Russia Hearing the European Clamor for War, Announces it is Ready

Brent Nears Iran War Highs After Trump Orders "Extended Blockade", Threatens "No More Mr. Nice Guy" Summary Trump warns Iran to "get their act together" and to "get smart" - and for the second time writes "no more Mr. Nice Guy". Brent Crude nears Iran war high of $115 per barrel & highest since June 2022. Trump in 4am Truth Social post: "Iran can't get their act together. They don't know how to sign a nonnuclear deal. They better get smart soon!" Fresh White House statement indicates communication still open with Tehran, but still says "Iran...

The US military has dramatically ramped up its bombing campaign against small boats in the waters of Latin America in recent days amid the very fragile ceasefire between the US and Iran, and as it prepares for a potential attack on Cuba. According to press releases from US Southern Command, the US has blown up […]

WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump's 'ceasefire extension' after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning's inventory/supply data from DOE will provide some color on how the API Crude -4.5mm Cushing +700k Gasoline -5.2mm Distillates -4.6mm DOE Crude +1.925mm Cushing +806k Gasoline -4.57mm - 10th weekly draw in a row Distillates -3.43mm - 4th weekly draw in a row Crude stocks unexpectedly saw a build last week...