Kuwait Joins "Dark-Mode" Tanker Traffic Through Hormuz

Futures Jump As Dip-Buyers Return After After Iran Truce Holds Stock futures are higher, completely reversing yesterday's drop with dip-buyers out in force as a fragile ceasefire between the US and Iran held after a day of clashes and sentiment is helped by a pullback in oil prices, with Brent crude futures down 1.4% as well as the US move to return 22 Iranian crew from a seized vessel. The conflict “might need to escalate in order to de-escalate,” making any market weakness a chance to add positions in stocks, according to JPMorgan strategists who...

Japan's Refinery Utilization Hits 73% As Strategic Oil Stocks Flow In With global refineries working overtime to convert oil into much needed product, Japan's refinery utilization rates also surged in May, as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and most of April, OilPrice reported. For the first time since March, refiners in Japan have boosted their average utilization rate to above 70% in the past two weeks, data from the Petroleum Association of Japan (PAJ) showed on...

'Sense-Making Seems Impossible...' Authored by James Howard Kunstler, The Man Who Might Wreck the Country “That a government’s primary responsibility is to its citizens should not be a controversial proposition.” - Coddled Affluent Professional on X The zeitgeist is a rough beast, hard to ride as it slouches into the unknown. Our country is trying to hang on while a party of goblins vexes and needles the beast from behind, and you cannot make them stop. Sense-making gets to seem impossible. We don’t have an explanation from Senate Majority Leader John Thune as to why he will...