No SAVE Act? Congress Still Holds The Trump Card

Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply Authored by Tsvetana Paraskova via OilPrice.com, Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies. Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia. Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify. Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed...

US Central Command said on Wednesday that its forces attacked and disabled an Iranian-flagged oil tanker, the M/T Hasna, in the Gulf of Oman, which it claimed was attempting to bypass the US blockade of Iranian ports. CENTCOM said that after issuing warnings to the ship, a US Navy F/A-18 fighter jet launched from the aircraft carrier […]

Whatever You Do, Don't Ignore Friday's Selloff Submitted by QTR's Fringe Finance By 1PM Friday, the Nasdaq was already down roughly 3.3%, and suddenly the same crowd that spent the last few months explaining why valuations don’t matter is asking what is happening. Bitcoin has also been taken behind the woodshed, crashing to around $60,000. Depending on where you’re measuring from, that’s a brutal decline in a remarkably short period of time. It’s down about 42% over the last twelve months. And it’s becoming clear that bitcoin bulls all have breaking points. And I...