Tankers Seized By US Carried 20 Million Barrels Of Iranian Crude To China

US Central Command said reports that the Navy is escorting commercial ships through the Strait of Hormuz. On Tuesday, The Wall Street Journal reported speaking with US military officials who said the Navy quietly resumed the operation to escort ships through the Strait of Hormuz. Earlier this month, Trump launched Project Freedom, a military operation […]

Diesel Surges Above $8 In San Fran As Gulf Shock Exposes California's Disastrous Policies The Gulf energy shock is exposing the consequences of California’s economic mismanagement under the state’s one-party rule of Democratic kings and queens. Years of failed "green" policies, regulatory overreach, high taxes, endless environmental mandates, and heavy reliance on Asian refineries have transformed California into an energy island highly vulnerable to global fuel shocks, with San Francisco becoming the first U.S. city on Saturday to top $8 a gallon for diesel. "For the first time ever, GasBuddy...

Private Credit Bank Run Begins: Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money A week ago, in an attempt to calm the market, Goldman's economists published a lengthy, if at times disjointed, report discussing why a crisis in private credit would not lead to another financial crisis. We are about to find out if they were right.  Recall that in mid-March, while attention was understandably focused on the Iran war, we explained why Blue Owl's February decision to commence liquidations of loans in its three core private...