Kuwait Declares Force Majeure As US Seizure Of Iranian Ship Escalates Tensions

Is the US riding an “everything bubble” to the next crisis? Mark Thornton joins Paul Buitink to diagnose the dollar, the debt, and the Fed’s distortion machine.

U.S. Waives Jones Act After Iran Gas Field Attack Shortly after Israeli fighter jets struck Iran's upstream oil and natural gas production assets for the first time in Operation Epic Fury, sending WTI futures to $98.5/bbl, the Trump administration appears to have pulled another emergency lever from JPMorgan's six-option playbook we recently outlined: a 60-day Jones Act waiver that allows foreign-flagged ships to transport oil, gas, refined products, fertilizer, and related energy cargoes between US ports to boost domestic energy flows and ensure shipping capacity does not become a bottleneck. Bloomberg...

Iran Says It Busted Up Over 100 'Pro-Monarchist Cells' Working With US, Israel Iranian authorities have newly announced hundreds more arrests across the country, describing that anti-government "pro-monarchy cells" and "traitors" have been exposed and caught.  Tehran officials have touted busting up more than 100 of these alleged cells in 26 of Iran's 31 provinces in a major overnight security operation, describing that these groups were aligned with US and Israeli interests. Security forces from the Intelligence Ministry "have identified and arrested 111 monarchist cells across 26 provinces before they could take action...