[ihc-hide-content ihc_mb_type="show" ihc_mb_who="10,13,14,16,18,19" ihc_mb_template="1"] This has been a week full of important events and developments. Mark and PVN team were busy getting all the news together to share it with our readers and viewers! Starting with Israel and Palestine. We did a special report that explained what is happening in Gaza and West bank and what it might lead to. Have a look at the chart below that gives one a good idea and context in terms of the geopolitics and geography. There has been continued rocket attacks but we also know that Israel has an Iron Dome. Interestingly, additional ID batteries were move into positions before because these developments have been going on before this recent incident. Pressure in Gaza has been mounting recently. It becomes interesting when one brings Iran in the picture. Iran supports those in Gaza, especially Hamas and Iran is under pressure, uprising in their own country, losing support in Iraq. So, one of the ways that they are still trying to stay relevant and using proxies to do so, is to intervene here. In other news, Israel has shut down a gas plant, which goes to Jordan, Egypt and other countries. Chances are that all of all of these may force the parties to avoid an all out war. Another important development that occurred was the hacking of Colonial Pipeline (CP) that carries 2.5 mbpd pipeline. Below chart helps to put things in context. There are two main lines and then there are smaller lines that come off from it, the further you are from the coast, the more you will rely on this pipeline. This is a typical case of ransomware which encrypts the software and you have to pay an amount to get that software back. This is what is going on with CP, they are testing and will slowly bring it back. Once things get back to normal it will take 15 days to fill the pipeline and get things running. The EIA numbers next week will truly reflect the impact of CP. PADD 3 will have a build of refined products because of not going into the system, and PADD 1 will see drawdowns. We do have enough gasoline in the system but the problem is the ensuing panic. Finally, to conclude this week's blog, we talk about inflation, not only in the U.S. but also around the world. Citi group's Emerging Market inflation index has jumped to highest levels , more than 2008. The pressure keeps building and is now visible. It is evident that the pressure will peak but the problem is that, according to Mark, it will stay there and cause other issues. The delays have started to go up as well. We have done many a shows on food inflation, which leads to many other issues such as political unrests etcetera. Recently, as the graph below shows, the trend has continued to go up, moving in the wrong direction. Wages are not keeping pace. Shortage of life-stock and other ones, due to covid9, and inherent supply chain disruptions, from army worm to droughts to flooding, due to droughts have continued to play its role. Water levels have been adversely effected and due to lower water levels you can't move barges level. Level of purchases in China is highest, they are already buying next years crop. In the U.S., grains exports have been facing downward pressures too. In terms of inflation, China's consumer and producer prices are very important. Chinese PPI is at 6.8 percent , PPI at 9.1 percent, this will indeed become a bigger problem where the businesses are still have to pass it to consumers. U.S. is one of those consumers and it goes so on and so forth. Higher container rates highlight the same. By: Osama Rizvi for Primary Vision Network [/ihc-hide-content]