Getting Away with Murder: Under Trump, the Buck Stops Nowhere

"Chinese Empire Is Next": Townsend Warns Beijing's Energy Dominance Is Rewriting The Global Order Veteran energy economist Dr. Anas Alhajji said during last night’s ZeroHedge debate that Iranian crude trading activity reflects a serious peace deal sticking. Alhajji joined Jeff Currie, co-chair of Abaxx Exchange, and Erik Townsend of Macro Voices to weigh in on the Iran deal’s implications for oil prices, which he believes are poised for a significant decline. Townsend, meanwhile, thinks China will come out on top.  Currie, unlike Alhajji, remains bullish crude due to supply constraints and, assuming...

Oil Plummets As NATO Mulls Hormuz Deployment If Strait Not Open By July In a huge and unexpected announcement, amid stalled US-Iran peace talks - which have proven a failure and illusive thus far, NATO now says it could deploy military assets to forcibly reopen the Strait of Hormuz. Per breaking newswires Tuesday late morning: NATO TO CONSIDER HORMUZ DEPLOYMENT IF STRAIT NOT OPEN BY JULY President Trump has continuously chastised the NATO alliance for being largely bankrolled by Washington but at the same time fence-sitting when it comes to forming a...

Shipping Turmoil Remains Largely Contained To Gulf, For Now The world's most critical maritime energy chokepoint has now been closed for 12 weeks, leaving seaborne energy supply chains heavily disrupted. Still, one UBS analyst points out that the shock has yet to meaningfully spill over into broader global shipping outside the Gulf area, suggesting the disruption remains largely contained for now. "It looks like non-energy related global shipping traffic is running just 4% below normal in May - a bit better than April," UBS analyst Arend Kapteyn wrote in a...