Iran - Not a political thread: Reports of widespread protests including women taking off head coverings - Jan. 2, 2026+ , military action February 28

[Commonground]

September 11, 2026

Oil Market Has Reached an "Inflection Point": Energy Aspects​

Excerpt:

The return of China to crude buying and the accelerating inventory drawdowns are also pushing crude oil prices higher, apart from the headlines and U.S. and Iran rhetoric.

In the past two weeks alone, a total of 120 million barrels of oil were drawn down from inventories globally, Sen told Bloomberg.

All these factors are driving crude oil prices toward a “significant leg higher,” the market expert said on Wednesday, the day on which oil prices jumped above $100 per barrel for the first time since July.

Oil prices were on track early on Friday to end a trading week above the $100 a barrel mark for the first time since May.

Oil Market Has Reached an "Inflection Point": Energy Aspects<!-- --> | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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WSJ: Oil executives warn a global fuel crisis has arrived as Hormuz closure bites​

12 hours ago
Summary:

• Oil executives say a global fuel crisis has arrived, with commercial fuel stocks depleted for more than six months and strategic crude reserves largely tapped, according to the Wall Street Journal (gated).
• Chevron chief executive Mike Wirth said at an Austin energy conference that the mechanisms that had cushioned prices and supply have largely played out, leaving little buffer left in the system.
• Attacks last week knocked out a major Saudi crude pipeline that had bypassed the Strait of Hormuz, stranding roughly 2.5 million barrels a day from an already tight market.
• Diesel prices have hit record highs near $6.20 a gallon, while petrol has rebounded to around $4.30 a gallon after dipping below $4 earlier this summer.
• US crude prices have climbed around 19% over the past three weeks to trade near $101 a barrel as Middle East attacks intensify.
• Interior Secretary Doug Burgum maintains the disruption is temporary and has pointed to plans to boost Venezuelan output and US refining capacity, while rejecting speculation of a ban on US refined product exports.

American oil executives say the global fuel crisis they had warned about for months has now arrived, according to the Wall Street Journal. Commercial fuel stocks around the world have been depleting for more than six months, and strategic crude reserves cannot be tapped much further, the paper reported, as the prolonged closure of the Strait of Hormuz continues to squeeze supply.

WSJ: Oil executives warn a global fuel crisis has arrived as Hormuz closure bites

Oil executives, including Chevron chief Mike Wirth, say a global fuel crisis has arrived as the Strait of Hormuz closure drains fuel stocks and reserves…

investinglive.com

 

[Commonground]

Costco rations Kirkland motor oil, raises price to $57.99​

September 14, 2026
Costco has raised the price of its Kirkland Signature full-synthetic motor oil and begun limiting how much any one member can purchase, as a global lubricant shortage tied to the ongoing Middle East conflict pushes crude oil toward $100 a barrel.

continued: https://finance.yahoo.com/energy/articles/costco-rations-kirkland-motor-oil-133308837.html