Kuwait Joins “Dark-Mode” Tanker Traffic Through Hormuz By Tsvetana Paraskova of OilPrice.com Kuwait appears to have joined a growing bunch of Middle Eastern oil and gas producers that have moved to ship energy cargoes in dark mode through the Strait of Hormuz. The liquefied petroleum gas (LPG) carrier Gas Umm Al Rowaisat, which is owned by the national Kuwait Petroleum Corporation, has passed through the Strait in recent days, […]

Blackrock’s Private Credit Fund Gates Investors Again After Redemption Requests Surge The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit. One week after Cliffwater’s Private Credit fund gated investors for a second straight quarter, and days after Blackstone also gated […]

Musk Becomes Earth’s First Trillionaire As Blockbuster SpaceX IPO Opens At $150 Summary:  Musk Becomes A Trillionaire  SpaceX IPO Opens Up $150, above $135 IPO price SpaceX IPO Shares To Trade 29% Higher Than IPO Price  Liftoff: SpaceX Gray-Market Trading Signals 35% IPO Pop Incidentally, this is where Polymarket predicted the stock would open ahead of the first indications: POLYMARKET PROJECTS $174 OPENING […]

US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East In a move that surprises absolutely no one paying attention, the United States is planning to significantly slash the number of fighter jets and warships it feeds into the NATO machine in Europe, the New York Times reported Thursday. The reported cutbacks hit right as panicked European nations scramble to patch up their own defense […]

First Real Breakthrough? Iran Says Deal Is ‘Closer Than Ever’ In Unexpected First, Oil Prices Tumble Summary Pakistan PM Sharif: “we can confirm that a final, agreed upon text of the peace deal has been reached & Pakistan is now working closely with both sides to finalize the next steps.” Surprise, surprise: Iran FM says sides “have never been closer and pending its finalisation, the media should refrain from entering […]

Gas Prices Fall For 3rd Straight Week Authored by Naveen Athrappully via The Epoch Times, The national average price for a gallon of regular gasoline declined for three consecutive weeks, dropping from $4.56 per gallon on May 21 to $4.12 per gallon on Thursday. Lower gasoline prices are “delivering some relief to drivers during the busy summer travel season,” the American Automobile Association (AAA) said in a June 11 […]

“Reckless Propaganda”: Globe And Mail Op-Ed Tells Readers “How To Properly Hate” Elon Musk Ahead Of SpaceX IPO Whether it is Elizabeth Warren, left-leaning unions, or Democrat-aligned NGOs funded by dark money, the common pattern here has been an information campaign aimed at Elon Musk to derail the SpaceX IPO. Their motives are very simple: if the game is about power and money, then Musk potentially becoming the world’s first […]

National Mall Vandalized With ‘8647’ Markings Ahead Of Independence Celebrations Authored by Kimberley Hayek via The Epoch Times, U.S. Park Police and federal officials opened an investigation Thursday after a sizable marking resembling “8647” was etched into the lawn of the National Mall. The incident occurred amid preparations for major events celebrating the nation’s 250th anniversary of independence. A Reuters […]

UMich Sentiment Bounces Off Record Low In June, Inflation Fears Fade After reaching all-time record lows in May, analysts expected UMich’s Sentiment index to rebound modestly in preliminary June data and it did, up from 44.8 to 48.9 (well above 46.0 exp), with consumers experiencing some relief due to the early-month easing in gasoline prices. Source: Bloomberg “This measured improvement in sentiment was widespread, seen across […]

Kennedy Center Appeals Order Requiring Removal Of Trump’s Name Via American Greatness, The Kennedy Center’s board of trustees voted Thursday to challenge a federal judge’s order requiring President Donald Trump’s name to be removed from the performing arts center. According to court filings, the board formally appealed US District Judge Christopher Cooper’s ruling just before the court-imposed deadline for removing […]

Fool Me Once? Shame On You. Fool Me 39 Times…? By Molly Schwartz, cross-asset macro strategist at Rabobank After several days of strikes against Iran, and several morning announcements that strikes were set to continue, Trump announced via Truth Social that the “scheduled strikes and bombings against Iran” have been cancelled as a peace deal has been agreed upon. Indeed, “discussions and final points have been, in both […]

Clinton-Appointed Federal Judge Bars Texas AG Paxton’s Lawsuit Against ActBlue Authored by Kimberley Hayek via The Epoch Times, A federal judge has barred Texas Attorney General Ken Paxton from pursuing his state court lawsuit against ActBlue, a major Democratic online fundraising platform. President Clinton-appointed U.S. District Judge Richard Stearns ruled Thursday that the case represented no more than a retaliation campaign […]

