Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes

US Signals Allies 'No Immediate Plans' For Ground Invasion, As Iran Warns 'Heavy Price' To Pay For Nuclear & Steel Plant Attacks Summary US signals to allies no ground invasion coming, with thousands of troops still en route: Iran denies requesting Donald Trump’s 10-day halt; Israel attacks steel & industrial sites. Also, Khondab Heavy Water Research Reactor, part of the Arak Nuclear Complex, targeted. Yellow Cake factory in Yazd province hit. Escalation on all fronts: IRGC HQ targeted by US-Israsel; Iran signals expansion by naming UAE targets, hitting Kuwait ports and sending drones...

The Qatari Prime Minister said that Gulf Arab states are speaking with Iran about developing a new regional security framework. The Gulf Arab states, which host US military bases, became targets of Iranian missiles during the war.  “Part of what we are doing now, as regional countries, is to create this regional security framework between […]

Fill 'er Up: Record Armada Of Tankers Bound For US Gulf To Load Oil An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages. As Alton Wallace writes at The Center Square, second-term Republican President Donald Trump said Saturday on social media that “massive numbers” of “completely empty” oil tankers are en route to the United States to purchase American energy. “Foreign buyers are voting with their ships: American energy means stability, strength,...