Iran Rushes To Load Oil Onto Ships In Anticipation Of US Strikes

Lights Out For Sleep Number, Shares Crash On Potential Bankruptcy Filing Sleep Number Corporation shares crashed after multiple outlets, including The Wall Street Journal and Bloomberg, reported that the mattress and bedding retailer is preparing to file for Chapter 11 bankruptcy. WSJ said that Sleep Number is "expected to use the Chapter 11 process to restructure its balance sheet while continuing operations. The reorganization could also include a potential sale of the business." As of late 2024, Sleep Number had 640 retail stores across the US, with a footprint actively shrinking in...

US & Iran Exchange Heavy Strikes For 5th Day As Trump Warns He'll Take Out Power Plants Next The Pentagon opened Wednesday morning (US time) by announcing yet another round of strikes on Iran, in what looks like sustained action - also increasingly expanding to include civil and energy infrastructure of the Islamic Republic. "At 6 a.m. ET today, U.S. Central Command forces began launching a wave of strikes against Iran," Centcom announced. "The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in...

Iran Counter-Blockade Bites As No Tankers Load At Kharg For 10th Day Earlier today, in response to news that the number of tankers anchored at Iran's Kharg Island oil terminal had hit a post-blockade peak, we wondered if this means that Iran is running out of tankers to store oil, i.e., Trump' blockade of the blockade is working. In any case, it certainly means that Iran is no longer able to sell any of the oil, depriving it of much needed oil export revenues which it has found itself forced to...