Trump Says ‘New’ Iranian President Requested Ceasefire, Tehran Denies Claim

The Board of Peace’s High Commissioner Nickolay Mladenov warned Israel that continuing to attack Gaza is extending the conditions that caused Hamas to attack on October 7, 2023. “These strikes do not change the status quo that produced 7 October 2023. They preserve it.” Mladenov told the UN Security Council on Wednesday.  “Will another strike […]

"Damage Done Already" - Oil May Take Year To Normalize: Adam Parker Last night’s ZeroHedge debate featured the cautiously bullish Adam Parker, former Morgan Stanley chief equity strategist who now runs Trivariate, and bearish money manager Michael Pento, hosted by Adam Taggart of Thoughtful Money. While Parker is largely optimistic about equities, he put forth a gloomy prediction on gas prices, based on what he is hearing as a consensus on Wall Street. Namely that prices will remain high for at least a year even if Hormuz were to open today. His...

QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes The already dismal LNG supply situation just got worse. With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of ⁠its long-term liquefied natural gas (LNG) supply contracts, including ‌for customers ⁠in Italy, Belgium, South Korea ⁠and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg. The move on...