May. 5 at 4:17 PM
Day 67
UAE says it was targeted by “missile & drone attacks originating from Iran” for the 2nd consecutive day - One drone attack set off a “large” fire at the Fujairah Oil Industry Zone & wounded 3 Indian nationals - the refinery exports more than 1.7Mbpd of crude oil & refined fuels, about 1.7% of daily world demand
Iran also attacked an empty crude oil tanker belonging to the Abu Dhabi state oil firm as it attempted to pass through the Strait of Hormuz
British military reported 2 cargo vessels on fire off the UAE
Israeli forces launch raids and artillery shelling in southern Lebanon. Since "ceasefire" took effect at noon on Oct 10, near daily Israeli attacks have killed at least 834 Palestinians & injured 2365. Since the war began, 72615 Palestinians have been killed & thousands more uncounted. At least 1726468 have been injured
Yesterday, US CENTCOM had claimed it sank at least 6 small Iranian boats in the Strait of Hormuz during Trump’s new “Operation Freedom”
Japan has taken delivery of its first stockpile of oil from Russia
President Trump: Iranian economy “has been crushed” & said "I hope it fails. Is that you know why? Because I want to win" adding "I also thought oil would go up to 200, 250, maybe 300, & I know it would be short term, but I thought it would go. I look today it’s like at 102 & that’s a very small price to pay for getting rid of a nuclear weapon from people that are really mentally deranged"
$XLE $VLO $CVX $XOM $LNG