Day: October 14, 2026
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Rory Johnston says the Houthis hit Riyadh’s airport on the very day oil’s top leaders were flying in for the World Petroleum Congress, and now every refinery and loading terminal on the Saudi Red Sea coast sits square in the bull’s eye.
Moving a barrel used to cost a couple of bucks:
“Now that same journey is $30 a barrel, and you’ve effectively shattered the global oil market into a dozen regional oil markets.”
Until shipping gets cheap again, one region drowns in oil while the next one runs dry.
@Rory_Johnston
Video
Mario Nawfal (@MarioNawfal)🇮🇷 Roughly 1 in 20 ships crossing Hormuz are getting hit… and the oil still pays enough to cover a lost tanker.
Rory Johnston says that in March and April, oil on one side of the strait was worth over $100 a barrel more than on the other, which eventually pulled in smugglers and dark transits.
The margins are thinner now but still cover the worst case:
“If you’re making $20, $30 a barrel on shipping through the strait, you can lose a ship and you can still make money.”
The catch is the world is running out of tankers to lose, so the crisis keeps hopping from crude to diesel to shipping.
@Rory_Johnston
Video
— https://x.com/MarioNawfal/status/2110571012676833746
The next matches of the second round of the UEFA Champions League (UCL) league phase have been played.
According to Report, nine matches took place on the second day of the round.
In the headline match of the round, France’s PSG defeated England’s Manchester City 4-2 away from home. Spain’s Real Madrid also secured a hard-fought away victory over Italy’s Roma. The Madrid side scored three goals in seven minutes to claim a 4-3 win.
England’s Liverpool also thrashed Austria’s LASK 6-3 in a high-scoring encounter.
UEFA Champions League
League Phase, Round 2
October 14
Feyenoord (Netherlands) vs Como (Italy) – 3:2
LASK (Austria) vs Liverpool (England) – 3:6
Roma (Italy) vs Real Madrid (Spain) – 3:4
Aston Villa (England) vs Fenerbahçe (Türkiye) – 6:0
Betis (Spain) vs Porto (Portugal) – 3:2
Bodø/Glimt (Norway) vs Borussia Dortmund (Germany) – 1:0
Manchester City (England) vs PSG (France) – 2:4
Shakhtar Donetsk (Ukraine) vs AEK Athens (Greece) – 3:1
Slovan Bratislava (Slovakia) vs Stuttgart (Germany) – 0:3

