Luke Gromen on the Strait of Hormuz and Supply Chain Collapse

One Man's Manifesto - In Defense Of 250 Authored by John Gallo, In hindsight I should have known better, but sometimes a conversation that seems harmless at the time lingers long after it is over. Last November I was in San Sebastian in Northern Spain enjoying food and a beer at a local bar. As I was finishing my food, I overheard a young American woman a few feet from me speaking with her friend explaining, "You know he's going to run again. He's definitely running again." It was clear she...

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...

AI is not the killer—it is the coroner.