Azzurra Pacces

Equitare, arcum tendere, veritatem dicere

[The Hormuz Letter @HormuzLetter]

BREAKING: Trump has just been officially sued in federal court over Trump Media selling advance millisecond access to his "market-moving" Truth Social posts to subscribers paying up to $100,000 per month via Truth API, per CNBC.

The lawsuit filed in NY federal court by The Intercept Media and the Freedom of the Press Association calls the scheme "extraordinary, corrupt, and unconstitutional," saying "the President stands to gain financially by giving 'market-moving' government information to those who are willing and able to pay his personal company." More than 10 customers have already signed up for the Truth API, mostly high-frequency trading firms.

This comes just hours after Iran's IRGC Senior Advisor Naqdi called for a US Congressional investigation into Trump, his family, and his inner circle including Kushner and Witkoff over war-related insider trading.

[OPEC @OPECSecretariat]

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability.

Read press release ➡️https://t.co/ham8QQ9Obl

[Javier Blas @JavierBlas]

As expected, core OPEC+ countries hiked output quotas by 188,000 b/d for September (probably the last of the monthly increases). Until the Strait of Hormuz re-opens, however, most of the increases are virtual, as KSA, Kuwait, and Iraq can not ramp up. 🔗: https://t.co/0FmYvngYbe

[Reuters Asia @ReutersAsia]

OPEC+ set for September quota increase followed by pause, sources say https://t.co/3uXf68RNJ9

[Gulf Intelligence @gulf_intel]

@gulf_intel EXCLUSIVE INTERVIEW WITH ADNOC

@ADNOCGroup has already seen a Surge of Interest from Buyers of Abu Dhabi #Crude #Oils Following Yesterday's Move to Shift to Prompt Pricing, Nasser Omair Al Muhairi, Acting CEO for Downstream Industry, Marketing & Trading at ADNOC, said in an exclusive interview today with GI.

The #AbuDhabi national oil company announced a change in its Official Selling Price (OSP) mechanism this week, moving from pricing against the Murban Futures contract to a prompt-month pricing methodology based on the Platts Dubai benchmark, plus an ADNOC-announced differential that will be announced in the month preceding target delivery month.

#oilmarkets #Brent #Murban #Platts @ICE_Markets @EnergySPG #Asia #Crude #oil #oilmarkets

[Reuters @Reuters]

ADNOC to change oil pricing benchmark to Platts Dubai from Murban futures https://t.co/WRvtCudqQS https://t.co/WRvtCudqQS

[Jamie Ingram @Jamie__Ingram]

I've followed ICE Murban closely ever since it's inception, seeing it as a fascinating opportunity to see a new futures contract built from the ground up. Instead, it has shown just how hard it is to build such a contract, even with huge institutional backing #oott

[Javier Blas @JavierBlas]

UAE state-owned giant ADNOC is effectively killing the Murban oil futures market (which it spent quite a lot of effort trying to develop).

From Nov, ADNOC will price its crude based on Platts Dubai rather than Murban futures. The move come after massive trading plays in Murban since the war started, which sent quotes well above comparable grades.

[U.S. Central Command @CENTCOM]

https://t.co/a1DQo9yjmq

[Azzurra Pacces @Azzu77]

L’OpecPlus prosegue gli aumenti produttivi di petrolio nel mese di agosto: 188.000 b/g.

[Azzurra Pacces @Azzu77]

Mr punta tacco, addio!

[Federal Reserve @federalreserve]

Federal Reserve notes with deep sadness the passing of Alan Greenspan: https://t.co/wl4Hc95Ogj

Photos of Chairman Greenspan: https://t.co/0prdUvhVaf

[Commentary Donald J. Trump Truth Social Posts On X @TrumpTruthOnX]

🇺🇸🇮🇷 White House released full text of the MoU

The points summarised are as follows:

1. The U.S. and Iran, and their allies in the current war, by signing this MoU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon.

2. The U.S. and Iran will respect each other's sovereignty and territorial integrity and refrain from interfering in each other's internal affairs.

3. The U.S. and Iran commit to achieving a final deal in a maximum of 60 days, extendable with mutual consent.

4. The U.S. will immediately begin the removal of its naval blockade and any disturbances or impediments against Iran, and will fully end the naval blockade within 30 days. During this period, the traffic will be in proportion to the number of pre-war traffic being restored by Iran. The U.S. further undertakes to remove its military forces from the proximity of Iran within 30 days after the final deal.

5. Iran will make arrangements for the safe passage of commercial vessels with no charge for 60 days from the Persian Gulf to the Sea of Oman, and vice versa. The traffic of commercial vessels will immediately start, considering the need for removing the technical and military obstacles and demining, within 30 days. Iran will conduct a dialogue with Oman to define the future administration and maritime services in the Strait of Hormuz in discussion with other Persian Gulf littoral states in line with international law and the sovereign rights of coastal states of the Strait of Hormuz.

