Andurand's "Hedge" Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets

Iran Seizes Two Ships In Hormuz Chokepoint As Tehran Received 'Some Signs' U.S. Ready To End Blockade The semi-official news agency Fars reports on X that Iran's Islamic Revolutionary Guard Corps seized the MSC Francesca and a Greek-owned ship named Euphoria, which had been attempting to transit the Hormuz chokepoint earlier today. In total, three ships were targeted this morning by IRGC naval forces, and two were seized. "The IRGC Navy seized two violating vessels and transferred them to Iran's coast. IRGC Navy Command: Disruption of order and safety in the...

Major Israeli PAC Flips: Tel Aviv Should Pay Out-Of-Pocket If It Wants US Weapons via Middle East Eye The pro-Israel advocacy group J Street is now calling for an end to "direct" US military support to Israel, per a new policy document published this week. The group had previously backed Washington's continued provision of defensive weapons systems, such as the replenishment of Israel's Iron Dome, at no cost to Israelis.  Now, it says the US "should continue to sell" short-range air and ballistic missile defense capabilities to Israel, but Israel should use its own money to...

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...