BREAKING: The U.S. is allowing Iran to immediately resume oil and fuel sales as part of the deal to end the war, per the WSJ.
The sanctions waivers would kick in right away and also cover banking, shipping, and insurance needed to support those sales.
So Iran gets billions in economic relief on day one, before giving up much of anything in return.
The worst deal EVER
a few refineries that can't survive without Canadian oil:
BP Whiting, IN
MPC Detroit, MI & Robinson, IL
Cenovus Toledo, OH & Lima, OH
PSX Wood River, IL
CITGO Lemont, IL
XOM Joliet, IL
CHS Billings, MT
Sinclar Laurel, MT & Cheyenne, WY
Tesoro Mandan, ND
Suncor Denver, CO
Sweden hasn’t fought a war in 200 years.
Yet Swedish weapons are becoming some of the most combat-tested systems in Europe.
CV90 in Ukraine.
Bandvagns crossing terrain others avoid.
RBS 70 hunting drones.
Carl Gustaf and AT4 everywhere from deserts to trenches.
CB90s built for archipelagos and rapid strikes.
Archer redefining shoot-and-scoot artillery.
RBS15 shaping Baltic deterrence.
And now Gripen entering the most contested air environment on Earth.
Sweden never built weapons for military parades.
We built them for forests, snow, dispersed operations, short runways, conscripts, and surviving the first strike.
Turns out that’s exactly what modern warfare needed.
1/ Russian soldiers in Ukraine face a "catastrophic" shortage of drones and personnel at the front, according to two Russian warbloggers. The Russian offensive is coming to a standstill with Ukrainian forces said to be outnumbering the Russians two or three to one in places. ⬇️
Goldman saying the oil market has been in a net deficit of 7-8MM Bbl/d since March 1st. JP Morgan said we can only lose 800MM Bbls before the global refining system gets pushed into operational stress levels. As of April 23rd 520MM Bbls were left. That puts "D-Day" ~ July 1st.
Inflation today is higher than the day Joe Biden left office.
Gas is $1.30 more per gallon than the day Joe Biden left office.
Not a single person has been prosecuted from the Epstein files.
No SAVE America Act, No DOGE checks, no tariff rebates.
When does the winning begin?
1/ The world is very rapidly running out of refined fuel due to the Strait of Hormuz blockade, according to a new Goldman Sachs report, with only 45 days' worth of stockpiles of jet fuel, naphtha, and LPG remaining. Rationing, surcharges, and mass cancellations are forecast. ⬇️
1/ The world is very rapidly running out of refined fuel due to the Strait of Hormuz blockade, according to a new Goldman Sachs report, with only 45 days' worth of stockpiles of jet fuel, naphtha, and LPG remaining. Rationing, surcharges, and mass cancellations are forecast. ⬇️
@sonnyEOS@yarotrof SoH is closed by Iran, 5 to 10 ships a day is nothing. US is only stopping boats from iranian ports believing it will hurt Iran. A country living with sanctions for decades. Ridicullus.
SP500? Tell that to the people paying for gasolin now...