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Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave
Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave
Building on our earlier "Global Demand Destruction" note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks.
Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure, as tanker flows through the Strait...
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Feb 26, 2026 / Tyler Durden
One Battle After Another
One Battle After Another
By Michael Every of Rabobank
One Battle After Another
US and Iranian negotiators meet in Geneva today to hear Tehran’s final offer but reports of what they have to say suggests we should prepare for the worst even if Iran sees a “good outlook” for today’s talks. The Kan news agency claims it will only agree to lower uranium enrichment from 60% to 3.67% for seven years, won’t hand over previously enriched material, dismantle the ballistic missile program President Trump just stated can already hit Europe and will...
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Mar 31, 2026 / Tyler Durden
Rubio Issues Veiled Threat After France, Italy Are Latest NATO Allies To Block US Military Flights For Iran War
Rubio Issues Veiled Threat After France, Italy Are Latest NATO Allies To Block US Military Flights For Iran War
Update(1320ET): We detailed earlier that more and more EU and NATO countries are moving to block US military flights operating in Iran. This includes Spain, Switzerland, Italy and now France.
Secretary of State Marco Rubio has declared "without the United States there is no NATO." In a fresh Al Jazeera interview Rubio appeared to issue a veiled threat, suggesting the US could pull the tens of thousands of troops which 'defend Europe' out of...
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Feb 26, 2026 / Dave DeCamp
House To Vote on Iran War Powers Next Week as Trump Has US on Brink of a Major Conflict
Democrats in the House and Senate vowed on Thursday that they will hold a vote next week on War Powers Resolutions aimed at blocking President Trump from launching an attack on Iran without congressional authorization, as required by the US Constitution. Contact your representatives in the House and tell them to support H.Con.Res. 38 to prevent […]
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