WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019

Nearly 70% Inflation, Mass Layoffs, And A Strangled Economy: Iran's Brutal Test Of Endurance Iran’s economy is undergoing one of the most brutal stress tests in its modern history. Official annual inflation has surged to 50% according to central bank figures released shortly after the ceasefire, while the year-on-year rate reached as high as 67% through mid-April, according to the Wall Street Journal. The rial has crashed to a record low of 1.8 million to the dollar, roughly two million workers have lost their jobs, and the US naval blockade of...

From ISIS To Finance Bro: Syria's Sharaa To Attend G7 Summit In France Syria continues stepping out of the geopolitical wilderness, now apparently onto the highest-stakes stage in international finance. Or rather, the reality is that Washington's post-Assad Al Qaeda in suits makeover of 'former' terror leader Ahmed al-Sharaa has reached its peak. According to a Reuters report on Thursday, self-appointed Syrian President Ahmed al-Sharaa (Jolani) is set to lead a national delegation to the G7 summit in France next month. HTS leader Ahmed Al-Sharaa, now self-declared President, also known as Abu Mohammed...