Gulf Oil Is Available Again, But Asian Refiners Balk At Soaring Tanker Rates

UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing. And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)... Both Current Conditions and the Expectations Index also rebounded with the former outperforming... Consumer sentiment confirmed its early-month reading, rising about 10%...

Wisconsin Supreme Court Strikes Down Race-Based Scholarships As Unconstitutional Authored by Jonathan Turley, The Wisconsin Supreme Court struck down a state-funded scholarship program that awarded financial aid based on the race of college students. The Democrat-controlled court followed the precedent laid out by the United States Supreme Court in finding that Gov. Tony Evers and the state were violating the Equal Protection Clause of the United States Constitution. Two of the most liberal justices, however, wrote a concurrence denouncing the bar on the use of race for such scholarships. If Democrats are...

Strongest El Nino In 75 Years Sets Off Food Supply-Chain Alarm Bells The US Climate Prediction Center has warned that the weather phenomenon El Niño, which only recently emerged across the Pacific, could become the most powerful in more than 75 years. This raises the risk of adverse weather conditions across the US, Asia, Australia, and South America. The stronger the weather event becomes, the greater the threat to critical food supply chains, which are already vulnerable to drought, flooding, export restrictions, and rising protectionism. The CPC, a NOAA/National Weather...