🇺🇸🚢🇨🇳 Container shipping traffic from China to the US is plummeting:
The number of ships departing from China to the US over the last 15 days has dropped to its lowest since February.
Excluding the Chinese New Year-related decline in February, this is the lowest level in over a year.
Shipping volumes have declined by ~50% since mid-April as reciprocal tariffs began.
This is all despite the US-China 90-day tariff truce announced on May 12th.
The effective US tariff rate on China is above pre-April 2nd levels, at 33%.
US-China trade is coming to a halt.
🔗 The Kobeissi Letter
🛢📈 — Reuters reports that oil is approaching $100 per barrel following the latest exchange of attacks between Americans and Iranians on oil tankers.
▶️The price of Brent crude has risen to $97.07 per barrel, while American WTI crude has risen to $92.28. In the past week, Brent has risen by 7.8%, while WTI has risen by nearly 10%.
▶️On Saturday, U.S. forces attacked three Iranian oil tankers, one of which was stationed near the island of Kharg, a key center for Iranian oil exports. In response, the Islamic Revolutionary Guard Corps announced attacks on three oil tankers in the Strait of Hormuz and three more U.S. ships.
▶️In this context, traffic through the Strait of Hormuz has sharply declined. Over the past 10 days, an average of only 10 cargo ships have transited the strait per day – the lowest level since May.
The WHO now states on its website:
Vaccination against COVID-19 can trigger multiple sclerosis through cross-reactive CD4+-T cells that recognize the spike protein of SARS-CoV-2 and myelin peptides.
In other words: Your own immune system destroys the nerve pathways and then attacks your brain and spinal cord.