The Appearance Of 'Action': Britain's Navy Docked At Gateway To Mediterranean For Hormuz Mission

WTI Holds Losses As Crude Production Hits Record High, SPR/Cushing Near 'Tank Bottoms' Distillates have gone vertical again and physical markets remain incredibly tight, according to Goldman's Rich Privorotsky. Saudi’s East-West pipeline disruption forced the suspension of Yanbu loadings and cancellation of some European cargoes, with European physical crude trading north of $130 in places yesterday. Despite all that, there are reports of more visible signs of cargoes moving through the Strait. "Iraq's seaborne crude oil exports from its southern Gulf terminals averaged 3.16 million barrels/day in the first 10 days of September,...

Germany's "Two-Speed Europe" Proposal Is The EU's Adaptation To Great Power Geopolitics Authored by Andrew Korybko via Substack, German Finance Minister Lars Klingbeil recently declared that “Now is the time for a two-speed Europe. Germany, together with France and other partners, will therefore now take the lead in making Europe stronger and more independent. As the six biggest economies in Europe, we can now be the driving force.” Apart from those two, this exclusive tier will also include Italy, Spain, the Netherlands, and Poland. The goal is to optimize decision-making by...

Camp David Clash: Trump Hammered Hegseth For Misleading Him On Arms Supply, WaPo Reports Following reports that US forces have "used up virtually all" of their precision, long-range missiles in futile attempts to first trigger an Iranian regime change and then to compel Iran to open the Strait of Hormuz, now comes reporting that an angry President Trump confronted Defense Secretary Pete Hegseth in recent days, accusing the Pentagon of misleading him on critical munitions shortages that leave Trump increasingly powerless in the five-month-old fiasco of a war.  According to sources cited...