The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth

Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels If it was indeed Trump's intention to starve Iran's economy of oil export revenue, the plan may just be working: Iran's oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barrels stranded at sea. According to shipping data from Vortexa, Iran exported just 209,000 barrels per day of crude...

Bessent Examining Use Of Frozen Iranian Assets To Help Gulf Countries Rebuild Treasury Secretary Scott Bessent is reportedly pursuing a pathway to repurpose Iranian assets to compensate Amerca's Gulf allies which have suffered significant damage due to Iran's attacks in the wake of Trump's Operation Epic Fury. Over eighty oil, gas, and vital infrastructure facilities across the Gulf have been hit - with most of the attacks having occurred in March and April - with one recent report estimating up to $58 billion in damage. Iran has sought to justify these...

Them's Fightin' Words By Benjamin Picton, Rabobank Senior Market Strategist Resigned Brent crude front-month futures are inching higher this morning after ending May down almost 20%. The May selloff has been courtesy of Mr Market’s Pavlovian response to fresh peace rumours, though it still remains the case that a deal has not been done and the Strait of Hormuz remains closed. US equity indices closed higher across the board on Friday, but Asian stocks are mixed in early trade today. The S&P500 has now had nine-consecutive positive weekly closes and is sitting at...