Exit Narrative Grows: Bessent Says New Deal & Ceasefire Will Open Hormuz 'Today Or Tomorrow'

Millions Of Americans Are Giving Up On Buying New Cars A growing number of Americans can no longer afford to buy new vehicles. Since 2020, roughly one million potential buyers have exited the market, and industry forecasts suggest they are unlikely to return soon, according to Wall Street Journal.  Although automakers initially expected sales to recover to pre-pandemic levels, persistent economic pressures have kept demand below earlier expectations. Before COVID-19, U.S. new-vehicle sales typically reached around 17 million units annually. Today, most forecasts place demand closer to 16 million vehicles or less,...

Washington, D.C. Will Feel Like June Next Week. Cue MSM Climate Doom Propaganda After a stretch of roller-coaster temperature swings across the Mid-Atlantic in March and early April, the midpoint of the month is now shaping up to be unusually warm, with highs that could exceed the region's average for June. That kind of temperature anomaly could prompt left-wing corporate media outlets to kick off their seasonal global-warming doom news cycle as summer approaches. "Temperatures will soar well into the 80s just a week later, and on Thursday, it will...

Oil Tops $91, US Diesel Crack Near $100 As US-Iran Strikes Resume, Tehran Claims Supertanker Mined In Hormuz Brent crude futures climbed back above $90 a barrel, while West Texas Intermediate topped $86 after the US and Iran exchanged strikes for the first time in about a month. Tehran also claimed that an unidentified supertanker was struck by naval mines in the Strait of Hormuz. Meanwhile, diesel crack spreads are approaching $100 a barrel again, suggesting an increasingly severe shortage across refined-product markets as the summer draws to a close.  US Central...