WTI Maintains Losses After Another SPR Drain, Distillate Stocks At 30-Year Seasonal Lows

"This Will Bring Down Global Economy": Qatar's Energy Minister Offers Dire Warning About Hormuz Chokepoint Chaos Brent crude futures are on track for their biggest weekly gain since the early days of Covid, with the move now exceeding the 20% weekly spike at the start of the Russia-Ukraine war, as the U.S.-Israeli air campaign against Iran, Operation Epic Fury, has tipped the Gulf into an energy crisis, freezing commercial traffic through the Strait of Hormuz and pushing some regional oil and gas production offline. On Friday, Qatar's energy minister, Saad al-Kaabi,...

Welcome To Realpolitik, Which Will Be Co-Hosting Every World Cup From Now On By Michael Every of Rabobank It's easy to talk of the 'collapse of the rules-based order', but for most people it's too abstract to impact on their day-to-day lives. Then the US president --who claims he didn't know what a red card was-- calls up the head of FIFA to ask if the US World Cup team's leading scorer Balogun can have one suspended to play the round of 16 game vs Belgium - and it is. That...

Nearly 20,000 Americans Have Safely Returned Home From The Mid-East: State Dept Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Nearly 20,000 U.S. citizens have returned safely from the Middle East since Feb. 28, when the Iran conflict broke out, Dylan Johnson, assistant secretary at the Bureau of Global Public Affairs, said in a March 5 statement. Smoke rises from a reported Iranian strike in the industrial district of Doha, Qatar, on March 1, 2026. Mahmud Hams/AFP via Getty Images “These figures do not include the many Americans who have safely...