"Price Collapse" Hits Memory Sticks As Hoarded Inventory Floods Market After Google's DeepSeek Moment

US Crude Stockpile Hits Highest Since June 2024, Exports Surge Oil prices are ripping higher this morning (rebounding aggressively of overnight lows) after US and Israel attacked upstream Iranian energy assets for the first time since the war (While the US struck oil export hub Kharg Island late last week, it limited that attack to military targets began). Iran’s IRGC responded by publishing a list of Gulf energy sites in Saudi Arabia, the United Arab Emirates and Qatar that “have become direct and legitimate targets” following the attack on South Pars, the...

Trump Cites Progress In Dealing With 'More Reasonable Regime' - While Mulling Ground Operation To Seize Uranium Summary Iran rejects 'excessive, illogical' US demands while Trump mentions 'progress' with a 'more reasonable regime'. Trump again threatens to destroy Iran energy sites and Kharg Island. White House seriously considering ground operation to seize Iran's enriched uranium stockpile but also wants Tehran to negotiate handing it over willingly. Bazan oil refinery in Israel's northern city of Haifa is on fire after a second apparent Iranian missile strike of the war. Iran accuses Israel of more 'false flags' - after Kuwait...

"It seems that victory for this aggressive tag team requires not only regime change in Iran, but replacing the regime with new leaders who are subservient to Israeli and American wishes."