Brent On Track For Worst Week Since COVID, But UBS Warns Bears: "Fundamentals Still Provide A Floor"

Oil Slides After Iran Says US Agreed To Lift Oil Sanctions During Talks, Long-Term 'Nuclear Freeze' On Table Saudi state-owned Al Arabiya early Monday has issued a bombshell if true (but still very much not officially confirmed), reporting that Iran has agreed to a long-term nuclear freeze instead of a complete dismantling. The outlet also reports that Iran has withdrawn its demand for compensation, instead demanding economic concessions. However, this could be highly dubious, given over the past several days Tehran has not shown willingness to back down from this demand of compensation. It...

Trump Administration Carried Out 980,000 Deportations In First 18 Months: Think Tank Authored by Chris Summers via The Epoch Times, The Department of Homeland Security (DHS) conducted 980,000 deportations during the first 18 months of President Donald Trump's second administration, a report published by the Migration Policy Institute (MPI) think tank said on Thursday. U.S. Customs and Border Protection security agents guide illegal immigrants onboard a C-17 Globemaster III for a removal flight at Fort Bliss, Texas, on Jan. 23, 2025. Dept. of Defense photo by U.S. Army Sgt. 1st Class Nicholas...

Iran War Exposes America's Unfixed Supply Chains Authored by David Dayen via The American Prospect, One of the more fascinating sidelights of our war of choice in Iran is how it has reinforced the devastating consequences of our hollowed-out industrial base, consolidated commercial sector, and overreliance on long intermediated supply chains. Arleigh Burke-class guided-missile destroyer USS Frank E. Petersen Jr. (DDG 121) fires a Tomahawk Land Attack Missile during operations in support of Operation Epic Fury, February 28, 2026. Credit: U.S. Central Command Public Affairs/Cover Images via AP Images For example, the...