demonstrate that Asia’s importers aren’t relying on a swift resolution to the US-Israeli war against Iran, and that the outage in Qatar, which supplies 20% of the world’s LNG. is expected to be prolonged. The longer the plant is shuttered, the worse the supply shock as there’s no alternative route to export the fuel, nor spare capacity elsewhere to cover the lost output.
Companies need to make contingency plans to prepare for a 2 to 4 months disruption, Dai Jiaquan, chief economist at CNPC Economics and Technology Research Institute, said at a BloombergNEF Summit in Beijing on Thursday.
Qatar shut the Ras Laffan export facility last week after an Iranian drone strike, upending the market and sending the price of gas in Europe and Asia soaring. A number of companies, including Shell Plc, have declared force majeure on their shipments of Qatari LNG to customers in Asia.
At least nine LNG shipments bound for Europe have rerouted to Asia since the fighting began, according to ship-tracking data compiled by Bloomberg, after Asian buyers offered higher rates than their rivals in Europe.
Meanwhile, Taiwan - which desperately needs LNG for conversion into helium, a critical component to to make Taiwan Semi's chips - has started securing alternative LNG for May, cabinet spokesperson Michelle Lee said at a briefing in Taipei on Thursday. The island has fully secured supply for March and April, Lee added.
India, which sources about half its LNG from Qatar, has been scrambling to procure alternative shipments for immediate delivery, traders said. Gail India Ltd. was able to book an LNG cargo for March on Tuesday after a few failed attempts, while others are still looking, they said.
Hfcomms
EN66iq
That might be cheap six months from now. Gas up .45 cents this week alone. The inflation that is coming is going to take our breath away.
Henry Bowman
Veteran Member
I agree. These are the good old days.
Greatgrandad
Veteran Member
Well heck, two weeks ago, gas was $2.89 here, but yesterday, it was $3.59 with diesel at $4.29. Local store clerk was talking they may reprice it shortly to $3.89 and $4.59.