Iran War Hype, Gold, and the Fed’s Debt Bubble

Escobar: The New Great Game, Revisited Authored by Pepe Escobar via 'Geopolitics Prime' substack, It took only a few Yemeni missiles on Saudi refineries to wake up “leadership” vectors of the Ummah; not over 100,000 Palestinians killed in Gaza by the death cult. The Mecca Sunni NATO pact between Saudi Arabia, Turkiye and Pakistan remains a puzzle. Or dodgy sub-standard theatre – complete with photo ops and sparse intel sharing. The full text has not been released. Everything is quite vague, only stressing “collective deterrence”. Against whom, it’s in the eyes of the...

WTI Rises After Big Product Draws, Tiny Crude Build, SPR Nears 'Tank Bottoms' Oil prices extended their declines for a third straight day after the US plan to ramp up economic pressure on Iran spared the country’s trading partners from harsher measures for now, while mediators said they were continuing efforts to end the conflict. “There was a lot of buildup around the announcement but what we got was more a warning about where policy is heading than an immediate shock to physical supply,” said Haris Khurshid, chief investment officer at...

Oil Rises As Three More Warships, Thousands Of Marines Dispatched To Mideast; Trump Blasts 'Paper Tiger' NATO Summary Oil rises on news of a second massive Marine deployment toward Gulf in a week, as Trump calls NATO a 'paper tiger'. IRGC contradicts Bibi: says missile production is ongoing, is of "no concern" - even as IRGC spokesman Ali Mohammad Naeini is reported killed. Energy war ongoing: Major sites damaged across the region - Haifa refinery hit, Qatar LNG output cut 17%, Kuwait facilities ablaze. Kharg Island escalation looms: Trump admin weighing seizure of Kharg Island...