🇹🇭🇰🇷🇹🇼🇻🇳🇵🇭🇯🇵🇮🇳 Government efforts through out South, Southeast and East Asia to mitigate rising fuel prices as a result of the 3rd Gulf War.

@CIG_telegram

🇺🇸⚔️🇮🇷 Hegseth confirms the Pentagon is seeking about $200 billion for the Iran War: "It takes money to kill bad guys."

🔗 Disclose.tv (@disclosetv)

🇺🇸🙏🇪🇺 Treasury Sec. Scott Bessent says a “global coalition” could be formed to escort ships through the Strait of Hormuz.

“It would be VERY disappointing for those who benefit the most [Europe] not to do something!”

📝: The world's "greatest" naval power is now begging European navies to help it repair what the U.S. destroyed through its careless actions.

🔗 Open Source Intel (@Osint613)

🇶🇦🇮🇷⚡️ — BREAKING: Iran’s attack has knocked out about 17% of Qatar’s LNG capacity, damaging two of 14 LNG trains and one GTL facility, which will sideline roughly 12.8 million tons per year for 3–5 years while it's being repaired, QatarEnergy's CEO told Reuters.

➡️ The disruption could lead to around $20 billion in annual revenue losses and threatens energy supplies to Europe and Asia.

🇺🇸⚔️🇮🇷 Rheinmetall CEO, Armin Papperger, confirms that all stockpiles in Europe, the Mideast, and US are basically empty. Cannibalization of INDOPACOM Arsenal, which began a little bit last week, will begin in earnest.

It will take years, if ever, to recover. Moscow and Beijing know this.

Papperger is talking about air defense munitions specifically, mentioning that his company is receiving orders from the Middle East and the U.S. on top of Europe to produce drone interceptors and interceptors for missiles.

Reminder that Rheinmetall has a six year order backlog of orders and their share price has increased 1,700% since the start of the war in Ukraine.

@CIG_telegram

🇪🇺 Europe Boosts Coal-Fired Power as Gas Prices Rally on Iran War

German coal plants have increased their share of generation by about 2% so far this month compared with February, even as sunnier and windier conditions boost renewables, according to Entso-E data. At the same time, gas-fired power output in Europe’s biggest market has dropped by more than a third.

If the shift gains further momentum, implications will stretch well beyond power markets. It underscores the fragility of Europe’s energy strategy, which relies heavily on gas as a bridge between coal and renewables. It also raises the prospect that governments may prioritize affordability and energy security over emissions cuts.

“We estimate it is still about 30% more expensive for a power plant to burn gas than coal to produce electricity in Europe,” Myles Allsop, an analyst at UBS Group AG, wrote in a note. “We see potential for the EU to restart dormant coal power plants if the energy crisis worsens.”

Still, any broader switch from gas to coal may be limited as spring progresses and warmer weather leads to lower demand. Germany’s power load has fallen about 10% so far in March from February and is slightly lower than a year ago, according to Entso-E.

🔗 https://archive.ph/JwDoa

🇮🇱📈 War is bringing huge profits to Israel

Israeli defense companies, most of whom are partly owned by the Israeli government such as Elbit Systems Ltd, Rafael Advanced Defense Systems and Israel Aerospace Industries (IAI), have an $80 billion worth backlog of orders.

This is more than what Israel spends on healthcare or its interest payments.

The latest to publish its financial report showing an increase in the order backlog is Elbit Systems Ltd., the most valuable Israeli company traded on the TASE and Wall Street. Elbit ended 2025 with an order backlog at a record level of $28.1 billion, up $2.9 billion in the fourth quarter alone and $5.5 billion from 2024.

By geographic region, Israel accounted for 32.2% of sales in 2025, with over $2.5 billion, a growth of 28.6%. Europe, where sales grew by 17.5% to $2.1 billion, accounted for 27% of sales, and North America with a share of 20.9% and an annual growth of 9.1%.

Elbit Systems is by no means the only Israeli company benefiting from the big demand for defense products. Others have already published their financial reports, including IAI, which had an orders backlog of $29 billion at the end of 2025, compared with $25 billion at the end of 2024.

Next Vision had an orders backlog of $218 million at the end of 2025, which had already climbed to $288 million last week. Rafael, will report its latest figures in the coming few days, but several months ago its orders backlog was $22 billion.

At Rafael, which, unlike IAI and Elbit, that are more focused overseas, the orders backlog is split roughly 50-50 between Israel and abroad.

The backlog of orders of Israeli defense companies will translate into sales in the coming years and provides prosperous prospects for the companies and their investors.

At a conference held by Elbit at the Tel Aviv Stock Exchange, CFO Dr. Kobi Kagan said, "The results are very strong. We have crossed the $500 million mark in free cash flow, and for the first time we reported quarterly revenue of over $2 billion, a record quarter."

🔗 https://www.jpost.com/defense-and-tech/article-890501

🇯🇵🌾🚜 Japan’s Farms and Buses Struggle to Find Fuel Due to War Disruption

Japan’s cities and villages are starting to experience fuel shortages affecting everything from public transport to farming, as disruptions from the Iran war seep deeper into daily life.

The import-dependent nation relies on the Middle East for nearly all of its oil, and has been hit particularly hard by the de facto closure of the Strait of Hormuz. Major refiner Idemitsu Kosan Co. this week started cutting supply to customers, and the nation’s gasoline prices surged 18% in the past week to the highest level in records dating back 36 years.

Some farmers have reported struggles to secure diesel for tractors and other equipment ahead of planting season, which typically starts in April, with distributors limiting sales and hunting for alternative supplies.

“My biggest concern is not being able to supply the diesel” that farmers need, said Masato Sannohmaru, fuel station manager at an agricultural cooperative in Ohgata, a village in the northern Akita Prefecture. Multiple suppliers have said they have no inventory to deliver, he added.

Transportation authorities in major cities like Tokyo and Kyoto are also having trouble procuring fuel. The Kyoto City transportation bureau earlier this week failed to award a tender for bus fuel for April-May, according to a city official. Tokyo’s Metropolitan Government reported a similar failure for an April-June tender.

City officials said fuel suppliers have been reluctant to participate in tenders because the estimated price set by authorities before the start of the war is now far lower than market prices.

🔗 https://archive.ph/M8YWK

🇬🇧🛢 Britain will have to start rationing fuel soon if the Hormuz Strait is not reopened

The country will run out of oil and natural gas in the next two months if hostilities continue.

@CIG_telegram

🇺🇸🛢 US oil reserves are set to decline ~41% to their lowest since the 1980s.

This will drop US oil reserves to just ~34% of total capacity, leaving little room for further releases.

If the Iran War drags on, the gap between WTI Crude, Brent, and Asian oil prices will narrow.

🔗 Kobeissi Letter