The numbers have doubled in less than a month.
The total crude oil egress via the USN-BL is now 13 Mbpd, with estimated SoH transits at 10.35 Mbpd given that Fujairah and Mina al-Fahal together account for around 2.65 Mbpd on average.
This is partly attributed to Saudi Arabia having to swing back its exports eastwards due to pipeline disruption, but also due to daytime transits via the SoH under additional CENTCOM protection.
Yesterday Oil dropped because the East/West Pipeline was going to reopen today
Today Oil dropped because Iran was going to open Hormuz in 7 days
Neither happenned
Oil keeps falling... now below $90.
It's now down 16% over the past 7 days...
Incredible that this type of market manipulation is still working given that:
- Hormuz is still closed
- Bab el-Mandeb is still disrupted
- Energy infrastructure is getting blown up
Nothing has been resolved...
Hormuz will only reopen when the US gives in to Iranian demands.
And the US will only give in when the economic pain becomes unbearable.
Brace for inflation.
API President and CEO @mj_sommers joined @MarkHalperin@2waytvapp to discuss today’s global refining crisis and how diesel export restrictions would backfire. “An export ban on diesel would be bad policy for the United States.”
BREAKING: Copper futures surge to their highest level on record, now up another +22% this year.
This puts copper prices up over +70% since January 2025.
This is an insane story:
An energy company in Poland signed a deal on a yacht in Abu Dhabi to buy 6 million barrels of oil for $345 million.
Because of sanctions, the money was delivered via crypto. USB sticks containing wallet keys were given to sellers in Caracas.
The Polish company they sent tankers to pick up the oil and were ghosted by the Venezuelans, while their empty tankers sat off the coast waiting for a reply.
Remember…
Mamdani claimed his aunt stopped taking the subway after 9/11 because of nasty looks she received wearing her hijab.
But it turned out she doesn’t wear a hijab and has never lived in New York?
Everything is a scam.
🚨 JUST NOW: President Trump is dropping VIDEO PROOF for every Fake News outlet lying to millions that he was nowhere near Ground Zero after 9/11
They want to memory-hole this footage.
Donald Trump: "Well, I just went to what they call Ground Zero. I've never seen anything like it. The devastation, the human life that's been just wasted for no reason whatsoever. It is a terrible scene. It's a terrible sight. But New Yorkers are very strong and resilient, and they'll rebuild quickly."
"I think they have to respond quickly and effectively. They have to find out exactly what the cause was, who did it, and they have to go after these people because there is no other choice." 🇺🇸
Trump VERY CLEARLY said he showed up to the scene when the law allowed him to, not while the building was actively crumbling.
They put words in his mouth to lie. RETRACT!
🚨 Dana Bash just read Tom Homan a New York Times horror story and Homan drops the mic. 🫳🏼🎤
Ten deportees. Liberia. They resisted getting off the plane. NYT says ICE yanked cuffs, pinned them, knees on necks. “Treated us like wild animals.”
Are you comfortable with that?
Homan: I don’t think that happened.
Every agency gets allegations. ICE gets them constantly.
Then he dropped the numbers CNN never leads with:
Threats against ICE officers: up over 9,000%.
Actual attacks: up 1,400%.
Officers are trying to stay alive while enforcing a judge’s order. A lot of people don’t comply. They fight.
Policy is minimum force necessary to get compliance. If someone went beyond that, Internal Affairs investigates. If it’s proven, there are consequences.
That’s not a dodge. That’s how real law enforcement works.
NYT wants you to feel for the people who refused to get off the plane.
Homan is talking about the officers who have to put them on it.
One side is writing midterm ads. The other side is running the operation America voted for.
Ontario Premier Doug Ford unveils a big Lake Ontario sign along the lake's shoreline in response to President Trump's executive order to rename it Lake America.