After yesterday’s surprise Scouting Report, which surprised even me because that was the first time I connected the dots to the blistering attacks on Russia’s oil exporting capabilities to those on the Persian Gulf, the picture has become clear.
In a sentence, “This is it.”
Whatever or whoever is propelling these events has a vector that leads to the destruction of the Western economies, and more than a few developing economies as collateral damage.
All economic activity requires WORK.
All work requires ENERGY.
By striking at the root of economic activity, a series of events has been placed in motion that will violently shake every economy.
More Attacks On Refineries Last Night
Iran is not happy with Kuwait. But, Kuwait was warned about not allowing US/Israel attacks to be launched from their land:
🇰🇼 🇺🇸⚡️🇮🇷 Huge fires erupted at the Mubarak Al-Kabeer Kuwaiti port off the coast of Iraq after it was hit by Iranian missiles. pic.twitter.com/JXGaCDkdhP
— Jackson Hinkle 🇺🇸 (@jacksonhinklle) March 27, 2026
Kuwait airport is still burning:
After nearly 48 hours of the attack, the fire in the fuel tanks at Kuwait International Airport is still being put out. Even the heavy rains didn’t help with this. pic.twitter.com/WDiUxBDy3j
— Asmaa | اسماء (@FajrCoded) March 26, 2026
The “Ukrainians” (in quotes because who knows who is behind these attacks?) targeted the Primorsk facility again last night:
Ukrainians are now really going for the complete elimination of the oil terminal in Ust Luga, Leningrad region, in Russia. UAVs just keep on coming in. Judging by the intensity of the UAV swarms recently there is a chance that Russians will soon run low on air defense missiles. pic.twitter.com/GAkqh6vzMe
— (((Tendar))) (@Tendar) March 27, 2026
The two terminals being heavily targeted at the moment are responsible for ~1.2 million barrels per day of high-quality crude oil exports.

Bloomberg underplays the verbiage by observing that the main effects is to “undermine Russia’s ability to cash in” on the Iran war:
Ukrainian attacks on Russian oil infrastructure on the Baltic Sea are undermining Moscow’s ability to benefit from a crude rally driven by the Middle East conflict https://t.co/tzgkopfuCE
— Bloomberg (@business) March 26, 2026
Kind of interesting that we are getting real-time, high definition satellite photos of the Russian damage, when none are available anywhere across the Gulf or Israel:
Fighting fire with fire – the Ust-Luga port depot as seen in a @Planet high-resolution image after yet another subsequent Ukrainian strike. The image was taken today, March 27, at 06:09 UTC. pic.twitter.com/NYY1UgZ2fH
— Mark Krutov (@kromark) March 27, 2026
Supply Chains Are Collapsing
France estimates that more than a third of Gulf output capacity has been severely damaged or destroyed:
🛢 OIL CRISIS HITS HARDFrance warns: Gulf oil output won't recover to pre-war levels before 2030.Finance Minister Roland Lescure revealed 30-40% of Gulf refining capacity was damaged or destroyed by Iran's strikes — creating an 11 million barrel-per-day global shortage.… pic.twitter.com/cbfKrGVCvd
— Vitamvivere (@Vitamvivere) March 27, 2026
This