Musk, Luckey And Gingrich Walk Into The Pentagon: Hegseth Unveils "Project Meridian" As Defense Stocks Suffer Record Losing Streak

Tanker Owners Having The Best Week Of The Hormuz Crisis As VLCC Rates Soar By Julianne Geiger of OilPrice.com The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money. As Middle Eastern producers scramble to move crude that has spent months stranded in the Persian Gulf, tanker rates have exploded higher, turning a slow return to normal into a windfall for shipping companies. According to Reuters, the cost of hiring a tanker in the Gulf has nearly doubled in just a week, jumping...

During their meeting last week, President Donald Trump told President Xi Jinping that Chinese support for Iran was “totally unacceptable.”  US Ambassador to China David Perdue told CNBC on Friday that Trump stated to Xi ⁠that direct or indirect support for Iran was “totally unacceptable.” In separate remarks to Fox News, the diplomat explained that […]

U.S. Oil Reserves To Dry Up Before August? As oilprice.com asked earlier this week, why hasn’t oil hit $150 (yet)? Tonight at 7 PM ET, ZeroHedge will host two former Goldman heavyweights to answer the question: is the recent oil price surge merely a temporary geopolitical shock, or are we entering a period of structurally higher energy prices? Joining the discussion are former colleagues Jeff Currie, now chief strategy officer for energy pathways at the Carlyle Group, and Arjun Murti, Partner at Veriten. The conversation will be hosted by Real Vision's Ash...