Elon's Next Move: Your Money

U.S. Waives Jones Act After Iran Gas Field Attack Shortly after Israeli fighter jets struck Iran's upstream oil and natural gas production assets for the first time in Operation Epic Fury, sending WTI futures to $98.5/bbl, the Trump administration appears to have pulled another emergency lever from JPMorgan's six-option playbook we recently outlined: a 60-day Jones Act waiver that allows foreign-flagged ships to transport oil, gas, refined products, fertilizer, and related energy cargoes between US ports to boost domestic energy flows and ensure shipping capacity does not become a bottleneck. Bloomberg...

UK COVID Inquiry's Endorsement Of Censorship Sets Chilling Precedent Authored by Molly Kingsley via DailySceptic.org, According to the UK’s Covid Inquiry, whose fourth report was published in April, there was “in principle, nothing unlawful or inappropriate in the government monitoring publicly available social media to identify potential trends in disinformation or misinformation” during the pandemic period. The same report, in declining to criticise the censorious activities of the UK Government during the pandemic, noted that the UK government’s Counter Disinformation Unit was required to ensure that its actions were “lawful, necessary and...

Japan Crude Imports Fall 66% To Record Low By Tsvetana Paraskova of OilPrice.com Amid the supply disruption in the Middle East, Japan’s crude oil imports crashed by 66% in April from the same month last year, dropping to an all time low, official Japanese data showed on Friday. Japan imported 4.07 million kilolitres, or about 850,000 barrels per day (bpd), of crude oil last month, down by 65.7% from the April 2025 levels, the monthly petroleum statistics of the Ministry of Economy, Trade and Industry (METI) showed. Crude imports from the Middle East...