© Islander Reports
But the real story isn't the number. It's what happened in the twenty minutes before the close.
This is what the oil market looked like today... a market that has completely lost its mind.
Trump posts "a whole civilization will die tonight" at 7:45am and oil spikes to war highs. Vance says the war is basically over and military objectives completed at 8:15am and oil dips. Iran suspends all diplomatic communications at 9am so oil screams back to highs.
An hour later the New York Times confirms Iran has stopped negotiations entirely — oil spikes, stocks dump hard. Eleven minutes later Tehran Times says talks are actually not closed and oil reverses. China and Russia veto the UN Security Council motion on Hormuz at noon and oil drops again.
Then Iran and the US and Israel all simultaneously accelerate strikes and oil rises. Then for no obvious reason whatsoever oil plunges and stocks spike at 1:25pm. Then Pakistan's Deputy PM says he was hopeful until last night but dangerous developments have re-escalated everything so oil goes up AGAIN. Then an Iranian military source on Telegram says: "We have prepared a black hole for Trump from which it will be impossible to get out" — oil spikes, stocks sink. Then Pakistan proposes a two-week ceasefire extension and Karoline Leavitt confirms Trump is aware — everything goes absolutely mental.
That was Tuesday. One trading session. One market. One war that was declared won on 38 times.
Investors panic-bought protection all day. Retail traders who have bought every dip for three straight years turned net sellers for the first time. Goldman said activity was 2 out of 10. Hedge funds better for sale. Long-onlys better for sale. The machines dragged the S&P to green by 0.08% at the close on late peace talk headlines.
Meanwhile Dated Brent the price for real barrels that real refiners actually need today kept screaming to record highs regardless. Because the futures can trade the headlines. The refiner who needs oil on a tanker tomorrow cannot.
12 million barrels a day still locked inside the Gulf. Europe bidding record premiums for North Sea crude. Asia taking everything from West Africa at any price. Diesel near record. Jet fuel near record. Gold at $4,700. Dollar tumbling two days straight. Bond curve steepening. And the average American sees none of this complexity they just see the pump. And it has never been higher.
The Strait still closed to Epstein's friends . The deadline that has moved more than 5x is at 8pm tonight. And a black hole, apparently, waiting for Trump on the other side of it.
Reader Comments
And invests the extra money in domestic industries, and perhaps the development of an Oreshnik successor. The one-trick-pony has become really boring lately.
I suppose he never learns that you can't scare someone to death who is not afraid to die.
The Iranian people called his bluff, coming out in huge numbers onto the sites he promised to obliterate, daring him to follow through and kill them all. He had already lost at this very moment, either way he would be finished.
And allegedly, public humiliation is worse than death for a narcissist like him ...
This is the worst public military defeat and humiliation of both countries - although easily predictable. Who knows what is happening right now in the background. Because of the strategical importance of Iran, I specifically mean Russia and China. But another sucker punch from the losers would surely escalate it a few notches.
It appears a great deal of the missile/drone destruction is more than likely on the ground detonation. Clearing real estate for redevelopment. (See Trumps plans for Gaza). Said destruction is considerably cheaper than expensive missiles and drones. Plus makes photography and video easier to film, edit and add CGI to.
Anyway, I guess the war will continue soon. Only to stop when Israel is finally removed from the map.
How is it that we are blessed with so many fundamentalist lunatics.
Apparently there are between 2500 and 3000 small religious entities.
Why the number keeps growing
The U.S. has no government registry of religions (due to the First Amendment), which allows for "religious entrepreneurship." Anyone can start a new church or movement tomorrow. Consequently, for every group that fades away, a new one—often focused on a specific leader, a new interpretation of scripture, or a modern spiritual philosophy—tends to emerge.
I don't know about the American experience but here in Oz it's definitely a worthwhile pursuit, from a taxation view point it seems to work for many of the occult leaders, who seem to be able to carve out a pretty good living.
Funda MENTAL ists are always lunatic fringe. Particularity when of the "religious" persuasion. They have their "god' with them and also on their money. At least here in the states. Others worship kings and queens–also of worshipping quality. One assumes.
I must be weird, I have no affinity to worship anything or anyone especially movie “stars” or anything prefaced with the word Super as in “Super Model” or whatever, just fck off.
No offence meant to any genuine worshippers out there.