Apple Wants To Buy Memory From China As Soaring Chip Prices Spark Inflation Shock

Key Russian Baltic Oil Port Of Primorsk Resumes Loading After Ukraine Attack Russia’s top oil port in the Baltic Sea, Primorsk, resumed loading days after it came under attack from Ukrainian drones, although Bloomberg notes that the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents. Ukraine attacked Russia’s largest oil port in the Baltic Sea to prevent it from benefiting from rising oil prices: about 60% of Russia’s maritime oil exports pass through the port of Primorsk. pic.twitter.com/M2ghU0o6i1 — Open Source Intel (@Osint613)...

Peacefire By Michael Every of Rabobank Welcome to the ‘peacefire’. After Israel and Iran were pulled back from the brink of new war by Trump on Monday, Wednesday morning Asia time saw him then strike Iran, and it fire at US bases in the Gulf, in response to Tehran downing a US Apache helicopter. It appears the US hit radar and missile/drone facilities around and in the Strait of Hormuz while Iran didn’t hit anything due to its missiles being intercepted. Looking at the areas the US struck in Iran last night,...

Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Energy flows through the Strait of Hormuz are beginning to restart on Thursday after the interim U.S.-Iran peace deal, with several Saudi-controlled supertankers transiting the critical waterway and exiting the Persian Gulf. There is a massive backlog of crude and LNG tankers in the Persian Gulf, preparing to exit the Hormuz chokepoint bound for Asia. Bloomberg says 31 supertankers, carrying about 62 million barrels of crude, could soon exit.   The actual number of crude...