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White House: Trump signed a memorandum authorizing U.S. law enforcement agencies to use cyber tools to combat criminal organizations operating in foreign jurisdictions.Conflict Situation: 1. Iranian Revolutionary Guard Spokesperson: If Iran faces renewed threats, hundreds of thousands of miles of energy transmission lines, thousands of power plants, all US and non-US facilities, and even global infrastructure connected to the internet will be at risk. 2. Iranian Revolutionary Guard Commander Naqdi: Given favorable conditions and orders, we must be able to advance operations into enemy territory. We produce more missiles than we launch every day. Even if this war lasts for years, Irans missiles will continue to be launched until the very last day. 3. Port Authority of Mocha, Yemen: The port is completely shut down due to Houthi attacks. 4. US Central Command: As of August 12th local time, the US military has forced 59 merchant ships to divert, rendered 3 ships immobile, and boarded and inspected 2 ships. Strait of Hormuz: 1. Trump: The US has complete control over the Strait of Hormuz. 2. The Persian Gulf oil spill crisis has resurfaced, and tanker attacks have exacerbated environmental risks in the Strait of Hormuz. 3. The Japanese Prime Minister and the Iranian President discussed easing tensions in the Middle East and the passage through the Strait of Hormuz. 4. Irans Persian Gulf Straits Authority: The Strait of Hormuz remains closed and will not reopen unless Irans conditions are accepted. 5. Iranian Foreign Ministry Spokesperson Baghae: As the country with the longest coastline in the Persian Gulf and the Gulf of Oman, Iran demands that all parties benefiting from shipping through the Strait of Hormuz take responsibility for repairing environmental damage in the relevant waters. Peace Negotiations 1. Yemens Houthi rebels expressed willingness to engage in dialogue with Saudi Arabia. 2. Sources: There are currently no discussions on extending the ceasefire. 3. According to Al Arabiya TV: Pakistani mediators are seeking a 60-day extension of the (US-Iran) ceasefire. 4. Pakistan stated that it will continue to promote direct and indirect diplomatic channels between the US and Iran. Other Matters 1. Iranian Oil Minister: Irans daily natural gas production capacity is expected to recover significantly. 2. Former Mossad Director claims Israeli personnel have repeatedly "surveyed" Iranian nuclear facilities. 3. Iran claims that oil cleanup work is underway off the southern coast of Qeshm. 4. Secretary of Irans Supreme National Security Council: Iran and Pakistan are each others "strategic assets." 5. A supertanker was spotted docking at a key Saudi port for the first time in weeks. 6. Iran: The US Congress should investigate the increase in Trumps assets. 7. Iraqi Prime Minister: September 30 is the deadline for the international coalition to withdraw its troops.Venezuelas central bank: Inflation reached 19.9% in July.U.S. Commerce Secretary Rutnick: The establishment of an Apple (AAPL.O) Mac mini factory in Texas will be announced tomorrow local time.According to Fox Business, White House Council of Economic Advisers Chairman Feren stated that the CPI report weakened the case for raising interest rates.

Ukraine Will Block A Crucial Russian Gas Transit to Europe, Blaming Russia

Charlie Brooks

May 11, 2022 09:46

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Ukraine said on Tuesday that it will cease the flow of gas via a transit point that, according to Kiev, sends over one-third of the fuel piped from Russia to Europe through Ukraine. Kiev blamed Moscow for the action and said it would redirect the flows elsewhere.


Even after Moscow's invasion, Ukraine has remained a significant transit route for Russian gas to Europe.


The operator of Ukraine's gas infrastructure, GTSOU, has declared "force majeure" and will cease shipments through the Sokhranivka route as of Wednesday. "Force majeure" is a provision triggered when a firm is affected by circumstances beyond its control.


However, Gazprom (MCX:GAZP), which has a monopoly on Russian gas pipeline exports, said that it was "technologically impossible" to move all volumes to the Sudzha connecting point farther to the west, as GTSOU requested.


GTSOU CEO Sergiy Makogon told Reuters that Russian occupation troops have begun transporting gas flowing through Ukraine to two rebel territories supported by Russia in the country's east. He failed to provide proof.


The company stated that it was unable to operate at the Novopskov gas compressor station due to "the interference of the occupying forces in technical processes," adding that it could temporarily redirect the affected flow to the Sudzha physical interconnection point, which is located on Ukrainian territory.


Ukraine's suspension of Russian natural gas shipments via the Sokhranivka route should have no effect on the local Ukrainian market, according to Yuriy Vitrenko, the president of the state-owned energy business Naftogaz.


The national gas company of Moldova, a tiny country on Ukraine's western border, said that neither GTSOU nor Gazprom had notified them of a supply interruption.


Russian army and separatist militants have controlled the Novopskov compressor station in the Luhansk area of eastern Ukraine since shortly after Moscow launched a "special military operation" in February.


GTSOU said that it is the first compressor in the Ukraine gas transit system in the Luhansk area, the transit route for about 32,6 million cubic metres of gas per day, or a third of the Russian gas transported to Europe through Ukraine.


To fulfill its "transit responsibilities to European partners in full," GTSOU said that it will "temporarily move unavailable capacity" to the Sudzha interconnection point.


Gazprom said it had received information from Ukraine that the nation will cease gas transit to Europe through the Sokhranivka interconnector at 7:00 a.m. on Wednesday local time.


The Russian corporation said that it observed no evidence of force majeure or impediments to business as usual. Gazprom emphasized that it was fulfilling its commitments to European gas purchasers.


As punishment for the invasion of Ukraine, the United States has pushed other nations to reduce their reliance on Russian energy and has prohibited Russian oil and other energy imports.


Ned Price, a spokeswoman for the U.S. State Department, said that Tuesday's declaration does not alter the "as soon as feasible" schedule for reducing global dependency on Russian oil.