Mark Chediak

Reporter writing about renewables, utilities and climate change for @business. @ucbsoj alum. Jayhawk fan. Opinions are my own. Retweets aren't endorsements.

[Bloomberg @business]

BREAKING: The US is proposing tariffs of at least 10% on imports from most major trading partners following a probe into forced labor https://t.co/CheZVv74vV

[Amena Bakr @Amena__Bakr]

Good morning it’s day 95 of the war. And yes Rubio said yesterday that “the war is over” which isn’t the case at all. Overnight Kuwaiti defenses continue to intercept missile and drone attacks. #war #OOTT #Iran #US

[Gregg Carlstrom @glcarlstrom]

"Nearly 1m, about a fifth of Lebanon's population, remain displaced more than a month and a half after the ceasefire that nominally halted the conflict. For Lebanon's leaders and its people, the vast displacement has begun to look less like a temporary emergency than something more permanent." https://t.co/LE9Gd1O10h

[Javier Blas @JavierBlas]

Another hefty SPR release last week:

According to DoE data, the SPR put in the market ~8 million barrels last week (~1.1m b/d), slightly less than previous weeks (8.6m; 9.9m; and 9.1m).

At the current pace of releases, the SPR will drop below the Biden low by late next week.

[Joe Weisenthal @TheStalwart]

The odds of the Strait of Hormuz reopening by the end of July continue to tumble. And yet Brent Crude remains below $100

[Rory Johnston @Rory_Johnston]

Iran apparently "halts message exchange" following Israel's attacks in Lebanon.

Crude pops ~$3.50/bbl

[Javier Blas @JavierBlas]

Iran has stopped "message exchange" with the US in protest for Israel's bombing of Lebanon, according to Tasnim news agency.

[David Wallace-Wells @dwallacewells]

Amazing chart. Energy *importers* have invested about 5x as much in renewables and nuclear as in fossil fuels since 2022. Energy *exporters* have invested about twice as much in fossil fuels as in renewables and nuclear.

[Lisa Abramowicz @lisaabramowicz1]

Chevron's Mike Wirth said we're weeks away from oil shortages. He sees US gasoline prices potentially rising considerably in the next two months. Listening to market strategists and then talking to commodity producers is an exercise in cognitive dissonance. @ferrotv @annmarie

[Bloomberg Green @climate]

Jeff Bezos' philanthropic fund for climate and nature is lagging on its pledge to give $10 billion by 2030, with only 28% of that amount granted so far. Read more on how most of the promised funds remain unspent: https://t.co/ZSdjiKkbeq

📷️: Eva Marie Uzcategui/Bloomberg

[Mark Chediak @markchediak]

👀

[Michael Liebreich - @MLiebreich.bsky.social @MLiebreich]

My latest for Bloomberg: "We are about to see the Great Clean Energy Acceleration 2.0 – a discontinuity in energy markets as profound as the oil shocks of the 1970s, and one that could bring forward peak fossil fuel use and emissions to this side of 2030." https://t.co/857eRwNea3

[Mark Chediak @markchediak]

Breaking news -> Nextpower agreed to acquire battery company Prevalon Energy for as much as $365 million, marking the solar-tracking provider’s move into energy storage and the fast-growing AI data-center market https://t.co/iMuXQCbQOC

[Javier Blas @JavierBlas]

My colleagues at Bloomberg News have now confirmed the story first reported by Axios. The Associated Press, Reuters and Agence France-Presse are all reporting it. All with the same caveat: the deal is awaiting final approval by President Trump.

[Bloomberg @business]

Traffic through the Strait of Hormuz appeared all but deserted on Thursday as commercial operators remain wary of renewed military escalation. https://t.co/yCGzgtxiFL

[Joumanna Nasr Bercetche @JoumannaTV]

Brent +3.7% back to ~ $98

2nd skirmish on the Strait in a week

[PBS News @NewsHour]

An AP investigation found that at least 10 detainees have died by suicide since President Trump took office in January 2025, a pace that far exceeds the growth in the detainee population, according to a review of ICE data, autopsy reports, coroners' rulings and police records. https://t.co/d8tpfN5xeO

[Bloomberg @business]

A post-IPO merger between SpaceX and Tesla Inc. is inevitable and only a question of timing, because Elon Musk will want to consolidate control across his companies, according to early SpaceX investor Peter Diamandis. https://t.co/4hjttaw5ex

[Javier Blas @JavierBlas]

The White House is calling what Iranian state television has reported about the MoU a "complete fabrication."

[Amena Bakr @Amena__Bakr]

For those think the war was over…. American and Israeli warplanes targeted several Iranian vessels south of Larak Island in the Strait of Hormuz, state-run Nour News reports, citing local sources.
#Hormuz #Iran

[Rory Johnston @Rory_Johnston]

30 days ***AFTER*** a deal?

Guys, we can't even land a deal, which over the weekend was supposed to be signed Sunday and include near-immediate Hormuz transit relief.

Now the deal timeline continues to slip and the new Hormuz position is a month *after* whenever that manages to land?

Bad, bad, bad.