Oil market is now absolutely bizarre. In reaction to Trump’s brilliant speech, WTI has surged past Brent. The only reason I can think of for that is a large part of the oil market is piling into acquire North American oil for shipment, expecting Brent supplies to be erratic.
For Trump, that is a disaster, because price at the pump for American consumers is a direct function of WTI. It started this week below $4/g, now at $4.08.
Hegseth just fired Army CoS, so I guess the war isn’t going that well after all. Replacement is in due to his loyalty to Trump. I am sure it will work out well
Seems a jet has been downed over Iran. Some conflicting reports as to what exactly it was so won’t post any of them until it’s known, I suppose. Iran says F-35, others say F-15. Enough to suggest that the likelihood of a combat loss is fairly high.
The crew members underscore the political cynicism of Trump not seeking legal authority to make this conflict a war. Their status as prisoners of war should they be captured is no clearer than the status of Guantanamo detainees as PoWs.