China Added 200,000 Bpd To Crude Reserves In July Despite Hormuz Crisis

President Donald Trump claimed that Iran has been militarily defeated and will not pay the price for refusing to negotiate.  “Iran’s Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn’t even exist anymore – They have been completely defeated. Iran is all talk and no action,” the […]

European Car Sales Jump 11% As Fuel Shock Drives EV Demand European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers. Bloomberg cited new-vehicle registration data for last month showing an 11%...

During the ceasefire, Iran has been able to dig out sites tied to its missile program that were bombed by the US during the first five weeks of the war.  CNN reports reviewing satellite imagery that shows Tehran used simple construction equipment to dig out several missile launchers and other tunnels tied to its missile […]