IMF Downgrades Global Growth Forecast Second Time In A Row

Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Energy flows through the Strait of Hormuz are beginning to restart on Thursday after the interim U.S.-Iran peace deal, with several Saudi-controlled supertankers transiting the critical waterway and exiting the Persian Gulf. There is a massive backlog of crude and LNG tankers in the Persian Gulf, preparing to exit the Hormuz chokepoint bound for Asia. Bloomberg says 31 supertankers, carrying about 62 million barrels of crude, could soon exit.   The actual number of crude...

Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West Via The Cradle Russia has become Syria's leading supplier of oil since the collapse of former Syrian president Bashar al-Assad’s government and the rise to power of former Al-Qaeda chief Ahmad al-Sharaa, according to Reuters.  Shipments of Russian oil have risen by 75 percent this year to roughly 60,000 barrels per day (bpd), based on Reuters calculations using official data and vessel tracking from LSEG, MarineTraffic, and Shipnext. Getty Images While these volumes account for only a small fraction of Russia’s total global oil...

Singham Network Mobilizes To Defend Raúl Castro After DOJ Indictment Via American Greatness, Key organizations and activists tied to the CCP-linked Singham Network rapidly moved to defend former Cuban dictator Raúl Castro following this week’s Justice Department indictment tied to the 1996 shootdown of civilian aircraft flown by Brothers to the Rescue. The indictment, unveiled by the United States Department of Justice, charges Castro and others in connection with the deaths of four men after Cuban MiG fighter jets destroyed two civilian planes over international waters near Cuba nearly three decades ago. Prosecutors said the...