StarCloud CEO Says Starship Gives SpaceX Launch Monopoly For Near Decade

Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is already showing up in the fuels people actually buy. As OilPrice reports, "Nobody on the planet earth consumes crude oil,” Currie told CNBC. Refineries do. Everyone else consumes gasoline, diesel and jet fuel, and those markets look considerably uglier. European diesel was trading around $170 per barrel during the interview, Currie said, almost twice Brent’s current...

Hormuz Paralyzed: Another Tanker Hit, Floating Parking Lot Of Ships Swells Update (1555ET): The latest Automatic Identification System (AIS) vessel-tracking data, via Bloomberg, shows that tanker traffic in the Strait of Hormuz has been paralyzed, with only a few tankers still transiting the critical maritime energy chokepoint. U.S. Central Command said in a statement on X that IRGC naval power has been severely degraded after U.S. forces and their allies eliminated eleven warships. Two days ago, the Iranian regime had 11 ships in the Gulf of Oman, today they have ZERO. The Iranian...