House Passes Iran War Powers Resolution

Crude Stocks Rise 3.5 Million, Highest Since May 2025 With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.  The DOE reported the following weekly changes: Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025 Gasoline -1.704MM, down to the lowest since Jan 9, 2026 Distillates +429K, biggest increase since Jan 2026 Cushing +1.6MM, rising to the highest...

Early Returns Show Surprises In California As Other States Wrap Up Update (0030ET): Voters in six states went to the polls today for key primaries. While many races followed expectations, California delivered notable early drama with slow-counting mail ballots still to come. California Governor (Top-Two Primary) The race to replace term-limited Gov. Gavin Newsom remains the biggest story. In a crowded nonpartisan jungle primary, early returns (approx. 45-50% counted) show: Steve Hilton (R) leading at ~26.7% Xavier Becerra (D) close behind at ~25.8% Tom Steyer (D) trailing at ~19.6% Chad Bianco (R) is further back. If trends...

USS Ford Carrier Returns To Mideast After Extensive Fire Repairs Over the weekend it was confirmed by Pentagon statements that the USS Gerald R. Ford aircraft carrier strike group has belatedly redeployed to the Middle East after a month in port for repairs following a fire aboard the ship. The world's largest aircraft carrier returned to operations after what's been officially described as a blaze in its laundry area, which headlines have presented as accidental. The incident injured sailors and forced significant maintenance work, and ever since it happened on March...