Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus

Futures Storm Higher Into Record Territory On Now Daily Ceasefire Hopium Stocks are pushing higher again on the same old regurgitated news: namely speculation that a deal to end the war between the US and Iran is getting closer, the same exact "speculation" that has pushed the Nasdaq higher for what will now be 13 days in a row, and the same speculation that may keep pushing stocks even higher until the reality of no ceasefire sends risk plunging in a few days. For now however, it is sufficient to lift markets thanks...

Oil Nears War-Highs As Iran-Israel Strikes Intensify After Trump Speech Set No Off-Ramp Timeline Summary Oil prices surge after no mention of ceasefire while vowing to keep hitting Iran 'extremely hard' in Wed. night Trump speech. Surge in tit-for-tat overnight strikes. US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT Highest bridge in Iran, connecting Tehran and Karaj, destroyed - amid reports of expanding attacks on civilian infrastructure UK's Starmer chairs virtual summit of over 30 countries...

Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security Authored by Jacob Burg via The Epoch Times, Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California. Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release. “The Trump Administration remains...