Three Tankers in the Strait of Hormuz Hit By Drones

Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is already showing up in the fuels people actually buy. As OilPrice reports, "Nobody on the planet earth consumes crude oil,” Currie told CNBC. Refineries do. Everyone else consumes gasoline, diesel and jet fuel, and those markets look considerably uglier. European diesel was trading around $170 per barrel during the interview, Currie said, almost twice Brent’s current...

An Israeli drone attack in northern Gaza on Thursday killed a 13-year-old boy as the IDF continues its constant violations of the US-backed Gaza ceasefire deal. Medics told Reuters that the boy, identified as Joud Mohammed al-Duweik, was killed when an Israeli drone dropped a grenade in the town of Beit Lahia. Several other Palestinians […]