US Military Notice Says US Blockade on Iranian Ports Is Still in Effect, Contradicting Trump

China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil A little over a month ago, we explained that energy traders are "Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports", and highlighted how already razor-thin independent refiner (teapot) margins had plunged to record negative as a result of the war in Iran and government policies meant to keep prices from rising. Fast forward to today when the previously discussed dynamics have gotten progressively worse, and this morning Bloomnberg writes that...

Medvedev: Russia Must Instill 'Animal Fear' In EU Warmongers As Goodwill Measures Futile Head of the Russian Security Council and former president, Dmitry Medvedev, has penned an article ahead of the 81st anniversary of Soviet victory over Nazi Germany, or Russia's V-Day, lambasting Europe's new path of reckless militarization. As widely featured in state media, he argued that the "animal fear" of unacceptable losses will prevent Germany and the wider "United Europe" from launching another attack against Russia. He wrote, "It is no secret that an attempt is being made to impose on us...

Dave Smith: "Israel Is On The Ballot And Israel Is About To Deliver Us Socialism" Last night’s debate on the Iran war brought together Alan Dershowitz and libertarian Dave Smith for a wide-ranging clash over Iran, Israel, and … you guessed it: Antisemitism!  Dershowitz defended the case for confronting Iran while calling Smith a racist, bigot, and an important part of the “2000 year history” of antisemitism. Smith made a few jabs back while arguing the Iran war is the worst decision in modern U.S. history. Dersh maintained that he is...