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Bessent Says Hormuz Will Be A "Worthless Piece Of Water" In Two Years
Bessent Says Hormuz Will Be A "Worthless Piece Of Water" In Two Years
Summary
Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years
Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated.
US threatens further strikes: Trump warned of more action but ruled out necessarily returning to full-scale war.
Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks.
Oil prices surge: Brent crude rose above $92/barrel.
Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply higher.
Strait of...
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Aug 19, 2026 / Tyler Durden
The Case For Britain Backing Its North Sea Oil & Gas Industry
The Case For Britain Backing Its North Sea Oil & Gas Industry
Authored by David Whitehouse, chief executive of Offshore Energies UK, via City AM,
Jackdaw and Rosebank could strengthen UK energy security by increasing domestic oil and gas production while demand remains substantial.
The projects are expected to support billions of pounds of investment, thousands of jobs, and a broad UK offshore supply chain.
Continued North Sea production could reduce import dependence while preserving engineering skills and industrial capacity needed for offshore wind, hydrogen, and carbon capture.
Britain faces a simple choice. While we...
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May 15, 2026 / Tyler Durden
Uranium Gap Worsens: Nuclear News Roundup
Uranium Gap Worsens: Nuclear News Roundup
Goldman analyst Brian Lee reviews headlines across the nuclear industry for March (full note here).
New reactor progress and announcements
North America
4/16/2026 – Canada: Bruce Power has signed an MoU with SaskPower to share its experience in large-scale nuclear reactors, including project development and long-term operations, as Saskatchewan evaluates large reactor technologies alongside its SMR program. The agreement formalizes information-sharing and aligns provincial and federal nuclear strategies.
4/24/2026 – United States: Duke Energy's Robinson nuclear power plant has been cleared for extended operation to 80 years,...
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Apr 14, 2026 / Tyler Durden
JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut
JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut
One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the US military operation in Venezuela.
The largest US bank reported net income of $16.5bn, beating analyst estimates of a $15.2bn print, up from $14.6bn a year...
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