IEA Proposes Largest Ever Oil Stockpile Release... There Is Just One Big Problem

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Even the most aggressive SPR release rate would be far too low to materially ease a 16 mbd shortfall and would likely provide only initial relief...


Trump Threatens 'Unprecedented Military Consequences' As Iran Reportedly Starts Mining The Strait Of Hormuz

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Trump responds: Military consequences to Iran will be at a level never seen before...


South Korea Angry Over US Plan To Redeploy Critical Air Defense System To Mideast

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WaPo: anticipation of the Iran crisis potentially prolonging.


Millennial Men Face Low Testosterone Crisis, Doctors Warn

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Doctors are seeing a surge of millennial men with low testosterone, erectile dysfunction, and early prostate concerns.


Here Are The 6 Options To Contain Soaring Oil Prices (And Why An SPR Release Will Do Very Little)

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All the listed policy measures will have very limited impact on oil prices unless safe passage through the Strait of Hormuz is assured...



As SAVE Act Vote Looms, FBI Expands 2020 Election Probe To Arizona

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The federal government's post-2020 election reckoning has arrived in Arizona...


Japan's Strategic Awakening

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History is a window into the future...


Judicial Sabotage? Obama Judge Blocks Trump Efficiency Reforms For Deportation Appeals

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The BIA's backlog has ballooned from 37,285 pending appeals at the end of fiscal year 2015 to 202,946 by the end of fiscal year 2025.


Transparency: Suing Schools That Hide Trans Kids' Identities From Parents

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"It’s like we’re in upside-down land..."


Fani Spanked Again: Judge Allows Trump And Co-Defendants To Pursue $17 Million In Legal Fees

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Trump and 18 others were indicted in Fulton County for allegedly conspiring to overturn then-President Joe Biden’s narrow election victory in Georgia...


Public Bitcoin Miners Are Dumping Crypto For AI, A Historic Mistake

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...public Bitcoin miners, in the pursuit of mid-term fiat gains, might have just fallen for a trap... The infrastructure that runs the future does not necessarily capture the gains.  


Oil Volatility, Short Gamma, And A Fragile Market

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CTA sellers. VIX dealers in the 0th percentile of gamma. Oil volatility still extreme.

Escalation Trap: Misreading Iran's Internal Power Dynamics

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Understanding these internal political pressures is critical for predicting escalation...


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Iran reportedly begun laying mines in the Strait of Hormuz, while US Energy Secretary Wright mistakenly posted that the US Navy escorted an oil tanker through the Strait of Hormuz.

AP Shills For Big Pharma Antidepressants With 'Bewildering' Hit Piece

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"This whole thing is being made up, and it’s an absurdity..."


Rand Paul Warns Of "Disastrous" Midterms For GOP If Iran War Continues

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"How worried are you?"


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Korea Trades Like a MEME Stock — and an Oil Vol Proxy

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Korea’s “VIX” Looks More Like OVX Than VIX.

Loans To Non-Banks Threaten Banking Crisis

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...the cracks are visible, but the market is still hoping the damage remains contained.


Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn

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The kneejerk reaction to the company's earnings has been favorable. Let's see if this continues into tomorrow's session...


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Reports suggest Iran has begun deploying mines in Strait of Hormuz; Trump sees no reports of them doing so, but threatens significant military action if they are not removed; US Energy Secretary Wright, in a now deleted post, said the US Navy has escorted an oil tanker through the Strait of Hormuz (later rejected by WH officials); IEA meeting reportedly ends with no decision on crude stockpile release; Weak US 3yr note auction; US existing home sales rise in Feb.; Oil tanker explosion near Abu Dhabi; AMZN attracts ~$126B of orders for US bond sale.