The Too-Long Goodbye

The Question This Week Is "Does Trump Go Back To The Well On Bombing Iran?" By Benjamin Picton, Senior Market Strategist at Rabobank Hormuz diary, day 79. The strait remains functionally closed and global crude and refined product stocks are rapidly drawing down. President Trump has returned from Beijing after much bonhomie with no concrete commitments from China to help get shipping moving again, though the American side has claimed that China wants the strait to re-open with no tolls imposed and has committed to buy at least $17bn of US...

The Iranian Foreign Minister downplayed reports that suggest Tehran and Washington are nearing an agreement to end the war. He said the diplomatic process is ongoing.  In an interview with a semi-official news agency, Iran’s Foreign Minister Abbas Araghchi said reports about a deal between the US and Iran “should not be given any importance.” […]

MP Materials' Lawsuit Against USA Rare Earth Highlights Battle For America's Future In Minerals USA Rare Earth has dismissed a lawsuit filed by MP Materials, calling the claims "completely without merit" and arguing the case is an attempt to slow its growth. The company said it will deny all allegations that it improperly obtained confidential information from a former MP employee, according to Bloomberg. The dispute underscores intensifying competition in the U.S. rare-earth sector, where both companies are racing to build domestic mining, processing, and magnet-production capabilities. USA Rare Earth said...