At least 25 million barrels of oil were transferred yesterday 25th August from small tankers to supertankers, after crossing Hormuz via the southern route near the coast of Oman. This is in excess of the average 20 million barrels shipped prior to the outbreak of war with Iran
Small tankers, moving without signaling, cross Hormuz—without risking that
expensive supertankers will be hit by Iranian launches—and then transfer their
oil "back to back" to supertankers that are outside the range of
Iranian danger, and from there they continue outward to the world.
The oil is transferred from all the Gulf states except from Iran.
This is how the US reduces the risk of damage to the large oil tankers and
minimizes exposure to harm from Iranian launches.
Meanwhile Qatari liquefied gas exports have crashed by 96% over the past six months following the war with Iran
During these months, Qatar exported only 18 shipments of liquefied gas compared to 509 shipments in the same period last year.
According to Reuters, Qatar lost $24 billion in liquefied gas revenues. The increase in American liquefied gas exports strengthened at Qatar's expense and covered part of the global demand; however, Europe's gas reserves are depleted—which could lead to a rise in gas prices.
Summary:
1. Because of Iran, Qatar lost $24 billion in revenue (less money for incitement against Israel, which is already reflected in a significant reduction of Qatari budgets).
2. The US is selling more gas.
3. Europeans are going to pay dearly for gas this coming winter.
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