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Chinese Oil Demand Unexpectedly Soars, Sending Shanghai Crude Above $100, With Brent Prices Set To Follow One of the reasons why the price of oil failed to soar during the "actively kinetic" phase of the Iran war, when shipments through Hormuz were effectively halted and the world faced a shortage of about 10-15mmb/d, is that Chinese oil demand plunged. Whether due to a sharp slowdown in the economy (which after the sudden "recap" of China's banks appears very likely) or due to an aggressive drain of China's strategic reserve, the...

Trump Throws Abraham Accords Monkey Wrench Into Saudi Nuclear Deal At 11th Hour President Trump has suddenly pulled back the reins on the Saudi nuclear deal, which is likely being felt as a major shock in Riyadh, given that the deal was already signed Wednesday by Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman. Trump in a Thursday morning Truth social post declared that the deal will only be finally approved "totally subject to Saudi Arabia joining the very respected and successful Abraham Accords." Upon Wednesday's signing, there...

La Marxista: Mamdani Pledges To Open First City-Run Store With Projected $30 Million Initial Cost Authored by Jonathan Turley, Mayor Zohran Mamdani used his “First 100 Days” speech this week to announce that he has kept his promise to create a chain of city-run stores . . . by pledging to open one store sometime “next year.” According to the New York Post, the city is planning to make an East Harlem location the first store at a cost of $30 million. It will be located in La Marqueta near Park Avenue. It...