We know what’s coming and we are prepared.
:
๐ฎ๐ท๐ฎ๐ฑ - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.
๐ฌ๐ง๐ฎ๐ถ - A drone struck British Castrol oil warehouses in Erbil, Iraqi Kurdistan, causing extensive damage.
๐ฎ๐ท๐ฎ๐ฑ - Iran launched 9 missiles towards Israel this morning alone, with at least 3 of them being cluster missiles.
๐ฑ๐ง๐ฎ๐ฑ - Over the past 12 hours, Hezbollah launched counterattacks in Khiam and Qantara, in the Nabatieh direction, southeast Lebanon. Hezbollah recaptured northern Khiam, with fighting ongoing for the south of the town. Hezbollah units also re-entered Qantara; frontline sources reported clashes in the center of the town last night.
๐ฑ๐ง๐ฎ๐ฑ - 48 IDF soldiers have been wounded in clashes with Hezbollah over the last 24 hours in southern Lebanon, according to the Israeli Army.
๐ฑ๐ง๐ฎ๐ฑ - "The Israeli army is barely catching its breath in southern Lebanon, and its resources are less than in the previous round of fighting," - Haaretz.
๐บ๐ธ๐ช๐บ - Trump is "strongly considering" pulling the U.S. out of NATO, in a statement to The Telegraph.
๐ซ๐ท๐ข - France's most popular gas for cars has now reached โฌ2 per liter on average.
๐บ๐ธ๐ฌ๐ง๐ฎ๐ท - "This is not our war; we will not be drawn into the conflict. That is not in our national interest." - British Prime Minister Keir Starmer.
๐บ๐ธ๐บ๐ฆ๐ฎ๐ท - Trump threatened to stop selling Europe weapons for Ukraine unless Europeans joined the coalition to force the reopening of the Strait of Hormuz, the Financial Times reports. NATO Secretary General Mark Rutte referred to Trump's comments on Hormuz as "quite hysterical."
๐ฎ๐ท๐ฎ๐ฑ๐บ๐ธ - Iranian President Masoud Pezeshkian, in his letter to the American public, said the U.S. is the party that has abandoned past agreements while escalating tensions and called out Israeli influence. Pezeshkian urged Americans to look beyond media narratives, calling for dialogue over confrontation and emphasizing that continued conflict would be more costly than cooperation.
๐บ๐ธ๐ฎ๐ท - Iran is not currently willing to engage in any substantial negotiations over ending the war, according to The New York Times. U.S. officials told the Times that Iran believes it is currently in a strong position in the war and has no reason to accede to American demands.
๐ฎ๐ท - "About 400 cargo ships and others are standing behind the Strait of Hormuz or around the Iranian islands, waiting for an Iranian permit," - Mehr News, an Iranian outlet.
๐ฎ๐ท๐บ๐ธ - An Iranian senior source told Reuters that no discussions have been conducted through mediators for a temporary ceasefire.
๐บ๐ธ๐ฎ๐ท - President Trump said the war was almost finished and that, if a deal was not made, the United States would strike Iranian energy infrastructure. He also urged other countries to try to open the Strait of Hormuz. He repeated points he has made multiple times before and did not declare an end to the war.
๐บ๐ธ๐ข - WTI and Brent crude oil have both surged after President Trumpโs speech. WTI is now over $104 a barrel, and Brent is at $105 a barrel.
Here's our recap from yesterday: https://x.com/officialrnintel/status/2039176734172483725?s=20
๐ข How Long Can Demand Destruction Keep a Lid on Oil Prices?
In a somewhat puzzling market development, oil prices haven't spiked yet to record highs amid the worst supply disruption in history.
That's because the market still hopes for a quick resolution to the Strait of Hormuz crisis (for more than three months now), global inventories have offered a supply buffer, the world's top crude importer, China, is staying away from spot purchases, and last but not least, demand destruction is accelerating amid the high prices.
The oversupply with which the market faced the beginning of the Iran war has helped to ease the upward pressure on oil prices as the conflict enters its fourth month. But global stocks, except in China, are being depleted at a record pace, suggesting that the buffer is stretching thin and the true magnitude of the supply loss will hit the market very soon.
Excluding China, which has accumulated large buffer stocks of more than 1.2 billion barrels over the past year, the rest of the ...
๐บ๐ธ๐๐ข Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers
While US farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel.
Prices for the fuel that powers tractors, combines and grain trucks have surged as the war in Iran disrupted global oil flows, catching many producers who expected lower energy costs this year off guard. In Illinois, the top US soybean-producing state, farm diesel averaged a record $5.41 a gallon at the start of May, nearly double the price a year earlier.
Current costs, which have moderated some in recent weeks amid prospects for a US-Iran peace deal, still rival levels last seen in 2022 after Russiaโs invasion of Ukraine, adding a fresh burden for farmers already facing weak crop prices and mounting financial pressure.
Marty Richardson, who grows corn and soybeans and raises cattle in Missouri, experienced the sticker shock ...
Marylandโs Democrat Governor Just Signed a Law Banning the Most Popular Handgun in the United States
https://www.thegatewaypundit.com/2026/05/marylands-democrat-governor-just-signed-law-banning-most/
