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At Least 10 Supertankers Approaching Port Of Fujairah Reverse Course Amid Iran’s Attacks
At Least 10 Supertankers Approaching Port Of Fujairah Reverse Course Amid Iran’s Attacks
A growing number of empty supertankers have been turning away from the Persian Gulf as escalating Iranian attacks threaten a critical transfer hub for wartime oil shipments, Bloomberg reports.
At least 10 very large crude carriers and several Suezmax vessels approaching the port of Fujairah in the United Arab Emirates have stopped or reversed course in recent days, according to tanker-tracking data compiled by Bloomberg.
While other vessels are still continuing on their journeys into the region, the retreat...
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Jun 29, 2026 / Tyler Durden
Johnson Says Reconciliation Is The Only Path For The SAVE Act
Johnson Says Reconciliation Is The Only Path For The SAVE Act
Speaker Mike Johnson returned to the Capitol this afternoon after several hours at the White House, telling reporters that the only viable path to enact the SAVE Act is to attach it to a reconciliation bill - and that work is already underway.
"The only way to get the SAVE Act to the president's desk, we've been shown many times, is to put it on a reconciliation bill, so that is in the process," Johnson said, adding that he believes...
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Jul 14, 2026 / Tyler Durden
Watch: Smug NYT Podcaster Visibly Annoyed When Mick Jagger Defends Elon Musk
Apr 27, 2026 / Tyler Durden
5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High
5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High
After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction.
The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues.
The bid to cover...
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