Trump Says US-Saudi Nuclear Deal Hinges on Saudi Normalization With Israel

WTI Dips After Big Crude Inventory Build, US Production Slows Oil prices are down overnight but playing headline roulette with every word that comes out of any leaders' (or non-leaders') mouth as ceasefire chatter (now denied) has WTI riding a roller-coaster (but below $100 once again as we write). “Flows and actions matter more than words,” said Giovanni Staunovo, a commodity analyst at UBS Group AG. And while inventory data may not be the market-moving event in this new regime, it is useful to see signs of stockpiling or demand. DOE Crude +5.45mm (+10.3mm...

Israel To Scale Back Gaza Strikes To Give Trump's Hamas Disarmament Plan A Chance Authored by Tom Ozimek via The Epoch Times, Israel has tightened restrictions on targeted strikes in Gaza, signaling that it intends to give President Donald Trump’s initiative to disarm Hamas a chance despite Prime Minister Benjamin Netanyahu’s firm public conditions for an Israeli withdrawal. Senior Israeli security and political officials told Epoch Magazine Israel on Aug. 5 that Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Eyal Zamir has ordered that every targeted strike in Gaza receive...

"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz Summary World's most important oil price hits record high as Trump threatens Iran: "make a deal before it's too late" Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT Highest bridge in Iran, connecting Tehran...