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Stalemate, Not Checkmate
Stalemate, Not Checkmate
Bas van Geffen, senior macro strategist at Rabobank
Stalemate, not checkmate
CIA Chief Ratcliffe’s 15-minute dialogue in Moscow was reportedly an elevator pitch warning Russia not to support Iran, and not to attack NATO.
Peace talks between Russia and Ukraine are at a dead end, and Ukrainian attacks on Russian economic infrastructure – including refineries and large online retailers – are increasingly putting pressure on President Putin. So, Moscow is preparing to escalate its assaults on the country. Russian military presence in Belarus is building up, which could reopen a...
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Jul 17, 2026 / Tyler Durden
PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett
PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett
By Ethan Howland of UtilityDive
The PJM Interconnection’s just-held capacity auction cleared nearly 7 GW below its reliability target and only drew roughly 500 MW of new power supply, Federal Energy Regulatory Commission Chairman Laura Swett said Thursday.
“These numbers compound the alarm bells for a call to action in PJM,” Swett said during the agency’s monthly meeting. “Am I surprised that PJM failed to deliver? No, I am not,” Swett said later during a media briefing.
However, FERC isn’t trying to “target” PJM,...
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Feb 27, 2026 / Tyler Durden
Iran Rejects US 'Excessive Demands' - But Next Talks Scheduled For Wednesday
Iran Rejects US 'Excessive Demands' - But Next Talks Scheduled For Wednesday
After the third round of indirect US-Iran talks held in Geneva on Thursday, Omani Foreign Minister Badr Al-Busaidi - who was the chief mediator - cited "significant progress" - which echoed the generally positive assessment of the Iranian side.
Iran's Foreign Minister Abbas Araghchi initially declared, "We reached agreement on some issues, and there are differences regarding some other issues. It was decided that the next round of negotiations will take place soon, in less than a week."
He acknowledged that it was...
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Jun 22, 2026 / Tyler Durden
Apollo Gates Private Credit Investors For 2nd Quarter As 17% Rush To The Exits
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