US, Israel Insist Iran Ceasefire Doesn't Apply In Lebanon, Which Suffers Huge Airstrikes

Massive Gas Pipeline Blast Rocks Damascus Suburbs - 2nd Suspected Sabotage This Week A huge explosion has rocked a Damascus suburb area on Wednesday evening (local), in what could be the second act of suspected sabotage against natural gas infrastructure in just a few days. "A gas pipeline exploded Wednesday near the Tishreen power station in Syria’s Eastern Ghouta area in the Damascus countryside," Alikhbariah TV reported. According to more per regional sources, "It said the loud blast heard in Eastern Ghouta was caused by the pipeline explosion near the power station." Unconfirmed...

Three US officials speaking with Axios claimed that President Donald Trump does not plan to have an open-ended ceasefire with Iran, and is planning to give Tehran under a week to present a proposal to Washington.  “Trump is willing to give another three to five days of ceasefire to allow the Iranians to get their […]

Record Tanker Rates Leave Heavy Crude Stranded In The Americas Authored by Irina Slav via OilPrice.com, Record tanker rates are creating a heavy crude glut in the Americas, pushing Canadian, Colombian, and Ecuadorian crude prices down roughly $10 per barrel. Shipping costs have surged to $40 per barrel, making American heavy crude increasingly uneconomical for Asian and European refiners. The global diesel crunch is set to persist, as tanker shortages prevent heavy crude from reaching markets where demand remains strong. The Middle East crisis has driven tanker rates to all-time highs and...