PODCAST: Why This Recession is Different

Iran Believes It Can Outlast US Based On 'Munitions, Markets, & Midterms'; Trump 'Not Open' To Tehran's Latest Proposal As 'Tank Tops' Loom Summary Trump doesn't appear open to Iran's proposal which hinges on US naval blockade ending & nuclear issue being pushed to future negotiations (CNN). First crude-laden Japanese tanker from Saudi port exits Hormuz Strait successfully without Iranian interference. Iranian analyst describes that Tehran believes it can outlast Trump & the standoff with US in Hormuz, citing "munitions, markets, and the midterms." Will Donald Trump announce that the United States blockade of the Strait...

Europe's EV Sales Jump 51% As Iran War Sends Gasoline Prices Soaring By Tsvetana Paraskova of OilPrice.com, Registrations of battery electric vehicles (BEVs) in Europe’s key automotive markets surged by 51% in March as the Iran war pushed gasoline prices to multi-year highs, data published by research firm New Automotive and trade association E-Mobility Europe showed on Monday. A Tesla charging on a street in Amsterdam More than 224,000 new electric passenger cars were registered in March alone across 15 key EU + EFTA markets, the analysis found. These sales accounted for as...

Sweden Seizes Another Suspected Russian 'Dark Fleet' Tanker, Despite US Easing Sanctions Washington has eased sanctions on countries buying Russian oil in connection with the Iran war and Strait of Hormuz crisis, an easing welcomed by the Kremlin, but which has caused angst and anger among pro-Ukraine campaigners. The US waiver is active for a month, and applies to crude which has has been floating at sea and thus was unable to be sold. However, this hasn't stopped some European countries from moving against tankers without proper registration and flags. Illustrative file imagec Sweden,...