Article
"Early Signs Of A Turn In US Consumer Discretionary," UBS Says
"Early Signs Of A Turn In US Consumer Discretionary," UBS Says
Brent crude futures tumbled below the $80-per-barrel level earlier this morning for the first time since March as traders priced in the U.S.-Iran peace deal and the expected reopening of the Strait of Hormuz maritime chokepoint on Friday. Goldman Sachs and RBC Capital Markets both slashed their fourth-quarter Brent crude forecasts, reinforcing the view that the war-risk premium is rapidly deflating.
If oil has peaked, then inflation pressures may have peaked as well, a positive setup that could provide some...
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Jul 13, 2026 / Tyler Durden
Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge
Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge
Summary
Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit.
Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf.
Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection.
Oil prices climb: on rising risk to global shipping & energy markets, as diplomacy clearly unraveling.
Strait of Hormuz...
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Aug 13, 2026 / Tyler Durden
Former SPLC Exec Arrested: Accused Of Funneling Donor Money To KKK, Neo-Nazi Informants
Former SPLC Exec Arrested: Accused Of Funneling Donor Money To KKK, Neo-Nazi Informants
Southern Poverty Law Center (SPLC) executive Heidi Beirich was arrested in California on Wednesday under a superseding indictment in the Justice Department's ongoing case against the organization, according to a CNN report confirmed by federal officials.
Heidi Beirich. What even...
Beirich, who directed the Southern Poverty Law Center's Intelligence Project until 2019, faces three counts: conspiracy to commit wire fraud, conspiracy to submit false statements to a federally insured bank, and conspiracy to conceal money laundering. She was expected to...
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Apr 2, 2026 / Tyler Durden
Colonial Restarts Largest U.S. Gasoline Pipeline After Georgia Damage
Colonial Restarts Largest U.S. Gasoline Pipeline After Georgia Damage
Summary:
Colonial Pipeline's Line 1 flows were restored after the damaged section was repaired in Georgia.
Colonial Pipeline's Line 1 halted operations on Thursday night after a third-party work crew caused damage in Paulding County, Georgia.
Colonial Pipeline's Line 1 Flows Restart
The good news for U.S. East Coast drivers is that Colonial Pipeline's Line 1 did not suffer a prolonged shutdown.
Flows on the nation's largest gasoline pipeline, which runs from Texas to New York, resumed within hours after a third-party work crew damaged...
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