Race To Refill U.S. Weapons Stockpiles Will Supercharge War Economy

The head of Iran’s Supreme National Security Council said on Sunday that the US response to an Iranian proposal to end the conflict was “inadequate,” as there’s still no sign of progress in recent indirect talks between the two sides. Mohsen Rezaei told Iran’s PressTV that Iran had presented the US with seven conditions, and […]

WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump's 'ceasefire extension' after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning's inventory/supply data from DOE will provide some color on how the API Crude -4.5mm Cushing +700k Gasoline -5.2mm Distillates -4.6mm DOE Crude +1.925mm Cushing +806k Gasoline -4.57mm - 10th weekly draw in a row Distillates -3.43mm - 4th weekly draw in a row Crude stocks unexpectedly saw a build last week...

Secretary of State Marco Rubio said that Washington is questioning its involvement in the North Atlantic Alliance after some members of the bloc refused to allow the US to use their bases to attack Iran.  “One of the reasons I’ve been a strong supporter of our presence in NATO is because it allows us these […]