{"id":63795,"date":"2026-03-06T03:11:19","date_gmt":"2026-03-06T03:11:19","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=63795"},"modified":"2026-03-06T03:22:21","modified_gmt":"2026-03-06T03:22:21","slug":"australia-braces-for-oil-shortages","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/","title":{"rendered":"Australia Braces for Oil Shortages"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Australia has roughly one month of emergency reserves of petrol, diesel, and gasoline.<\/li>\n<li>Iranian attacks will likely lead to supply shortages and steep price hikes in food, commodities, and air travel.<\/li>\n<\/ul>\n<hr \/>\n<p>Brent crude futures (May &#8217;26) are testing resistance at $85 per barrel. A breakout will likely offer a short-term target of $90.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png?resize=525%2C329&#038;ssl=1\" alt=\"Brent Crude\" width=\"525\" height=\"329\" \/><\/p>\n<blockquote><p>March 5 (<a href=\"https:\/\/www.reuters.com\/world\/middle-east\/more-tankers-come-under-attack-us-iran-conflict-spreads-region-2026-03-05\/\">Reuters<\/a>) &#8211; More tankers came under attack in Gulf waters on Thursday as the U.S.\u2013Iran war escalated, and Iranian drones entered \u200bAzerbaijan, threatening to spread the crisis to more oil producers in the region.<\/p>\n<p>A Bahamas-flagged crude oil tanker was targeted by an Iranian \u200cremote-controlled boat laden with explosives while anchored near Iraq&#8217;s Khor al Zubair port, according to initial assessments. A second tanker at anchor off Kuwait was taking on water and spilling oil after a large explosion on its port side.<\/p>\n<p>Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran \u200blaunched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan, injuring four people.<\/p>\n<p>&#8230;.Around 200 ships, including oil and liquefied natural \u200bgas tankers as well as cargo ships, remained at anchor in open waters off the coast of major Gulf producers, according to Reuters estimates based \u200bon ship-tracking data from the MarineTraffic platform.<\/p>\n<p>Hundreds of other vessels remained outside the Strait of Hormuz unable to reach ports, shipping data showed.<\/p><\/blockquote>\n<p>Australian \u200bEnergy Minister Chris Bowen said on Tuesday that Australia has 36 days of petrol, 34 days of diesel, and 32 days of jet fuel in reserve. While Bowen stressed this was the highest level in more than a decade, it&#8217;s far below the International Energy Agency recommendation of 90 days.<\/p>\n<p>Compare that to Japan, which is similarly reliant on crude oil from the Middle East and holds emergency oil reserves equivalent to 254 days of consumption. (<a href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/japans-middle-east-energy-dependency-how-it-mitigates-shocks-2026-03-04\/\">Reuters<\/a>)<\/p>\n<p>Ongoing shortages caused by even partial closure of the Strait of Hormuz could lead to fuel rationing in Australia.<\/p>\n<p>Major industries that are heavily reliant on diesel fuel include long-haul road transport, agriculture, and mining. Iron ore operations in the Pilbara region, a major earner of export revenue, alone consume hundreds of millions of liters of diesel each year. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/australia-tells-consumers-no-need-panic-buy-petrol-over-iran-war-stocks-high-2026-03-03\/\">Reuters<\/a>)<\/p>\n<blockquote><p>The aviation industry is also vulnerable to fuel shortages. Jet fuel prices in Asia&#8217;s \u200btrading hub Singapore climbed to $225.44 a barrel on Wednesday, a record high.<\/p>\n<p>The spot price of jet kerosene has now gained 140% since the close of $93.45 a barrel on February 27, the day before the United States and Israel launched an aerial bombing campaign against Iran.<\/p>\n<p>The problem is that much of the oil shipped through the Strait of Hormuz is medium-sour crude, a grade prized for its higher yield of middle distillates such as jet kerosene and diesel.<\/p>\n<p>Even if refiners can source alternative crudes from Africa or South America, these grades tend to be lighter and yield more light distillates such as gasoline and naphtha. (<a href=\"https:\/\/www.reuters.com\/markets\/commodities\/jet-fuels-huge-price-surge-points-coming-pain-iran-war-2026-03-05\/\">Reuters<\/a>)<\/p><\/blockquote>\n<p>The Dow Jones Global Oil &amp; Gas Index has climbed 20% since mid-January.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-05-w1ene.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Global Oil &amp; Gas Index\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Japan and China have large emergency stockpiles of crude and LNG and can probably survive several months of supply interruptions.