Trump Says US May Bomb Iran’s Kharg Island Again ‘Just for Fun’

US Crude Stockpile Hits Highest Since June 2024, Exports Surge Oil prices are ripping higher this morning (rebounding aggressively of overnight lows) after US and Israel attacked upstream Iranian energy assets for the first time since the war (While the US struck oil export hub Kharg Island late last week, it limited that attack to military targets began). Iran’s IRGC responded by publishing a list of Gulf energy sites in Saudi Arabia, the United Arab Emirates and Qatar that “have become direct and legitimate targets” following the attack on South Pars, the...

Iran Demands Israel Halt Lebanon Attacks As Both Sides Arrive In Pakistan, Trump Threatens Strikes If Peace Fails Summary:  Iran makes clear Lebanon fighting must end or else Pakistan talks "meaningless" - as its delegation arrives in 'locked down' Pakistan. Speculation abounds related to ongoing Pentagon transport flights into Mideast region. Trump threatens more military action if Iran doesn't 'comply' - also as Israel-Lebanon talks scheduled in Washington next week. US delegation headed by Vance en route to Islamabad. But parliament speaker makes fresh demands on Lebanon. Lloyd's: "The Iranians are willing to negotiate...

Italian Diplomatic Sources Deny Talks With Iran To Open Hormuz Update(1140ET): Italy denies talks with Iran, but still nothing official on a public level from government ministers: No negotiations are under way with Iran to guarantee safe passage through the Hormuz Strait for Italian ships or oil tankers, an Italian Foreign Ministry source has told Reuters, denying a report in The Financial Times. “In their diplomatic contacts, Italian leaders want to favour the conditions for a general military de-escalation, but there is no under-the-table negotiation aimed at preserving only some merchant ships...