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"Optimism Has Picked Up": Retail Operators See Consumer Relief After Gas Prices Tumble
"Optimism Has Picked Up": Retail Operators See Consumer Relief After Gas Prices Tumble
As soon as the national average for 87-octane gasoline at the pump dipped below the politically sensitive $4-a-gallon level early last week, we observed multiple institutional desks begin to forecast that the light at the end of the tunnel was beginning to materialize for consumers, especially working-class households that have been financially battered by surging fuel prices over the past several months.
UBS analyst Mark Paski told clients about "early signs of a turn in U.S. consumer discretionary."
Then,...
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Jun 18, 2026 / Tyler Durden
Massive Ukrainian Drone Swarm Attack On Moscow Hits Refinery
Massive Ukrainian Drone Swarm Attack On Moscow Hits Refinery
While attention this week has been fixed on the lower part of Eurasia, where the U.S. and Iran have finally signed an interim peace deal to reopen the Strait of Hormuz and begin normalizing tanker flows through the critical waterway, the other major conflict area in Eurasia is flashing new warning signs.
Overnight developments in the Russia-Ukraine war suggest the fighting continues to grind on with no near-term off-ramp, as critical energy infrastructure remains in the crosshairs.
Bloomberg reports that Ukraine launched...
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May 16, 2026 / Tyler Durden
Persian Gulf Countries 'Refused' UAE Call For Joint Attack On Iran
Persian Gulf Countries 'Refused' UAE Call For Joint Attack On Iran
Via The Cradle
The UAE tried but failed to persuade neighboring states, including Saudi Arabia and Qatar, to take part in a coordinated military attack on Iran, Bloomberg reported Friday, citing sources familiar with the matter.
UAE President Mohammed bin Zayed (MbZ) spoke by phone with Saudi Crown Prince Mohammed bin Salman (MbS) and other regional leaders to propose the coordinated attacks, shortly after the US and Israel launched the war on Iran on February 28, the sources said.
During the calls, MbZ argued that...
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Apr 14, 2026 / Kyle Anzalone
Trump Administration Will Resume Enforcing Sanctions on Iranian Oil
The White House will allow the waiver on Iranian oil sanctions to expire on Sunday. The US granted sanctions waivers for Russian, Iranian, and Venezuelan oil after starting a war against Iran in an effort to keep energy prices from spiking. Two US officials speaking with Reuters said that the White House is not planning […]
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