Oil Markets Price In An Iran Deal That Does Not Exist Yet

"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn The Trump administration’s "baffle 'em with bullshit" methodology has been on full display, as the reopening of the Hormuz chokepoint on Friday drove a broad risk-on in markets: US equities soared, crude collapsed, and Treasury yields declined, based on the assumption that disruption to global energy flows had eased. However, as of early Saturday morning, those moves may prove premature. The Wall Street Journal reports that the world’s most important maritime chokepoint is once again closed to commercial transit. About 20 ships...

15 Tied To Antifa Charged With Violently Interfering With ICE Operations In Minnesota Authored by Janice Hisle via The Epoch Times, Fifteen suspects are accused of conspiring with two Minneapolis-based Antifa groups to violently interfere with federal immigration enforcement, authorities announced on Tuesday.  Daniel Rosen, who heads the U.S. attorney’s office for Minnesota, told reporters at his Minneapolis headquarters on June 16 that agents arrested 12 of the 15 suspects; one was already in custody for other offenses. Two defendants remain at large. Rosen said both are aware that federal agents are seeking...

Mamdani Is Destroying The Tax Base His Stupid Ideas Desperately Need Submitted by QTR's Fringe Finance  When the Fischer-Price My First Mayor™ of New York Zohran Mamdani chose to film a “tax the rich” video in front of a Manhattan penthouse owned by Citadel CEO Ken Griffin, he wasn’t just celebrating “tax day”, he was making a policy argument. Mamdani was making a choice about his tone (dickish), about targets (“people with more money than me are bad”), and about how the city signals to the very people it depends on to fund its...