Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship

"Old Economy Is Taking Revenge": Jeff Currie Warns Fuel Squeeze Is Driving Structural Inflation Former Goldman Sachs commodities chief and current Real Macro head Jeff Currie joined CNBC earlier Thursday to discuss all things commodities, warning that the latest Brent crude rally above $107 a barrel is becoming harder to dismiss as a temporary shock, with renewed Chinese buying and soaring refining margins (US diesel crack spread now $110 a barrel) signaling deeper pressure across physical commodity markets. Currie warned that traders are underestimating an inflation cycle driven by years of...

Defiant Mojtaba Khamenei: Gulf's Future Will Be "Without US Presence," Vows To Protect Nuclear Program At All Costs Summary Not giving up nuclear program: Iran will "guard" its "advanced technologies" like it does its own borders, Mojtaba Khamenei said in a written speech read aloud by state TV. It will “secure the Persian Gulf region and dismantle the hostile enemy’s exploitation of this waterway." US military teases cutting-edge, not yet tested in battle, hypersonic missiles for Mideast region as CENTCOM head set to brief Trump on further military options at White House. Brent crude for June...

Axios Warns Cuba Stockpiled 300 Attack Drones With Crosshairs On U.S. Homeland Well, well, well. On Feb. 3, we first asked whether a Cuban Missile Crisis 2.0 was quietly taking shape on the collapsed, communist-run Caribbean island of Cuba. But instead of Soviet missiles, we warned that Havana may be stockpiling Russian-made Geranium one-way attack drones with the operational range to threaten major U.S. oil and gas refineries in the Gulf of America, key military bases, data centers, power grid infrastructure, and potentially even Washington, D.C. Nearly three and a half months ago,...