Israeli Airstrikes on Gaza City Kill Two Palestinians

World's Largest Refiner Says China's Oil Demand "Very Likely Peaked Last Year" One of the most understated stories of 2026, and the reason why oil (and gas) aren't trading at persistently nosebleed levels (ignore diesel for the time being), has been China's unexpectedly weak oil demand. And while there has been much speculation surrounding the reason for this chronically weak oil demand, ranging from an accelerated - and offsetting - SPR drain, to a dramatic economic slowdown behind the scenes (or even in front of the scenes based on the...

Dismal, Tailing 10Y Auction Sees Lowest Foreign Demand Since Jan 2025 As Yields Soar With 30Y yields trading on the wrong side of 5% today, all eyes were on today's 10Y refunding auction to see if it would be ugly enough to push yields to 4.50% or higher. Here is what happened. Just after 1pm, the Treasury announced that the high yield on today's sale of $42 billion in 10Y paper was 4.468%, the highest yield since Jan 2025, and a 0.4bps tail to the When Issued 4.464%, the 4th consecutive...

Iran Tried To Bring IRGC-Linked Individuals Into US With World Cup Delegation: Homeland Security Chief Via American Greatness, Homeland Security Secretary Markwayne Mullin said Sunday that Iranian officials attempted to bring multiple individuals with alleged ties to the Islamic Revolutionary Guard Corps into the United States as part of the country’s World Cup soccer delegation. Mullin made the remarks during an interview with Fox News as U.S.-Iran negotiations were U.S. officials subjected members of Iran’s traveling delegation to heightened scrutiny after President Donald Trump directed the Department of Homeland Security to conduct extensive vetting of...