Bulgarian PM Stuns EU With Full-Throated Backing Of Trump-Putin Diesel Deal

WTI Extends Gains As Crude Exports Slide, SPR Drain Continues, 'Tank Bottoms' Hit Oil prices spiked overnight to three-week-highs after President Trump said that he thought the Iran cease-fire was “over” amid a volatile 24 hours in the Persian Gulf region. The Trump admin launched a series of strikes on Iran and revoked a waiver that had allowed Iran to sell oil in retaliation for attacks on tankers this week in the Strait of Hormuz. Daniela Hathorn, an analyst at Capital.com, a broker, said that investors had viewed the cease-fire as “fragile...

Phoebe Gates & Co-Founder Caught In The Cookie Jar: Slack Logs Contradict Phia's '24-Hour Bug' BS When Bloomberg first caught Phia - the AI "personal shopping assistant" co-founded by Bill Gates' daughter Phoebe Gates and climate-activist-turned-founder Sophia Kianni - claiming affiliate commissions on sales it had nothing to do with, the company's ham-fisted damage control was a Silicon Valley classic: an unfortunate software bug, discovered "within the last 24 hours" - and of course it was 'fixed immediately.'  Except that's total bullshit.  According to a follow-up investigation published Tuesday, they knew about...

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids). Many of the Polymarket Strait of Hormuz “prediction”...