World Economic Fuck'em

WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain Oil prices are lower overnight (but dramatically off their lows) amid on-again, off-again optimism of an imminent US-Iran peace deal. Benchmark Brent fell as much as 12% to $96.75 a barrel in London, while West Texas Intermediate dropped up to 13%. European natural gas plunged as much as 14%. Oil and gas later pared about half of those losses after Trump said in a Truth Social post on Wednesday that if Iran doesn’t agree, “the bombing...

People have rallied and rioted outside American embassies across the globe. 22 people were killed in Pakistan.  Several people attempted to storm the consulate in Karachi on Sunday morning. At least ten people were killed by gunfire while attempting to breach the diplomatic building. It is unclear if Pakistani security forces or American troops opened […]

Ex-CIA Analyst: Trump's Claim About Obliterated Iranian Air Defenses Was Premature Authored by former CIA officer Larry Johnson During his Wednesday night speech, Donald Trump made the following claim about Iran’s air defenses: "They have no anti-aircraft equipment, their radar’s 100% annihilated, we are unstoppable as a military force." The White House followed this Friday, with a statement from a spokesperson, Anna Kelley, who further emphasized, "Here are the facts: Iranian ballistic missile and drone attacks are down 90 percent, their navy is wiped out, two-thirds of their production facilities are damaged...