Update:
Trump storms out of interview after being challenged about election fraud claims, DOJ fund
Showing posts with label Iran. Show all posts
Showing posts with label Iran. Show all posts
Sunday, June 7, 2026
I have a hard time getting excited about bond yields surging 7% in the wake of the Iran war when they already surged 368% since 2020 to the end of February
100 days of the Iran war: How global markets and the economy have been affected, in charts
... Yields on U.S. Treasurys are among those to have surged in the aftermath of the war ... U.S. 30-year Treasury yields have surged ...
Friday, June 5, 2026
The increase in Saudi oil exports through the Bab-el-Mandeb Strait in April 2026 came to about 3.3 million barrels per day according to Kpler
Iran’s threats against this Red Sea choke point are a big vulnerability for the oil market
... Oil and product exports through the Bab el-Mandeb nearly doubled to 7.2 million barrels per day in April compared with 3.9 million bpd in February before the U.S. and Israel attacked Iran, according to data provided by Kpler.
The interactive chart by Kpler in the story is a shipwreck.
The data is in millions of barrels per day passing through, as explained in the story. Unfortunately you don't see "million" anywhere in the chart.
What you see is 5.2B, 7.7B, 2.9B, etc., which could easily be misinterpreted as either "barrels" or "billion".
The proper designation should be MMb/d or perhaps MMB/D in the chart, but maybe just leave that out entirely next time because it's already too busy and just put "million" in the subtitle before "barrels" and leave it 5.2, 7.7, 2.9, etc. in the chart.
Thursday, June 4, 2026
Trump always prefers a diplomatic solution after oil prices spike 62% after he doesn't
Oil prices fall 3% on report Trump reluctant to restart Iran war
... The White House declined to comment on the report when asked by CNBC. A White House official said while Trump “always prefers a diplomatic solution, he has been clear about the consequences if Iran refuses to make a deal.” ...
Wednesday, June 3, 2026
US House votes 215-208 directing the president to remove U.S. military forces from hostilities with Iran, which Republicans say isn't a war and which Trump says ended on April 7 lol
House passes resolution to end Iran War, challenging Trump
House lawmakers on Wednesday passed legislation designed to force President Trump to end the Iran War, marking a victory for Democrats and the constitutional purists who say the conflict is illegal without explicit congressional approval.
The tally was 215-208, with four Republicans — Reps. Thomas Massie (Ky.), Brian Fitzpatrick (Pa.), Tom Barrett (Mich.) and Warren Davidson (Ohio) — joining every Democrat in supporting the measure.
The development is largely symbolic, since there are lingering disputes about whether the measure, known as a concurrent resolution, carries the force of law. And Trump is certain to contest the authority of the measure even if it’s also passed by the Senate, where it’s headed next. ...
Behind Speaker Mike Johnson (R-La.), most Republicans have argued that the conflict does not rise to the level of a war, and therefore doesn’t require congressional approval. ...
The administration is also challenging the measure from a practical angle, arguing that the conflict ended when Trump called for a ceasefire in early April. ...
The House Roll Call is here.
Monday, June 1, 2026
Befuddled old man who once insisted on unconditional surrender doesn't know what to do anymore
Sad!
Trump tells CNBC: ‘I don’t care’ if Iran negotiations are over
... But when asked if he has reached out to NATO to participate in reopening the strait, Trump said, “They would if I wanted them to, but I’m not sure I want them to.” ...
In March Pete Hegseth couldn't decide if Iran's military was merely decimated or totally devastated, and now Trump tells us Iran's military wasn't really hurt at all
Humpty Dumpty says words mean whatever he says they mean.
Meanwhile I'm quite certain nine in ten members of Iran's military prefer decimation to devastation.
Tim Carney doesn't mention why the bad polling results for Republicans and Trump on the economy started already in May 2025
The word "tariff" does not appear in this column lol.
... But the bad polling trends for Republicans and Trump generally started late last year, before the attack on Iran. The right-track-wrong track numbers started souring last May.
It’s reasonable then to suspect that Trump’s other problems — including stubborn inflation (aside from gas prices) and his family’s sketchy business dealings — are harming the GOP. This pre-Iran trend also suggests that the numbers won’t simply reverse if the Strait of Hormuz reopens and gas prices fall.
