Four observations:
1. Production-wise, they still drill and pump oil....HOWEVER, it gets to a depot area near the coast, and the tanks are rapidly filling, with almost nothing getting loaded on oil-tankers.
From my reading yesterday....I asked Grok (AI)...how much time was left before the tanks are all full....roughly 13 days was the answer.
So at the end of April...drilling stops.
Revenue from oil? ZERO for the most part.
Iran had nothing much to make income off of.....so there's a cash-flow issue brewing.
2. Hyper-inflation on food? Feb numbers suggest 47-percent.
3. Jet-fuel rationing going on? Yeah....mostly from the Gulf region is where this commentary comes from.
4. Airport strikes going on...workers aren't showing up. Some indications that only gov't ordered flights now operating.
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