Wednesday, 7 October 2026

day two hundred fourteen (13. 864)

The second largest oil refinery in Venezuela catches fire. Ukranian drones disable a large petroleum processing facility in Sochi.  Amid intense fighting and both sides vie for control of the Yemeni highlands, Houthi rebels target several Saudi-Aramco oil fields. Whilst oil flows have nearly recovered to pre-war levels, exports falter as attacks on tankers in the Persian Gulf continue and the Strait of Hormuz remains effectively closed. Crude prices again climb over a hundred dollars per barrel. Despite the flagging bond market and the self-imposed energy shock, the US stock market, buoyed up only by a buying frenzy in AI-related technologies, reaches all time highs. The dismantled US Centres for Disease Control, under the leadership of RFK Jr, is monitoring the Russian plague risk as two hundred individuals in Siberia quarantine.