US Private Credit Default Rate Remains At Record High: Fitch

Trump's Blockade Is Breaking Iran... And European Elites Are Angry Authored by Brandon Smith via Alt-Market.us In March I published an article titled “Global Energy Crisis Or Iranian Surrender In Five Weeks?” in which I outlined the “worst case” and “best case” scenarios for the war in Iran. In my best case scenario I argued in favor of a specific plan to end the conflict quickly: A US naval blockade of the Strait of Hormuz, flipping the tables on Iran by blocking or seizing any oil tankers or gas tankers which...

Oil Prices Hold Gains As Gasoline Stocks Hit 12 Year Lows, Cushing 'Tank Bottoms' Loom Brent crude prices are rising back toward $100 per barrel this morning following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire Prices rose after the U.S. military said Iran fired missiles toward Kuwait and Bahrain, which failed to hit their targets. The United States said it then struck an Iranian military ground control station on an island in the Strait of Hormuz.   API: Crude: -6.8MM Cushing: -279k Gasoline: +3.5M Distillate: -214k DOE: Crude: -7.97mm - biggest draw since Feb Cushing: -583k Gasoline: +3.36mm -...