Iran Appoints Former IRGC Commander as New National Security Chief

Energy Drinks Become Latest Casualty As Fuel Shock Shifts Consumer Behavior The national average price for 87-octane gasoline at the pump has remained above the politically sensitive $4-per-gallon threshold for 57 days and counting, as the U.S.-Iran conflict continues to disrupt energy flows through the Strait of Hormuz chokepoint. That price shock at the pump has already translated into visible shifts in consumer behavior at gas stations and convenience stores, an emerging trend we first outlined in mid-April (see here and here). Adding to the consumer story of elevated gas prices pressuring...

Good Faith Vs Bad Faith Authored by James Howard Kunstler via Clusterfuck Nation, "In conditions of mass democracy, the soft and the infantilising will be preferred over the hard and the necessary again and again." - Eugyppius on X Clusterfuck Nation never sleeps, even while everybody else lays aside their labors. Later today we'll light up the ceremonial grill, but for now it's onto the tribulations of this dolorous moment in history. It was just such a sparkling September morning twenty-five years ago when those hijacked airliners knifed into the World Trade Center towers...

Asian Refiners Swamped, Brace For Over 60 Million Barrels Of Oil Ready To Exit Hormuz By Tsvetana Parskova of OilPrice.com Crude cargo arrivals in Asia from the Middle East could accelerate in the coming weeks as more than 60 million barrels of oil stuck in the Persian Gulf prepare to exit the Strait of Hormuz and head to Asian markets once the chokepoint reopens to traffic.   About 62 million barrels of crude oil on nearly three dozen supertankers are expected to make their way to Asia within weeks after the Strait...