Oil Jumps After Explosion And Massive Fire At One Of The Largest US Oil Refineries

Iran Vows 'Swift, Decisive' Revenge After Overnight US Port Attack, As Sides Seek Deal Allowing Each To 'Sell Their Narrative' Summary CENTCOM denies that US Navy has officially restarted guiding ships through Hormuz Strait amid fresh tanker explosion and fuel leak incident. IRGC says its military shot down an MQ-9 drone and forced an F-35 jet out of Iranian airspace. Tehran formally accuses Washington of "ceasefire violation" while warning a final deal is not yet imminent, while Pentagon cites "self-defense" strikes in Hormuz overnight. Ayatollah Hajj message: US will "no longer have a safe...

The Permanent Distortion Theory Submitted by QTR's Fringe Finance “This time it’s different” is supposed to be the dumbest phrase in investing. It’s the phrase people use right before they get obliterated. It was the rallying cry of dot-com lunatics buying companies with no revenue in 1999. It was the intellectual foundation of housing perma-bulls in 2006 who believed home prices could only go up because, apparently, Americans had collectively decided real estate was immune mathematical reality. It’s typically what people say when they’re trying to justify paying absurd prices for dogshit assets...

Cox Media Heir Turned Communist Financier Arrested In Spain, Faces US Extradition Jim "Fergie" Chambers, the Communist centi-millionaire and heir to the massive Cox media fortune, was arrested in Ibiza at the request of the US Justice Department and is awaiting possible extradition on federal charges linked to "international money laundering… with the intent to provide material support to and resources to foreign terrorist organizations," according to The Grayzone on Monday, citing new details from the sealed indictment. The indictment alleges that Chambers transferred funds from US banks to accounts in...