DOJ Probes Big Banks For Alleged “Debanking” Of Clients The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or “debanked” for political or ideological reasons, according to the Wall Street Journal. The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several […]

Futures Rally Amid Fresh Iran Peace Hopes, All Eyes On SpaceX US stock futures and global markets are higher, extending their rally while oil hit the lowest level in months following fresh reports that the US and Iran are nearing a provisional agreement to end their war, even if top leadership has yet to sign off. Meanwhile, all eyes are on SpaceX – the world’s biggest IPO- where shadow markets are pricing a spike of at least 35% […]

“Resetting Business”: Xbox Layoffs Loom As New CEO Supercharges Overhaul Microsoft’s Xbox gaming division is preparing for a major round of job cuts at the end of the month as new Xbox CEO Asha Sharma moves to “reset” the unit amid a confluence of negative and worsening pressures, including shrinking revenue, soft hardware sales, plateauing Game Pass momentum, and what management now describes as an ongoing “hardware component […]

China Is Learning To Use Less Oil, And That’s A Bigger Deal Than It Sounds By Julianne Geiger of OilPrice.com Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable. It can get by on less fuel than anyone thought. China’s gasoline and diesel demand has been falling for years as electric vehicles gained market […]

BofA Sees “Runaway Price Risk” In Spot Sulfur As Global Supply Chain Freezes Sulfur is a critical industrial input produced as a byproduct of oil refining and natural gas processing. With roughly half of the world’s seaborne sulfur trade trapped behind the Hormuz maritime chokepoint, another 15% stuck in Kazakhstan due to export-logistics blockades, and demand destruction still insufficient across global markets, Bank of America […]

Traders Are Shorting Oil As If The Hormuz Crisis Is Over Authored by Tsvetana Paraskova via OilPrice.com, Oil traders are increasingly betting on lower prices, with short positions in Brent crude tripling since late March despite the loss of roughly 13 million bpd of supply from the Middle East. Physical market fundamentals are tightening rapidly, as global inventories have fallen by about 250 million barrels and key storage […]

SpaceX Prices Biggest Ever IPO At $135 Per Share While there was little doubt as to SpaceX’s actual IPO price, which due to its novel structure was always going to be $135, and unlike the proposed IPO price ranges as is customary for other initial offerings, moments ago SpaceX (SPCX) made it official when it filed a free writing prospectus (FWP) which confirmed the company sold 555.6 million shares at $135 each, for a total size of […]

France Is Latest EU Country To Ban & Sanction Israel’s Finance Minister A growing list of Western countries have imposed individual sanctions and travel bans on two Israeli hardline ministers who advocate for Jewish supremacy over the Middle East, evidenced in their expansionist policies from the West Bank to Gaza to Syria. The two in question are Minister of National Security Itamar Ben Gvir and Israeli Finance Minister […]

CJ Hopkins: How I Learned To Stop Worrying And Love The New Normal Reich Authored by CJ Hopkins via ConsentFactory.org, So the German Supreme Court has ruled on my case. Their ruling is that they will not rule on my case. They sent my attorney a letter to that effect. It literally says: “The constitutional complaint will not be accepted for a ruling. No explanation is provided. This ruling is incontestable.” So I am now […]

New Pakistani Strikes On Afghanistan Kill 13 Civilians, Taliban Says Several months ago, close in time to when the US-Iran war started, a separate conflict had erupted further east, along the Af-Pak border and even reaching as deep into Afghanistan as far as Kabul (where Pakistani airstrikes rained down). Hostilities have abruptly flared up again along the Afghan-Pakistan border overnight as cross-border airstrikes launched by the […]

‘Full Force Of The Law’: British PM Threatens Belfast Anti-Immigration Rioters While Lowe Says ‘Millions Must Go’ Via Remix News, British Prime Minister Keir Starmer has threatened Belfast’s nighttime rioters with the “full force of the law” after they conducted arson attacks on cars and homes on Tuesday night after a brutal video went viral featuring a Sudanese man trying to behead a disabled Scottish victim. “The scenes […]

Why China’s Population Decline Is Irreversible Authored by Antonio Graceffo via The Epoch Times, China’s demographic collapse is so advanced that even an immediate return to replacement-level fertility cannot prevent a massive population decline because there are simply too few women of childbearing age. The ageing crisis facing China is well documented and widely reported. The crisis stems from a combination of longer life […]

Black Activism In America Has Become Cultural Poison Much like the feminist movement (or any leftist movement), black rights activism in America has mutated from its original form into something bizarre and monstrous.  Civil rights conflicts tend to be born from legitimate grievances if a society’s intention is to create general “equality” under the law.  But this is only the surface view, the lipstick, the young and naive version […]