Post

Russia's agreement to export diesel to the United States is actually a form of diplomatic and political maneuvering, forcing a rift between the U.S. and the Ukrainian people. Trump is not unaware of this, but to address the impact of current energy prices on the midterm elections, he is willing to sacrifice Ukraine's interests. As for Russia, it appears to be helping the U.S. by exporting crude oil, but in reality, this is a temporary fix that does not address the root problem, while also allowing Russia to gain more funds to suppress Ukraine. Regarding Iran, a slight increase in material and military aid will not provoke much objection from Iran. #美俄达成柴油供应安排，霍尔木兹风险仍未解 In terms of energy data, last week showed consecutive optimistic energy export figures, but this week has started to deteriorate. As I mentioned last week, improvements in energy flow data do not necessarily solve the actual problems. Currently, according to the Financial Times, after Iran expanded energy transport restrictions to the entire Persian Gulf this week, energy transport data worsened again, dropping from last week's recovery to 74% of pre-war levels down to 58%. If Iran continues to harass the Persian Gulf, energy output will remain an issue. On the other hand, many friends say that energy output from the Gulf of Mexico can replace that of the Middle East. Theoretically, yes, but it requires more time to increase energy production capacity. So far, Reuters reports that the risk of energy transport costs has spread globally, with transport costs from the Gulf of Mexico to China having increased by 300% since mid-August. In fact, the inability of the energy supply side to change the current U.S.-Iran situation is not necessarily a bad thing. For us investors, what we hope for is that oil prices return to normal and that the pressure on the global economy and finance is relieved