US Intel Aided Mexican Special Forces In "El Mencho" Kill As Spillover Risks Rise

Tuesday marked one year since the US bombed a migrant detention facility in Saada, northern Yemen, killing 68 African migrants, and Amnesty International has reiterated its call for the attack to be investigated as a potential war crime. The strike was part of the Trump administration’s bombing campaign in Yemen dubbed “Operation Rough Rider,” which […]

The Iranian military has warned that if the US or Israel bomb Iran’s power plants or other energy infrastructure, it will completely close the Strait of Hormuz and target similar infrastructure in Israel and regional countries hosting US bases. Lt. Col. Ebrahim Zolfaqari, spokesman for Iran’s Khatam al-Anbiya Central Headquarters, issued the warning in response […]

WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump's 'ceasefire extension' after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning's inventory/supply data from DOE will provide some color on how the API Crude -4.5mm Cushing +700k Gasoline -5.2mm Distillates -4.6mm DOE Crude +1.925mm Cushing +806k Gasoline -4.57mm - 10th weekly draw in a row Distillates -3.43mm - 4th weekly draw in a row Crude stocks unexpectedly saw a build last week...