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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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May 31, 2026 / Dave DeCamp
US Says It Fired Hellfire Missile at Cargo Ship Attempting To Reach Iran
US Central Command said on Saturday that its forces fired a Hellfire missile at a Gambia-flagged commercial vessel to prevent it from reaching an Iranian port as the US continues to attack civilian ships in its enforcement of a blockade on Iran. “US Central Command (CENTCOM) forces observed M/V Lian Star transiting international waters toward […]
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Oct 7, 2026 / Kurt Nimmo
Trump’s Fact-free Diatribe on the Price of Oil
Another day and another fact-free diatribe by the president of the United States. Trump went on his Truth Social (where truth is a rare commodity) and said Democrats have closed down the nation’s refinery capacity, and this is the reason diesel and gas prices are skyrocketing. Here’s what Trump didn’t tell you: recent closures were corporate […]
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Jun 8, 2026 / Tyler Durden
Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years
Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years
Before we look at the Fed, let's take another quick look at the rollercoaster of the past trading session: a hawkish Fed repricing after the payrolls report triggered a sharp US equity sell-off on Friday with the S&P 500 falling -2.64% (2.59% on the week), its worst day of the year so far, snapping a run of nine consecutive weekly gains. Tech led the declines, not helped by Broadcom’s softer earnings earlier in the...
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