Factory Orders Rebound Strongly in July

Iran on Tuesday confirmed that Ali Larijani, the head of Iran’s Supreme National Security Council, was killed by an overnight Israeli strike, the most significant Iranian leader to be assassinated since Supreme Leader Ayatollah Ali Khamenei was killed in the opening strikes of the war. “After a lifetime of striving for the elevation of Iran […]

Europe's Heatwave Is Becoming An Energy Crisis Authored by Tsvetana Paraskova via OilPrice.com, Europe's heatwave is disrupting energy and transport, with low river levels restricting barge traffic on the Rhine and driving up shipping costs for fuel, coal, and other goods. High river temperatures have forced France to cut nuclear power generation, reducing electricity output as reactors face cooling constraints. The extreme weather is adding to Europe's energy challenges, increasing inflationary pressures and threatening economic growth alongside ongoing disruptions from the Strait of Hormuz crisis. The intense early summer heatwave in Europe is warming...

Logic, Logistics, And At Least Another 10 Days... By Michael Every of Rabobank Thursday was a rocky day in markets ahead of today’s deadline for the US to shift from bombing Iran’s nuclear, missile, drone, military-industrial, and regime sites to destroying its electricity grid, potentially taking out its power generation for a generation, and unleashing an Iranian response against the broader region’s power, water, and energy infrastructure. Given that backdrop, some TACO the view it was logical Trump subsequently extended the deadline to 8PM EST on Monday 6 April, because “talks are...