US NatGas Futs Sink To Four-Month Low As Mid-Atlantic Exits Brutal Winter

A senior Iranian official said President Donald Trump’s maximalist demands and erratic behavior are harming the diplomatic process.  “Our assessment is that Trump effectively lacks both a coherent plan and the capacity to secure even a temporary agreement. His decision-making appears to be grounded in Israeli political and security assessments, conveyed to him on a […]

UBS Warns El Nino May Intensify Food Inflation Across Asia By now, readers have a clear understanding that the Gulf-driven energy shock is on course to collide with a potential super El Niño weather event, creating what could be a dangerous second-order shock to food supply chains around the world. The concern is that extreme heat and disrupted rainfall patterns could hit top agricultural growing belts, dent harvest output, and amplify existing supply stress. Even before those weather-driven impacts fully materialize, global food prices are already rising, suggesting that...

China's Return To The Oil Market Could Boost Inflation Submitted by Tsvetana Paraskova of OilPrice.com The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.    Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News...