Rubio Claims the US Is Now Engaged in a ‘Defensive Operation’ Against Iran

Jet-Fuel Price Shock Hits Airlines As Raymond James Cuts Estimate Across Coverage, Warns Of JetBlue Bankruptcy Risk As we've told readers, and as former Goldman commodities guru Jeff Currie explained last week, the energy crisis is not necessarily in Brent or WTI supplies, but in refined-product markets, given the diesel crack spread's jump above $100 a barrel last week. Early Monday, the spread was trading around $94. The secondary effects of a global refined-products crisis are beginning to hit airline earnings, according to Raymond James analyst Savanthi Syth, who wrote in...

Trump Posts Article Laying Out: "Here's How To Crush Tehran In Three Moves" President Trump on Thursday posted to Truth Social a New York Post article which was first published over two weeks ago, on May 1st, with the headline "Here's how to crush Tehran in three moves." Trump's new social media post, issued without additional comment, comes just after news of Iranian Supreme Leader Mojtaba Khamenei having drawn a hard line in the sand, ordering that Iran's stockpile of uranium enriched to 60% remain strictly inside Iranian territory. So now the...

Libya Threatens Force Majeure As Oil Guards Shut Fields By Julianne Geiger, of OilPrice.com Libya’s National Oil Corporation is threatening to declare force majeure after members of the security force assigned to protect the country’s oil infrastructure shut a pipeline valve and halted production at two fields. Production has stopped completely at the Hamada and Tahara oilfields and at a pumping station after members of the Petroleum Facilities Guard closed a valve on the main Hamada-Zawiya crude pipeline, NOC said Tuesday. The shutdown could spread. The Petroleum Facilities Guard said it would impose partial...