Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"

WTI Rises As Distillate Stocks Draw, Cushing Back Near 'Tank Bottoms', SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row as traders weighed the 'dark fleet' transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz. “A combination of the escalation between the UAE and Iran, coupled with a market increasingly pricing a ‘closed for longer scenario,’ keeps oil and refined products supported,” said Arne Lohmann Rasmussen, chief analyst at Global Risk...

A statement from the US State Department on the Israel-Lebanon ceasefire that went into effect at 5 pm EST on Thursday includes language that Israel will likely exploit to continue attacks on the country. The statement says that “shall preserve its right to take all necessary measures in self-defense, at any time, against planned, imminent, […]

FBI Accuses Washington Man Of Coaching Canada's Tumbler Ridge School Shooter, Agreeing To Livestream The Attack Federal prosecutors have charged a Bellingham man with helping another person commit murder in a foreign country - alleging he coached an 18-year-old who killed eight people in Tumbler Ridge, British Columbia, in February and agreed to livestream the attack. At the federal courthouse in Seattle, law enforcement officials on Oct. 6, 2026, announce the arrest of a Bellingham resident accused of aiding in a deadly school shooting in British Columbia. Officials include assistant commissioner Elija...