We the Victims: Who Pays When the Government Weaponizes Its Power?

Tune In To Tonight's Fertilizer Debate: How Bad Will It Get? As we covered earlier this week, Goldman Sachs analysts now say the fertilizer disruption is larger than expected, with nitrogen markets taking the brunt. Urea prices have risen 50% to 70% since the conflict began. Goldman’s Duffy Fischer wrote that “nitrogen fertilizer is the most impacted chemical chain,” adding that the scale of disruption is “greater than we originally expected.” And signs of improvement have yet to reveal themselves… As the U.S.–Iran conflict enters its seventh week, ZeroHedge, in partnership with...

OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.  Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...

Oil Tumbles After Reported Final Draft Of US-Iran Agreement Reached, But Nuclear Issue Absent Summary AI Arabiya TV obtains what it describes as final draft of US-lran agreement, oil tumbles. Reuters reported that Ayatollah ordered that stockpile of uranium enriched to 60% remain strictly inside Iranian territory. Some Iranian officials then denied report to Al Jazeera. WH says make a deal or else... "they can face a punishment from our military the likes of which has not been seen in modern history." US Intelligence says Iran has reconstitute drone program, defense industrial base, "faster...