The oil market is so, so F*CKED.
1. Let's start with the obvious: Hormuz very shut, barrels have not been flowing.
2. The cavalry isn't coming: US rig count is effectively flat. Nobody is rushing to add supply, as the market narrative remains: the war ends soon.
3. Cushing is within a stone throw of being empty. 2 numbers matter at Cushing 70mb (full) and 20mb (empty). When it hit 70 in 2020, WTI went negative. When it will hit 20 in June, WTI will skyrocket. I wrote and spoke about this yesterday.
4. Managed money is barely long. There is no speculative money propping up the price of oil right now. When it piles in, it will add fuel to the fire.
@gnoble79
Will the BBC do a long monologue about the United States' human rights record, its treatment of migrants, and the killing of its own citizens? And will they refuse to broadcast the World Cup opening ceremony, as they did with Qatar?
Let's keep the same standards and the same energy.
A World Cup primarily held in the US is bad for many reasons but the worst might be having to deal with Americans' opinions on a sport they fundamentally do not understand
Nearly 100 fans from Morocco applied to go the USA.
The US blocked nearly 90% of their applications.
This is the most racist World Cup ever and it should be boycotted by everyone, the USA is refusing to let non-white people come.
Norway said that they are not going to play in World Cup in Qatar even if they qualified (they didn’t). Denmark left it until the last minute to confirm their participation in the World Cup 2022Germany forced their players to make political statements before the match in FIFA WC 2022 even though some players didn’t want to do it.
BBC literally disrupted the coverage of one of the best opening ceremonies of the World Cup in Qatar just for virtue signaling.
but for World Cup 2026, the whole media is silent other than a few token articles here and there and Norway and Germany aren’t protesting anything when there’s so much to protest about 🤡
Institutional investors are aggressively shorting the Japanese Yen even as Japan is attempting to intervene:
Combined Yen short positions held by leveraged funds and asset managers are up to -$11 billion, the highest since July 2024.
We have now seen 3 consecutive weekly increases in short exposure, totaling -$5 billion.
This comes despite Japan’s Ministry of Finance spending a record ~$74 billion over the past month to defend the currency from weakening.
However, the Yen has weakened to ~160 per US Dollar from ~155 in early May and is approaching the critical 160 threshold again.
This reflects the wide interest rate gap between Japan and the US, which remains the primary structural pressure on the currency.
Institutional positioning continues to signal further Yen weakness.
People think Hormuz will reopen because the economic pain from not doing so would simply be unbearable.
But economic pain isn't the most important factor to either side of the conflict.
For Iran, this war is about survival, and for the US it's about defending the illusion of unchallenged hegemony.
This conflict will take longer than most people are anticipating, and the pain will be much higher than markets are discounting.
مريت ٣ فروع لـ "صيدلية الدواء" عشان وصفة للوالد وكلهم (صيادلة أجانب) عطوني نفس الرد البارد: "مش موجودة بالسيستم"
في الفرع الرابع لقيت شاب سعودي ما صرفني استأذن ودخل برقم الهوية في وصفتي وبحث بذكاء لين طلعها وصرفها مباشرة!
هذا الموقف هو الرد على كل مستشار مالي يقول السعودي مكلف:
الأجنبي يتعامل مع العميل كـ "آلة" (السيستم قفل يعني قفل).
ابن البلد يتعامل بـ "فزعة واحترافية" يبذل جهد ويحل المشكلة عشان يخدم سمعك الصيدلية
فعليًا شي عجزت افهمه ببعض الشركات ان مستعدين يتغرمون على ان يسعودون اغلب المناصب، اذكر قريت التقرير السنوي لاحدى الشركات ماخذين عدة مخالفات لعدم التزام المنشأة بنسب التوطين والمضحك ان تكرر هالشي بتقرير 25و24 ولسى صاملين
California Is Blocking a Federal Audit of Its Voter Rolls
California allows first-time voters to register using forms of ID that most Americans would find surprising, including:
-Gym membership card
-Employer ID card
-Credit or debit card
-Prescription drug label
-Insurance card (California provides free health coverage to undocumented immigrants)
Full list: https://t.co/BvfviJsYG8
This is permitted when a voter fails to provide a Social Security number or driver’s license at registration. Our office believes this policy deserves a closer look.
We also have serious concerns about how California maintains its voter rolls. There are open questions about whether the state is promptly removing deceased voters, people who have moved, and individuals convicted of disqualifying felonies.
On top of that, California allows third parties to collect and turn in ballots on voters’ behalf (a practice known as ballot harvesting) with few restrictions. This makes it difficult to track who actually received, completed, and submitted each ballot.
For over a year, the Department of Justice has been trying to audit California’s voter rolls. Federal law gives the Attorney General the authority to review state voter files and confirm that only eligible U.S. citizens are voting in federal elections.
@AAGDhillon sent California a letter explaining our legal authority. California refused to comply, claiming state privacy laws block the review, an argument that does not hold up because those laws don’t apply to the federal government in this context. We’ve sued California in federal court, and the case is before the Ninth Circuit Court of Appeals.
If California genuinely wants voters to trust its elections, it should open its records, not fight to keep them closed.
What are they afraid of?
غريبة إنهم يشوفون المشكلة بس ما يبون يحلونها !
انخفاض كبير في أرباح صيدلية الدواء بسبب تسجيل (27 مليون ريال) كمصاريف تجديد إقامة و رخص عمل لـ 93% للموظفين الأجانب
الإيرادات 1,545,375,000 ريال 7.18%🔻
صافي الربح 22,253,000 ريال 78.84%🔻
- المصدر : لمحة استثمارية