Luke Gromen on the Strait of Hormuz and Supply Chain Collapse

Massive Oil Slick Spotted Off Iran's Kharg Island, Cause Unknown  An apparent large oil spill spanning dozens of square miles of sea has been spotted off of Iran's main oil hub of Kharg Island, according to open source satellite imagery and reporting in both the NY Times and Reuters on Friday. The reports cite images from Copernicus's Sentinel-1, Sentinel-2, and Sentinel-3 satellites taken from monitoring May 6 through 8 which show a huge grey-and-white slick extending out to the west of Kharg Island. Image source: Soar "The slick appears visually consistent with oil," said Leon Moreland,...

What's So Great About Diversity? Authored by DSr. James Allan via DailySceptic.org, ‘Diversity is our strength.’ One hears this, or myriad variants of the same idea, unrelentingly. Certainly I work in an Australian university where the extent of higher-ups pushing this notion does indeed qualify as unrelenting, even matching totalitarian state levels of propaganda. But even outside the hallowed halls of impartial, politically balanced academia (did I write that with a straight face?) the mantra or cliché that diversity somehow delivers a stronger balance sheet or a more cohesive society or...

Futures Flat Ahead Of CPI, Ceasefire Negotiations US equity futures are flat, recovering from an earlier drop, and set to extend a seven-day rally, the longest since October, as investors looked to talks between the US and Iran for signs a fragile truce can hold while bracing for a big jump in today's CPI report (full preview here). As of 8:00am ET, S&P futures were up 0.1%,on track for their biggest weekly advance in almost a year. Nasdaq futures rose 0.2%, its winning streak is the longest since September,  led once...