World Economic Fuck'em

Crude Stocks Rise 3.5 Million, Highest Since May 2025 With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.  The DOE reported the following weekly changes: Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025 Gasoline -1.704MM, down to the lowest since Jan 9, 2026 Distillates +429K, biggest increase since Jan 2026 Cushing +1.6MM, rising to the highest...

An Israeli defense official explained that Tehran had learned lessons during the war in June, and the Iranian military was not close to collapse.  “The Iranians learned lessons from Operation Kalavy,” a senior Israeli military official told the Israeli outlet Walla on Tuesday. “They are still functioning militarily at a level that is between moderate […]