<\/p>\n<p>India, Australia, and Europe do not have that luxury and will likely suffer from a steep spike in prices and possible fuel rationing if the Strait of Hormuz remains closed.<\/p>\n<p>In Australia, we expect food prices to jump if the price of diesel, used in agriculture and long-haul freight, rises. Mining costs will also likely rise due to diesel shortages, driving up the cost of materials.<\/p>\n<p>Global aviation is also vulnerable because of the steep rise in jet fuel prices.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/business\/energy\/australia-tells-consumers-no-need-panic-buy-petrol-over-iran-war-stocks-high-2026-03-03\/\">Australia tells consumers no need to panic buy petrol over Iran war as stocks high<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/more-tankers-come-under-attack-us-iran-conflict-spreads-region-2026-03-05\/\">More tankers come under attack as US-Iran conflict spreads in the region<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/japans-middle-east-energy-dependency-how-it-mitigates-shocks-2026-03-04\/\">Japan&#8217;s Middle East energy dependency &#8211; and how it mitigates shocks<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/jet-fuels-huge-price-surge-points-coming-pain-iran-war-2026-03-05\/\">Jet fuel&#8217;s huge price surge points to coming pain from Iran war<\/a><\/li>\n<li>CNBC: <a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\">ICE May &#8217;26 Brent Crude Futures<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Australia has roughly one month of emergency reserves of petrol, diesel, and gasoline. Iranian attacks will likely lead to supply shortages and steep price hikes in food, commodities, and air travel. Brent crude futures (May &#8217;26) are testing resistance at $85 per barrel. A breakout will likely offer a short-term target of $90. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia Braces for Oil Shortages&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5402,43,44,12,13,19,33,34],"tags":[290,495,663,7191,7140,7192,1934,7171],"class_list":["post-63795","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-base-metals","category-commodities-gold-commodities","category-crude-oil-natural-gas","category-india-singapore-countries-regions","category-inflation-economy","category-middle-east","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-australia","tag-brent-crude","tag-china","tag-crude-oil-futures","tag-dow-jones-global-oil-gas-index","tag-emergency-stockpiles","tag-japan","tag-strait-of-hormuz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia Braces for Oil Shortages - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia Braces for Oil Shortages - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Australia has roughly one month of emergency reserves of petrol, diesel, and gasoline. Iranian attacks will likely lead to supply shortages and steep price hikes in food, commodities, and air travel. Brent crude futures (May &#8217;26) are testing resistance at $85 per barrel. A breakout will likely offer a short-term target of $90. &hellip; Continue reading &quot;Australia Braces for Oil Shortages&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-06T03:11:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-06T03:22:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/03\\\/06\\\/australia-braces-for-oil-shortages\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/03\\\/06\\\/australia-braces-for-oil-shortages\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Australia Braces for Oil Shortages\",\"datePublished\":\"2026-03-06T03:11:19+00:00\",\"dateModified\":\"2026-03-06T03:22:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/03\\\/06\\\/australia-braces-for-oil-shortages\\\/\"},\"wordCount\":668,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/03\\\/06\\\/australia-braces-for-oil-shortages\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-03-05-brent.png\",\"keywords\":[\"Australia\",\"Brent crude\",\"China\",\"Crude OIl Futures\",\"Dow Jones Global Oil &amp; 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A breakout will likely offer a short-term target of $90. &hellip; Continue reading \"Australia Braces for Oil Shortages\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2026-03-06T03:11:19+00:00","article_modified_time":"2026-03-06T03:22:21+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"Australia Braces for Oil Shortages","datePublished":"2026-03-06T03:11:19+00:00","dateModified":"2026-03-06T03:22:21+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/"},"wordCount":668,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png","keywords":["Australia","Brent crude","China","Crude OIl Futures","Dow Jones Global Oil &amp; Gas Index","Emergency Stockpiles","Japan","Strait of Hormuz"],"articleSection":["Australia &amp; NZ","Base Metals","Commodities","Crude