Just Get Out! Now!

72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease. Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August and September expiries between $60 and $68. The September $60 strike put is one...

Lutnick Testifying Today On Epstein Ties After Dems Demand Subpoena Commerce Secretary Howard Lutnick - a former neighbor and pal of Jeffrey Epstein who emailed the sex offender about visiting his Caribbean island (and then said it was 'nice to see him' in a subsequent email) - will provide closed-door testimony today in front of the US House committee investigating the Epstein's crimes and possible lapses in the law enforcement response. While Lutnick initially claimed he barely knew Epstein (like everybody else), emails and other documents released earlier this year by the DOJ reveals...

Iran’s parliament speaker, Mohammad Bagher Ghalibaf, said in a statement on Wednesday that the US had violated “three clauses” of Iran’s 10-point ceasefire proposal. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf […]