CENTCOM Claims US Military Has Escorted A Billion Barrels Of Crude Out Of Hormuz

Ukraine Pounds Major Moscow Refinery As Global Diesel Crisis Threatens Economic Shock Military conflicts, economic wars, and resource wars are converging ahead of the Northern Hemisphere winter. Export restrictions on critical materials and energy products are adding economic pressure worldwide, raising the risk that supply disruptions and retaliatory measures widen existing conflicts. With no clear path to de-escalation, the potential for spillover from active war zones remains top of mind. The most pressing news so far this morning is that Ukraine launched a major overnight drone strike on Russia, hitting a Moscow...

Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years. With the U.S. national average sitting at $4.53 per gallon (according to AAA data) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump prices risk rising even higher into the holiday weekend as the summer driving season begins. Let's start with the chart of the day: AAA...

President Trump said on Monday that he believes his war with Iran could end soon, while Iranian officials are vowing that they’re ready for a long fight. “I think the war is very complete, pretty much,” Trump told CBS News reporter Weijia Jiang. “They have no navy, no communications, they’ve got no air force.” Later […]