US Troops Face Month-Long Curfew In Okinawa After Alleged Murder

Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is already showing up in the fuels people actually buy. As OilPrice reports, "Nobody on the planet earth consumes crude oil,” Currie told CNBC. Refineries do. Everyone else consumes gasoline, diesel and jet fuel, and those markets look considerably uglier. European diesel was trading around $170 per barrel during the interview, Currie said, almost twice Brent’s current...

Petrochemical Supply Shock Begins Idling Asian Factories For weeks, we mapped out for readers how the Gulf energy shock dominoes would fall, spreading outward from the Middle East and striking Asia first through tightened energy-product flows that risk destabilizing the global economy. That transmission of tightening energy flows is now becoming alarmingly visible on factory floors across Asia. Goldman analysts, led by Georgina Fraser, warned clients on Monday that the petrochemical shock is worsening across Asia, with textile and packaging plants emerging as the first major downstream casualties. "The supply shock...

ZeroHedge Fertilizer Debate: Hormuz Closure Could Usher In New Arab Spring  On Friday, ZeroHedge, in partnership with the Macro Dirt Podcast, hosted a debate focused on the implications for agriculture, inflation, and global supply chains given the current situation in Iran. The discussion was illuminating and worth a rewatch if you missed it.  The discussion featured former Bridgewater head of commodities Alex Campbell, Brent Johnson of Santiago Capital, and was hosted by Tony Greer and Jared Dillian. The Damage Has Been Done Even in a best case scenario where shipping lanes reopen immediately, Santiago...