Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN

Mossad Chief Declares Mission In Iran Not Over Until Regime Falls A two-week Iran-US-Israel ceasefire is still in effect despite the collapse of last weekend's Islamabad talks, where the big hang up was fierce disagreement over Iran's nuclear development. The clock is ticking amid efforts to hold more direct talks by the end of this week. What's unlikely to help things move along is a fresh statement from Mossad Director David Barnea. While speaking at a Holocaust Remembrance Day ceremony in Jerusalem on Tuesday, he boasted that Mossad assets have been operating from...

Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg.  The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last year’s ¥3.8 trillion. The company said supply chain disruptions are driving up costs for aluminum, resins, and other materials, while logistics issues remain unpredictable. Toyota estimates the regional...

The End Of Oil Volatility As A Weapon Authored by Tom Luongo via Gold, Goats, 'n Guns blog, This is the only chart that matters right now…not borrowing costs (@lukegromen). It’s the weekly chart of Brent Crude. I’ve been telling my patrons for three weeks in the Market Reports that the Brent Crude chart has all the earmarks of a market being manipulated UP to support a narrative… That narrative is Donald Trump is a madman who broke the world and is losing in Iran. Look at the chart carefully, you see big gaps between weekly...