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Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes
Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes
Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and the US and Iran to reach a deal in the coming months.
"Fundamentals are rapidly reasserting themselves as Hormuz disruptions fade, with Brent back to the low $70s/bbl. While the US-Iran process remains fragile and disputes over Hormuz administration and...
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Apr 16, 2026 / Tyler Durden
Drought Engulfs 60% Of U.S. As Farmers Begin Spring Planting
Drought Engulfs 60% Of U.S. As Farmers Begin Spring Planting
A massive drought has emerged across large swaths of the US agricultural belt, threatening crops and livestock and eventually affecting food prices, at a time when fertilizer and diesel costs are soaring. As of early April, 60% of the Lower 48 is in drought as the Northern Hemisphere growing season begins and farmers begin plantings, according to NOAA.
The southern US is already experiencing severe, extreme, and even exceptional drought conditions, putting pressure on key crops such as sugarcane, rice,...
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Jul 21, 2026 / Tyler Durden
Appeals Court Upholds Ruling Allowing Release Of Biden Audio Tapes
Appeals Court Upholds Ruling Allowing Release Of Biden Audio Tapes
Authored by Zachary Stieber via The Epoch Times,
A federal appeals court on July 20 ruled against former President Joe Biden, finding that he was not entitled to an injunction blocking the release of audio recordings and transcripts of his interviews with his memoir’s ghostwriter.
“Biden has not shown a likelihood of success on the merits,” Circuit Judges Sri Srinivasan and Gregory Katsas in Washington said.
The Heritage Foundation, a conservative think tank, sued the government in 2024, alleging it wrongly withheld most...
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Aug 19, 2026 / Tyler Durden
Your Bank Data Could Become A Profit Center - And You'll Pay the Price
Your Bank Data Could Become A Profit Center - And You'll Pay the Price
Authored by Morgan Sweeney via The Center Square,
A forthcoming federal rule on open banking may allow banks to charge new fees for access to consumer data, a move critics say would harm consumers and runs counter to other parts of President Donald Trump's agenda.
Open banking allows consumers to authorize banks and other financial institutions to securely share their financial data electronically with third-party providers.
PNC Bank building in Pittsburgh, PA (Photo: Grace David / The Center...
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