Global Jet Fuel Exports Hit 10-Year Seasonal Low in April

Iran Conflict Drives Surge In China EV Demand A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged past $100 a barrel amid fears of disruption to energy supplies, particularly through the Strait of Hormuz. US President Donald Trump escalated tensions by warning he would “obliterate” Iran’s power plants if shipping...

Factory Orders Rebound Strongly in July Despite Manufacturing PMIs sliding, US Factory orders were expected to rebound from a two-month decline in July (the latest data reported today) and rebound they did, rising 0.9% MoM (more than the expected 0.7% increase) with June's 0.3% decline revised up to a 0.2% decline... That is the best monthly rise since April, lifting orders up 9.9% YoY - the second best annual gain since Oct 2022! Core Factory orders rose 0.6% MoM (significantly better than the expected 0.4% rise)... That is the 8th rise in Core...

Has Trump Turned The Tables On Iran - Or Is Another Round Of War Coming? Authored by Trita Parsi via Antiwar.com, reprinted with permission from Trita Parsi's Substack. The Trump administration believes it has turned the tables on Iran. Washington assesses that the rerouting of maritime traffic through the Omani corridor, combined with a global shift away from Persian Gulf oil, has reduced the effectiveness of Tehran's closure of the Strait of Hormuz. At the same time, the U.S. blockade has sharply constrained Iran's ability to sell its oil. The result,...