Oil prices tumble on reports the US and Iran are closing a deal
Brent and WTI crude tumbled after news that the United States and Iran are close to a memorandum of understanding to end hostilities and reopen the Strait of Hormuz to commercial shipping. Oil futures fell and global equity indexes rose as the potential deal would restore shipments through the key oil chokepoint, reversing supply disruptions that had delayed hundreds of tankers in the Persian Gulf. Lowered shipping risk would likely cut freight and insurance premiums and relieve upward pressure on fuel prices, directly affecting refiners, shippers, and motorists if the memorandum is finalized.
Russia levels of corruption. “According to our analysis, ~$920 million worth of crude oil shorts were taken 70 minutes before an Axios report claimed the US and Iran were near a "14-point" deal to end the war.” The Kobeissi Letter, analysts of global capital markets. The shorts gained $125m.
Granuailynn10Gee, wonder who in American govt & business would have access to understanding & implementing Russia levels of corruption?🤔 That's a mind bender, I tell ya!😒
lgotts.bsky.social6So there clearly are only a handful of folks with access to such info in advance. At some point, patterns may emerge and identification may be possible. I can’t wait….
Renee Babcock5Might be time to start looking at bank accounts of the inner circle to see who suddenly has large deposits on the dates these announcements are happening. It should be a relatively small number of people.
Seán Miller5Why is this so hard to trace back to a person or entity. Am I led to believe that the IRS wouldn't be interested in getting their share of the $125mil. And if this is illegal then shouldn't the SEC be investigating it? If neither are investigating then I guess we know who's responsible.
aka Uncle Cracker4Bet your ass that Axios principals got a taste of that sweet action as well!
Michele2If this doesn’t spark a revolution to rid us of these corrupt greedy twats, nothing will. While Americans are going bankrupt everyday because of illness, these conmen are coining it in
𝕃𝕒𝕦𝕣𝕖𝕟𝕔𝕖𝕄2Who are the ones losing here ? The illicit gains aren’t coming out of thin air - some others must be being hit badly …
Tonezib2Where's the SEC! Corrupted too.
MayhemMel!2Not all is well in Russia
Dave Antarctica2Markets look like 1928 at this moment
jackmom.bsky.social2Why not Russia? Maybe Donald is paying back Putin for both elections
Eric Lussier2Tomorrow will bring another scandal and the US people will continue 😴
Kai [I am an extraordinarily brilliant person] Kronfield2They learned/are learning from the best. I don’t think all those phone calls with Putin are just them exchanging niceties.
