π¨ DAY 22 SATURDAY EDITION IS LIVE
The US unsanctioned Iranian oil while bombing Iran and striking Natanz a second time. Iran launched its 70th wave of attacks. Diego Garcia is still waiting for an official response.
β THE SANCTIONS PARADOX β The US lifted sanctions on 140 million barrels of Iranian oil Friday night β while actively bombing Iran. That's 1.5 days of global supply. Every other price-relief lever is exhausted. CNN sources: the administration is "resigned to watching."
β‘ NATANZ, AGAIN β The US and Israel struck Iran's main nuclear enrichment facility for the second time in 22 days. The IAEA called for restraint to avoid a nuclear accident β for the second time. The facility keeps getting hit. It keeps operating.
β’ DIEGO GARCIA: THE DAY AFTER β 12+ hours since Iran fired ballistic missiles at the joint US-UK Indian Ocean base. No official US or UK statement. Putin sent Nowruz greetings to Khamenei calling Russia "a loyal friend." South Korea formally joined the Hormuz coalition.
β£ THE 70TH WAVE β 70 waves of Iranian attacks in 22 days. On Saturday alone: five US military bases struck simultaneously, an Iraqi intelligence officer killed in Baghdad, a kindergarten hit in Israel. Bahrain has intercepted 143 missiles and 242 drones since Day 1. This is the war American coverage isn't showing you.
β€ "WINDING DOWN" β THE WORLD'S VERDICT β Iran called Trump's post "psychological operations to control the markets." Israel's defense minister warned strikes will intensify next week. The IAEA called for restraint. The WFP warned of record hunger levels. Tehran told Kyodo it seeks not a ceasefire but "a complete, comprehensive and lasting end to the war."
β₯ THE CRACK IN HORMUZ β Iran told Japan its ships can pass through Hormuz β if Tokyo calls Tehran. Iran is not reopening the strait. It is offering to reopen it selectively, to countries that haven't joined the war against it. Every country that accepts implicitly acknowledges Iran's authority to control the world's most important waterway.
The rest of the world is watching. We translate it for you.
This passage is unclear: "Japan is one of the most Hormuz-dependent economies on Earth: 93 percent of its crude oil imports flow through the strait, and 70 percent of all Japanese oil passes through it."
Probably a simple technicality. What oil other than crude oil does Japan import?
It has been updated to correctly reflect the original intent behind the numbers. In short, 95% of Japanβs crude comes from the Middle East and three-quarters of that travels through Hormuz.
Could the missile shot at Diego Garcia be explained if it is assumed to be a Russian missile?
This passage is unclear: "Japan is one of the most Hormuz-dependent economies on Earth: 93 percent of its crude oil imports flow through the strait, and 70 percent of all Japanese oil passes through it."
Probably a simple technicality. What oil other than crude oil does Japan import?
It has been updated to correctly reflect the original intent behind the numbers. In short, 95% of Japanβs crude comes from the Middle East and three-quarters of that travels through Hormuz.