The Hormuz Letter
@HormuzLetter
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BREAKING: Ukrainian drones have just struck Russia’s Syzran oil refinery, with multiple fires burning across the complex, hours after Trump claimed on Truth Social that Ukraine had agreed not to hit Russian energy targets, that Russia had agreed likewise, and that the world’s diesel price rise “is mostly caused by the Russia/Ukraine War, not Iran.”
Syzran runs about 170,000 barrels per day, roughly 3% of Russia’s refining capacity. US diesel hit a record $6.23 a gallon today.