6. The U.S. undertakes with its regional partners to develop a definitive, mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of Iran, as part of the final deal after 60 days. All required licenses, waivers, and permissions will be granted.

7. The U.S. will terminate all types of sanctions against the Islamic Republic of Iran, including the UNSC resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in an agreed-upon schedule as part of the final deal.

8. Iran reaffirms that it shall not procure or develop nuclear weapons. The U.S. and Iran have agreed to resolve the disposition of stockpile enriched materials, pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in paragraph seven, with at a minimum a downblending on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to Iran's nuclear needs.

9. Pending the final deal, the U.S. and Iran agree to maintain the status quo. Iran will maintain the current status quo of its nuclear program, and the U.S. will not impose any new sanctions and will not deploy additional forces in the region.

10. The U.S. undertakes that immediately upon the signing of this MoU, waivers will be issued for the export of Iranian crude oil, petroleum products, and derivatives, and all associated services, including banking transactions, insurances, transportation, etc.

11. The U.S. undertakes to make fully available for use the frozen or restricted funds of the Islamic Republic of Iran upon the implementation of this MoU. The U.S. and Iran will mutually agree on the procedures related to the release of these funds during the negotiations.

12. A monitoring mechanism will be established to supervise the implementation of this MoU and the subsequent deal.

13. After signing this MoU and subject to the beginning of the implementation of paragraphs 1, 4, 5, 10, and 11, and the continuing implementation of these measures, the U.S. and Iran will start negotiations regarding the final deal.

14. The final deal will be endorsed by a UNSC Resolution.

[The White House @WhiteHouse]

🚨 President Donald J. Trump has SIGNED the Iran Memorandum of Understanding at Versailles in France. 🇺🇸

[Azzurra Pacces @Azzu77]

La bozza di accordo tra USA e Iran per la riapertura dello stretto di Hormuz

[Insider Paper @TheInsiderPaper]

NEW: Bloomberg publishes text of the draft MoU between the U.S. and Iran

[Shehbaz Sharif @CMShehbaz]

Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.

The official signing ceremony will be on Friday, 19 June in Switzerland.

We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard.

With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.

@realDonaldTrump
@JDVance
@SecRubio
@SteveWitkoff
@SEPeaceMissions
@drpezeshkian
@mb_ghalibaf
@araghchi

[Shehbaz Sharif @CMShehbaz]

We are closer to a peace deal than ever before. With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.

We would like to thank United States of America and Islamic Republic of Iran for their ongoing commitment during the negotiations, and we extend our sincere appreciation to our brothers in the region for their support. We are confident that this historic peace deal will form a strong foundation for lasting peace.

@realDonaldTrump
@JDVance
@SecRubio
@SteveWitkoff
@SEPeaceMissions
@drpezeshkian
@araghchi

[Azzurra Pacces @Azzu77]

Nessuna novità dall’OpecPlus, che aumenta la produzione di altri 188.000 b/g nel mese di luglio, come preannunciato. Gli Emirati sono fuori, ma l’uscita resta senza commento. Nè è chiaro se il greggio emiratino Murban uscirà dal paniere #OPEC #oott https://t.co/9hj3YoDe0R

[The Atlantic @TheAtlantic]

If using AI for writing means you never have to stop, backtrack, or start over, you’re missing the most important part of the process, writes @evefairbanks: https://t.co/ssdeN2l16j

[The White House @WhiteHouse]

From the Bilateral Meeting in Beijing:

President Trump had a good meeting with President Xi of China.

[أوابك @OAPEC1]

بيان صادر عن منظمة الأقطار العربية المصدرة للبترول (أوابك)
بشـــــــأن انسحاب دولة الإمارات العربية المتحدة من عضوية المنظمة

أحيطت الأمانة العامة لمنظمة الأقطار العربية الم��درة للبترول (أوابك) علماً بكتاب معالي المهندس سهيل محمد المزروعي، وزير الطاقة والبنية التحتية في دولة الإمارات العربية المتحدة، الموجه إلى معالي الدكتور خليفة رجب عبد الصادق، وزير النفط والغاز في دولة ليبيا، ورئيس الدورة الحالية لمجلس وزراء المنظمة، المتضمن قرار دولة الإمارات العربية المتحدة بالانسحاب من عضوية المنظمة، وذلك اعتباراً من 1 مايو 2026.

وإذ تعرب الأمانة العامة للمنظمة عن تقديرها للدور الذي اضطلعت به دولة الإمارات العربية المتحدة طوال فترة عضويتها، وإسهاماتها الفاعلة في دعم مسيرة العمل العربي المشترك في قطاع البترول والطاقة، فإن الأمانة الع��مة تؤكد حرصها على مواصلة جهودها في تعزيز التعاون والتكامل بين دولها الأعضاء، بما يدعم المصالح المشتركة من خلال تنفيذ برامجها ومبادراتها الاستراتيجية.