Iran’s IRGC Claims Its Forces Destroyed US HIMARS Missile Launchers in Kuwait

Israel's Netanyahu Made Clandestine Trip To UAE During Height Of Iran War Amid the fog of the Iran conflict, some serious geopolitical chess moves were happening in the shadows, with Israeli PM Benjamin Netanyahu having slipped behind what were once enemy lines, into the the quarters of UAE President Mohamed bin Zayed Al Nahyan, for a clandestine summit which could help realign the region. "This visit has led to a historic breakthrough in relations between Israel and the UAE," Netanyahu's office confirmed in a Wednesday statement. It provides top level confirmation of...

China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil A little over a month ago, we explained that energy traders are "Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports", and highlighted how already razor-thin independent refiner (teapot) margins had plunged to record negative as a result of the war in Iran and government policies meant to keep prices from rising. Fast forward to today when the previously discussed dynamics have gotten progressively worse, and this morning Bloomnberg writes that...

President Donald Trump said an Apache helicopter was shot down by Iran. He claimed that the crew members survived but that he would attack Iran in response.  “I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait […]