Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal

Minecraft, Warcraft, Statecraft Submitted by Michael Every of Rabobank While mediators are pushing to get Iran and the US back into negotiations on Friday, the US still says it wants to see unified response from Iran which hands over its enriched uranium. But what will change between now and Friday? Two things, perhaps, and both pointing towards an expected escalation before any deal. First, Axios quotes US officials that there is an unofficial 3-5 day window for Iran to get the correct unified proposal together before bombing restarts; the Israelis report Sunday...

The COVID Playbook Returns: Energy Rationing & The Politics Of Crisis Control Authored by Chris MacIntosh via Doug Casey's International Man, This recent headline from New Zealand should itself send chills down your spine… “Government reveals details of fuel crisis rationing plan – and who will be prioritized.” Anytime the pointy shoes get to decide who will and who will not get something, you must realise that you’re about to get royally screwed. The uncomfortable parallels between the Convid response and the proposed fuel rationing plan cannot be ignored. On the surface, the Fuel Response...

Key Aluminum Spread In London Hits Biggest Backwardation Since 2007 Aluminum futures in London surged to a four-year high on Monday as President Trump's Strait of Hormuz blockade, set to take effect this morning, threatened to deepen supply chain disruptions across the Gulf region. On top of that, the Gulf's largest aluminum producer declared force majeure on parts of its contract book over the weekend. Aluminum climbed 1.4% to $3,547 per ton on the London Metal Exchange as traders priced in increased shipment disruption risk ahead of President Trump's Hormuz blockade,...