We know what’s coming and we are prepared.
BREAKING:
⚡ 🇮🇱 Netanyahu rejected all offers for a ceasefire and a Palestinian state
"We continue the war on all fronts and in all sectors. We do not give immunity to any terrorist - not in Gaza, not in Lebanon, not in Syria, and not anywhere.
Whoever tries to harm us - we harm him.
Regarding our abductees, we have so far returned 110 of the abductees home, and we are committed to returning them all. This is one of the objectives of the war, and military pressure is a necessary condition for its completion.
I work on this around the clock. But to be clear, I reject outright the terms of surrender of the monsters of Hamas.
In exchange for the release of our hostages, Hamas demands the end of the war, the withdrawal of our forces from Gaza, the release of all the murderers and rapists of the Nuh'ba and leaving Hamas intact.
If we agree to this - our warriors fell in vain. If we agree to this - we will not be able to guarantee the security of our citizens. We will not be able to return the evacuees safely to their homes, and next October 7th will only be a matter of time. I am not ready to put up with such a fatal injury to Israel's security, so we will not agree to it.
The conditions set by Hamas sharpen a simple truth - there is no substitute for victory. Only a complete victory will ensure the elimination of Hamas and the return of all our abductees.
I said these things to President Biden in our conversation over the weekend. I greatly appreciate the US's support for Israel, and I have also expressed this to the President. However, I firmly stand by our vital interests.
I emphasized to President Biden our determination to complete all the war objectives, and to ensure that Gaza no longer poses a threat to Israel.
That's why I insist that after we achieve complete victory, after we eliminate Hamas - there will be no entity in Gaza that finances terrorism, educates terrorism or sends terrorism.
1/2
Pedophile elites wanted to buy an Island, asked if it "comes with children".
Agent replied, the Island "does have a small school"
They don't know camera was rolling
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🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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Oilprice.com
Two months after the U.S. and Israel bombed Iran on February 28, the Strait of Hormuz remains closed for most tanker traffic, forcing more than 10 million barrels per day (bpd) of crude output shut-ins across the Middle Eastern oil producers.
The two-month-long closure of the Strait of Hormuz is longer than analysts had expected at the start of the war. Most assumed back then that the Strait would open by April and producers could restart shut-in wells in May.
Even if the Strait of Hormuz opened to free tanker traffic today, oil supply from the Middle East will take months to start flowing again and reach consumers in Asia, who were the first to feel the supply shock.
The longer the chokepoint remains off limits to most tanker traffic, the worse the scars would be on global supply and economic growth.
The restart of thousands of oil wells across the Middle East would be a big challenge. Some countries would need weeks, but others – like Iraq – many months to bring ...
🍚 War on Iran & El Niño threaten world rice production
Global rice supply is expected to decline this year as farmers across Asia reduce planting areas due to fertilizer shortages and higher fuel costs linked to the US-Israeli war on Iran, while an emerging El Niño weather pattern is also likely to further limit production of the world’s most widely consumed staple.
The impact of the war in West Asia is being felt by farmers in major exporting countries such as Thailand and Vietnam, as well as in import-dependent nations like the Philippines and Indonesia, according to growers and traders. Disruptions to fuel and fertilizer shipments through the Strait of Hormuz, a key global shipping chokepoint linking the Gulf to international markets, have contributed to the strain.
Smallholder farmers in Southeast Asia are also facing added pressure as El Niño is expected to bring hotter and drier conditions in the second half of the year.
🔗 The Cradle
🛢 “Why aren’t oil prices higher?” “How can the oil market be so complacent?”
Oil prices almost always trade to extremes. Right before it does, it always gets “obvious” from a fundamental setup standpoint.
I remember a great conversation I had with Nelson Wu of Open Square Capital about the oil market being analogous to toilet paper. You don’t realize how badly you need it until you run out of it.
Oil prices trade on the margin. As long as there are onshore inventories to draw from, traders don’t panic. It’s when you run low on onshore inventories that panic starts to set in.
Goldman published an update on Thursday that basically captured the storage math phenomenon that we are seeing:
Global visible total oil inventories remain bloated relative to historical standards. If, for example, we had started the conflict with global oil inventories at the 2025 lows, WTI and Brent would already be above $200/bbl.
The ~1.4 billion bbl cushion at the start of 2026 is what gave the US ...
