EU Is Launching A Mission To Board Russian Shadow Fleet Tankers In The Indian Ocean

WTI Dips After Massive Crude Inventory Build, Big SPR Drain, Surge In Imports Oil prices are marginally lower this morning as OPEC again cut its forecast for global oil-demand growth for this year, but stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies. Physical disruptions are spreading beyond Hormuz. Refinery attacks and fires have hit Russia and Libya, while the Houthis claimed another attack on Saudi Aramco’s Jazan complex. The Red Sea has become a key alternative export route for...

IRGC Says Iran, Not US, Will Determine War's End As Trump Threatens Strikes '20 Times Harder' If Hormuz Transit Blocked Summary: Pentagon claims "winning": After ten days into Operation Epic Fury, Pentagon chief Pete Hegseth lists objectives that include destroying Iran's missile infrastructure, defense industry, navy, and ensuring Tehran is "permanently" denied nuclear weapons. Trump's mixed messaging as war could end 'soon' while saying Iran's military is crippled, but also warns Tehran would be hit "20 times harder" if it disrupts oil traffic through the Strait of Hormuz. Signs of Washington officials looking...