Oil &amp; Natural Gas","India &amp; Singapore","Inflation","Middle East","UK &amp; Europe","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/","name":"Australia Braces for Oil Shortages - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png","datePublished":"2026-03-06T03:11:19+00:00","dateModified":"2026-03-06T03:22:21+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Australia Braces for Oil Shortages"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-gAX","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":63980,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/30\/whistling-past-the-graveyard\/","url_meta":{"origin":63795,"position":0},"title":"Whistling Past the Graveyard","author":"Colin Twiggs","date":"March 30, 2026","format":false,"excerpt":"Brent crude futures broke resistance at $115 per barrel and are now retracing to test the new support level. Respect would signal an advance to $120. Reuters reported on Friday's oil and gas gathering in Houston: The scope of disruption \u200cthat has already happened seemed to go little acknowledged on\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Brent Crude Futures (ICE May'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":44355,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/09\/29\/falling-us-oil-inventories-warn-of-further-price-rises\/","url_meta":{"origin":63795,"position":1},"title":"Falling US oil inventories warn of further price rises","author":"Colin Twiggs","date":"September 29, 2023","format":false,"excerpt":"Nymex light crude retreated to $91.71 per barrel -- retracing to test the new support level at $90. Respect of support would signal a fresh advance with a short-term target of $100. Weekly crude oil inventories (including the SPR\/strategic petroleum reserve) have fallen to their lowest level since the 1980s.\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex Light Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-09-28-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-09-28-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-09-28-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":3440,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/08\/brent-oil-on-tear-with-iran-sanctions-europe-winters-commodities-futures-magazine\/","url_meta":{"origin":63795,"position":2},"title":"Brent oil on tear with Iran sanctions, Europe winters &#8211; Commodities &#8211; Futures Magazine","author":"ColinTwiggs","date":"February 8, 2012","format":false,"excerpt":"PHIL FLYNN: The Brent crude versus WTI spread has blown out to the highest levels since last October surging over $20 on a combination of gluts, cuts and nuts. As U.S. refiners go into hibernation against a backdrop of weak demand, supply in the U.S. continues to rise. Refiners are\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12992,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/14\/oil-lower-on-global-glut-iranian-output\/","url_meta":{"origin":63795,"position":3},"title":"Oil lower on global glut, Iranian output","author":"ColinTwiggs","date":"March 14, 2016","format":false,"excerpt":"From The Age: Stockpiles at the Cushing, Oklahoma grew almost 850,000 barrels to 69.6 million in the week to March 11, bringing storage at the delivery hub for US crude futures to near capacity, traders said, citing market intelligence firm Genscape. The Organisation of the Petroleum Exporting Countries, meanwhile, said\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63904,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/19\/crude-oil-spikes-but-gold-falls\/","url_meta":{"origin":63795,"position":4},"title":"Crude Oil Spikes But Gold Falls","author":"Colin Twiggs","date":"March 19, 2026","format":false,"excerpt":"Key Points Iranian missiles damaged Qatar's Ras Laffan Industrial City, the world's largest LNG export facility. Brent crude futures spiked to $115 per barrel. The Fed kept the fed funds target rate unchanged at 3.50%-3.75%. Gold is testing support at $4,800 per barrel. From CNBC: Qatar said Wednesday that Iranian\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-18-brent4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-18-brent4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-18-brent4.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63948,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/24\/april-1-the-crunch-is-coming\/","url_meta":{"origin":63795,"position":5},"title":"April 1 &#8220;The Crunch is Coming&#8221;","author":"Colin Twiggs","date":"March 24, 2026","format":false,"excerpt":"Key Points Brent crude futures (May '26) retreated to support at $100 per barrel. President Trump reported on progress in negotiations with Iran, but the Iranians say that's \"fakenews\". 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