Tag Archives: straights of hormuz

My Al Jazeera. Diesel deal: Trump’s chasing votes, but he’s also, again, offering Putin many other bribes to end the war. (see text below video).

[Correction: I misspoke. Russia formerly exported about 800,000, not 800 “million” barrels of diesel per day to Europe, before sanctions cut that off. I also added the NYT quote below before widely sending this post out.] As I post this, I am thinking this is not ONLY about US elections. Why? Trump et al have been claiming for a couple weeks that Russia wants to talk – though there is no public evidence. And Trump’s team are engaged in other, similar maneuvers:

  1. Offering Moscow to reopen the Nord Stream pipelines under ownership of a US firm. This is an old idea Trump et al had dropped by ca. April 2025, when it became obvious that enticing Putin with big deals and investments was not going to sway him to end his war in Ukraine. (This move has the German AfD excited, but they’re not significant players here.)
  2. Trump’s negotiators have also offered Moscow a that some western firm(s) could purchase Russia’s sanctioned Lukoil oil-and-gas infrastructure located mainly in Europe, which can no longer be used by Lukoil due to US sanctions,
  3. Plus, there is this unrealistic diesel deal, which Trump clearly hopes will make US voters think he is getting fuel prices down before November elections. I say “unrealistic” because, if Russia actually had significant extra diesel to sell, it would not have banned exports of diesel for many months while its refineries burn due to Ukrainian drone hits.
  4. And now (10Oct26 addition), there were earlier attempts, in September, also to bribe Putin to end the war. Here is the NY Times on what happened in NYC on the sidelines of the General Assembly opening:

“…, when the Trump administration opened the latest diplomatic track on the sidelines of the U.N. General Assembly in late September, Ukrainian officials were startled by how far Mr. Kushner and Mr. Witkoff went in their offerings to Russia.
According to officials familiar with the discussions, who spoke on condition of anonymity to discuss confidential diplomatic talks, the Americans put three lucrative economic incentives on the table to coax Moscow into a limited cease-fire, either on energy infrastructure or at sea.

“Washington floated releasing billions of Russian sovereign assets immobilized in the West. The money, the officials said, was viewed as an upfront incentive for partial truces, not a reward for their enactment. This revived a proposal from last year to release funds to Russia. Then, the suggestion was to release up to $100 billion.

“The Americans also revisited a plan to sell off parts of the Russian oil giant Lukoil in a multibillion-dollar deal that would go to a group of Middle Eastern investors, including some with business ties to U.S. negotiators.

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My Al Jazeera: EU’s release of 100M bbl of diesel stocks will help to lower prices as Hormuz flow rises & to offset Russian & Chinese export stops

This is a brief live-on-air commentary just after the G7 announced that it would release 100M barrels of diesel fuel to supply markets that are tight due to the Hormuz crisis. This will go a long way to keep inflation in the US, Europe and Asian allies down, protecting consumers and economies.

While Hormuz is already, as I said, transiting as much CRUDE OIL as before the Iranian regime closed it – i.e., Tehran has lost control of the Straight to the US military, which is successfully escorting ships out even in daylight now.

Meanwhile, the amount of REFINED OIL products flowing out has not yet gotten up to pre-war levels, and so we see the present refined-fuel-market shortages and high prices.

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TRT Roundtable: With Hormuz, the US will control half of China’s oil flow, secure Asian allies’ imports. Washington is taking Xi’s “by 2027” threat seriously.

My comments on the show.
Full show

Mar 12, 2026. Is the Iran war about the US containing China? For my part, I explained how control of Hormuz would give the US two key levers:

  1. The USA will control half of China’s oil imports, 5.4 million barrels per day (mbd), which flow through Hormuz.
  2. The USA will insure that during any Pacific war China might start that Iran, acting in solidarity with China, could not block oil flows to US Asian allies such as Japan, S. Korea, Australia, Philippines, or flows to others whose supplies it would also want to guarantee, such as Viet Nam, Indonesia, Malaysia, Singapore, etc..
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“12-Day War”: Why no energy crisis? Iran regime was cornered. Seeing USA’s limited aims, it dared not escalate, gave up. | My Al Jazeera comments

The ceasefire Trump brokered will hopefully end this “12-Day War.” I want to discuss here why this war did not trigger a global energy crisis. [Here’s what I said about this to Al Jazeera last week, in the last five paragraphs. A PDF is also embedded below. I’ll also post a TRT-London show on Iran’s nuclear strategy, recorded Tuesday, soon.]

To assess the risk to energy supplies, understanding the aims of the combatants is key. Throughout this war, it was the USA-Israel side setting the agenda, and there were two strategic aims they could pursue. One was to “only” destroy Iran’s nuclear program and its existing conventional regional power-projection capacities. The second was to go beyond this to undermine the viability of the Islamic Republic, up to forcing a regime change. Why do I say this?

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My Al Watan(Cairo): Iran would seek global energy crisis if an Israeli/USA strike threatened regime survival | IEA warns on EU winter gas

ENGLISH Interview | Al Watan, Cairo.  Thurs 10Oct24. 15 minutes
ARABIC Interview

At first, we focused on IEA warnings of a possible EU winder gas shortage due to supply-and-demand mismatches. I agree and expand on the IEA points.

Second, I explained that if Israel retaliates against Iran so strongly that it threatens the regimes survival, or is seen as intending to provoke regime change, then the Iranian leadership will have “nothing to lose” by in-turn escalating to the maximum. Aside from unleashing the maximum response of its proxies surrounding Israel, Tehran’s most potent weapon would be to spark a global oil and gas crisis.

Consider oil: Iran can either shut down the Straights of Hormuz (or simply make them unsafe for tankers) and/or, it can use missiles and drones to destroy significant parts of Saudi, UAE and other Gulf oil facilities, including perhaps even Azerbaijan’s as some Iranian propagandists have threatened.

Consider natural gas: Shutting the Straights or directly hitting Qatar’s massive LNG exports infrastructure would immediately stop Qatari LNG exports. As the world’s second largest LNG exporter, this would immediately cause a separate global natural gas crisis.

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