Logic, Logistics, And At Least Another 10 Days...

As war drums beat again, this time against Iran, we ask ourselves if recklessness from Donald Trump and European and Israeli leaders is pushing us to catastrophe.

Oil Jumps After Israel Strikes Military Targets In Iran, Ignoring Trump Pleas Not To "Strike Back" Summary Despite Trump's pleading to Netanyahu not to respond, Israel launched missiles at Iran striking military targets inside the country.  Iran fires missiles on Israel, after IDF unleashed deadly airstrike on Beirut earlier Sunday. Despite Trump saying on Sunday that he would tell Israeli Prime Minister Benjamin Netanyahu not to strike ​back, an Israeli official warned that "There will be a forceful response." Sunday is day 100 since President Trump launched Operation Epic Fury. Ghalibaf warns after IDF escalation in Lebanon: US...

UBS Warns Of "Scary" Oil Price Scenarios Once Inventory Buffers Run Dry Drawing down crude inventories at a record pace, with SPR releases doing the heavy lifting to cushion the Gulf supply shock, only delays the move higher in crude oil prices. Once those buffers are depleted, oil risks being violently repriced higher. That is why the Trump administration's race to secure a peace deal with Iran and reopen the Hormuz chokepoint has taken on new urgency in recent weeks. The longer the critical waterway remains disrupted, the greater the risk...