Benchmark VLCC day rates surge to 5-year high of $125,00 per day. “Sanctioned barrels are backing up [...] Ton miles have also increased due to higher volumes of Atlantic Basin to Asia, and lastly we have more OPEC barrels,” says @lh_barstad #OOTT

As expected👇🏻

Concerned about rising oil on water? Brazil's crude exports dropped in September, but exports to China rose significantly, while those to the US fell. See the map: How does this affect "oil on water"? Don't be misled by news and lazy analysis. Subscribe: afalhajji.substack.com/

CHART OF THE DAY: I'm sure it's nothing. The amount of oil-in-transit (by tanker) is at a >10 year high, even above the extraordinary level reached in early 2020 when Saudi Arabia and its allies flooded the market during their oil price war against Russia. #OOTT

Jews lived in the Holy Land before the emergence of the perverted ideology called Zionism. Torah Jews living in Jerusalem and its surroundings lived in peace with their Muslim neighbors before the establishment of Israel. In Islamic states, Jews got along well with their Muslim neighbors and even took care of each other's children. For centuries, Jews have lived peacefully in Palestine alongside their neighbors. Rabbi Dov Cohen, who studied in the Hebron Yeshiva in the 1920s, writes in his memoirs: “A strong friendship existed among all residents of the city… We used to attend Arab weddings... We were welcome guests at all their happy events… The Arabs, and even their sheikhs, used to attend Jewish weddings as a sign of friendship… The Yeshiva students, used to go down sometimes to the village to buy products, sometimes even after midnight. In those days we walked around freely, without security patrol and without any weapons in all the Arab villages. No one had any fear… Every month on Erev Rosh Chodesh, the yeshiva would go pray at the Cave of Machpelah. We were welcomed there… It was well-known that when the yeshiva considered moving to a different location, the local Arab leaders stood up to prevent it.” Tragically, Zionism in general and radical militant actions in particular, have transformed the peaceful atmosphere in the land to one of tension and instability. Zionism and the Zionist State of Israel are solely responsible for this hostility, genocide and suffering in the Holy Land.