Vance Questions Pentagon’s Assessment of Iran War

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...

Trump Says 'A Little More Time' Needed To Open Hormuz, 'Take The Oil & Make A Fortune' - As Israel Hit Hard During Passover Summary Trump: US needs "a little more time" to reopen the Strait of Hormuz, while floating the prospect of seizing oil amid potential island or ground campaign Iran and Hezbollah fire 140+ rockets during Jewish Passover, with sustained barrages hitting Israel French-owned vessel becomes first Western-linked/European ship to transit Hormuz since war began, signaling a tentative thaw after weeks of near-total shipping freeze Iran targets Gulf infrastructure, including a Kuwaiti...

Ex-NYC Mayor de Blasio Joins China-Linked Far-Left Group At Anti-U.S. "Emergency Meeting" In Colombia The New York Post reports that former New York City Mayor Bill de Blasio secretly traveled with his girlfriend and a far-left activist group, alleged to have links to the Chinese Communist Party, to attend an "emergency" meeting denouncing the U.S. It's a 180-degree turn for the former Democratic mayor of NYC, long a symbol of American capitalism, even as the image of the metro area deteriorates under Zohran Mamdani's socialist rule. Source: New York Post  A source...