Sin(a)tra

Fuels (And Canada) Spark US Import/Export Price Surge In February As we have noted numerous times in the last week or two, inflation fears are back (or rather stagflation) as growth stagnates and prices re-accelerate...   This morning we get yet more confirmation of the second wave of inflation as US Import/Export prices blew expectations away... US Import prices jumped by 1.5% MoM (the third monthly rise in a row) - the biggest MoM jump since March 2022. The acceleration in prices pushed import costs up 1.3% YoY - highest since Feb 2025. Under the...

On Tuesday night, the Senate voted against advancing a resolution that would have required the State Department to produce a report on the killing of US citizens by Jewish settlers and Israeli security forces in the Israeli-occupied West Bank. An effort to discharge the resolution failed 47-51, with just one Republican — Sen. Rand Paul […]

IRGC Says Three More Tankers Ablaze In The Strait Of Hormuz On Sunday Iran announced that three more international tankers are ablaze in the Strait of Hormuz after presumably hitting mines in an 'illicit' transit area as Tehran continues to try and clamp down on passage under its protocol."Since the early hours of this morning, three non-compliant tankers have exploded and caught fire while they were sailing in the illegal channel in the Strait of Hormuz," the Islamic Revolutionary Guard Corps (IRGC) said in a statement. via Reuters The statement didn't identifiy...