The Republican Party’s problem is deeper than gas prices, and so things won’t get better before November. The only question is whether things get worse.
Oh yeah, Iran wants to make a deal so badly it now threatens to shut down the Red Sea on top of the Persian Gulf
U.S. intercepts Iran missiles targeting American forces in Kuwait: CENTCOM
Treasury yields rise after Iran reportedly stops communication with U.S.
U.S. oil jumps more than 7% on report Iran will halt talks with U.S. and completely block Hormuz
U.S. oil prices jumped nearly 8% Monday, after Iranian state media said Tehran will halt talks with the U.S. and completely close the Strait of Hormuz in response to Israeli attacks in Lebanon. ...
Tehran will completely block the Strait of Hormuz and open other fronts including the Bab el-Mandeb Strait, Tasnim reported. The Bab el-Mandeb Strait is a trade chokepoint that connects the Red Sea to the Gulf of Aden. ...
Sunday, May 31, 2026
Saturday, May 30, 2026
Meanwhile CNBC has an excellent story with great interactive graphs of vessel transits through the Strait of Hormuz and the Bab-el-Mandeb Strait before and after the Houthi and Iran conflicts
And it's quite clear that the Iran war has had no real effect on the number of vessel transits through the Bab-el-Mandeb while destroying transits through the Strait of Hormuz.
Increased Saudi reliance on Yanbu on the Red Sea might change BAM transits in the future, but to what extent transits through SoH might recover is very difficult to say.
BAM transits never recovered from the Houthi threat, and SoH transits may not from the Iran threat, with serious implications not just for oil but for important bulk materials like fertilizer and helium.
SoH transits:
Feb 24 2026: 107.29
Apr 18 2026: 12.57
May 24 2026: 6.00
BAM transits:
May 24 2023: 82.86
Feb 26 2026: 40.14
May 24 2026: 38.14
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
... Daily traffic through the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden, collapsed by more than half from 75 ships on Nov. 19, 2023 to 31 vessels by January 30, 2024. More than two years later, traffic through the strait still has not returned to the levels once considered normal. ...
Tuesday, May 26, 2026
Russia informs Rubio what's good for the goose is good for the gander, plans decapitation strikes to get Zelenskyy after Rubio flubs up and signs his death warrant by ending talks
Russia tells Rubio U.S. citizens should leave Kyiv ahead of strikes on Ukrainian capital
... Foreign Minister Sergei Lavrov “officially informed” Washington that Russia would be launching “systematic and consistent strikes” against Ukrainian military facilities and what Moscow called “decision-making centers,” in a call with Rubio on Monday, according to the Russian government. ... Rubio told journalists on Friday that U.S.-led efforts to negotiate a peace deal had ended, explaining that previous talks “were not fruitful.” ...
Yeah, Iran is blinking so hard it's laying more mines in the Strait of Hormuz ROFLMAO
U.S. conducts ‘self-defense strikes’ in Iran as Trump pushes for peace deal
... CENTCOM spokesman Tim Hawkins said targets included missile launch sites and Iranian boats attempting to emplace mines. ...
Why is the winner pushing for a peace deal?
Usually the loser does that.
Iran is in the ‘process of blinking’ over the Strait of Hormuz, Petraeus says
Monday, May 25, 2026
Trump offers a poison pill to sabotage everything
Trump links Abraham Accords to Iran deal
Again, why did the squirrel cross the road?
Failure of nerve: Trump's ceasefire has only made Iran stronger with each passing day and their negotiating position its strongest in 47 years
Hostilities lasted 38 days.
Today is the 48th day of the ceasefire, the chicken-out.
Asia is sucking fumes.
Europe is buying from the US Strategic Petroleum Reserve and will be in trouble similar to Asia in June, and the US itself will develop problems in July.
Oil market at ‘tank bottoms’ in Asia, and Europe isn’t far behind, warns market veteran Jeff Currie
... “I would say, Asia, you’re there. Europe, give it about another month, and look for July being a problem in the U.S.,” Currie said. ... “Every day that goes by, Iran’s negotiating leverage compounds. Why? Because inventories of oil and inventories continue to drop,” he said. “The minute you think you won, that’s exactly when you know you probably lost, and their negotiating position at this point has never been stronger in the last 47 years.”
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