Critical Mass in Reverse

Inseparability

May 15 • Anatoly Kazimirov

Geometry of Decline

Aftermath of 2008

May 7 • Anatoly Kazimirov

1

2

April 2026

UAE Has Left the Group Chat

Dollar Swaps, Fujairah Loadings, and the End of OPEC as We Knew It

Apr 30 • Anatoly Kazimirov

4

2

33 Kilometres of Nash Equilibrium

The Strait of Hormuz as a payoff matrix

Apr 23 • Anatoly Kazimirov

1

Wrong About the Shape of Time

L'Hôpital Goes to Tehran

Apr 16 • Anatoly Kazimirov

1

2

The Hormuz Premium Is Not a Premium Anymore. It’s the Price.

Orthodox easter edition

Apr 12 • Anatoly Kazimirov

2

The Barrel That Broke the Model

Distillates, Disruption, and What the Smile Is Actually Saying

Apr 2 • Anatoly Kazimirov

2

March 2026

The Pipe of Credit, the Pipe of Empire

On private credit collapse, Hormuz, and a market that has priced in nothing

Mar 25 • Anatoly Kazimirov

1

The Wrong Hedge

The distillate superspike

Mar 17 • Anatoly Kazimirov

1

Making Russian Oil Great Again

Washington went to war with Iranian oil. Moscow collected the winnings.

Mar 7 • Anatoly Kazimirov

2

The Trap springs shut

Iran, the Strait of Hormuz, and the Unravelling of American Hegemony in the Gulf

Mar 3 • Anatoly Kazimirov

February 2026

David vs Goliath

Surviving against the odds

Feb 26 • Anatoly Kazimirov