GateUser-40a7d570

News on Brent crude lately—
Oversupply incoming! Wait, Hormuz is closing. Nah it’s just posturing
Shit, tankers on fire. Ok prices are peaking
False alarm, talks in Oman -nevermind war’s back on. Insurance pulled, strait’s cooked
Maybe it stabilises.. nope, Lytton’s going offline too​​​​​​​​​​​​​​​​. Sh**!

Brisbane’s Lytton refinery (Australia’s largest) is scheduled to go offline for 10 WEEKS of maintenance while the Strait of Hormuz is closed and Australia has crisis levels of reserve diesel left.
This was raised in Senate this week, and the minister’s response was to argue about which party closed more refineries.

Mia Khalifa is going off on social media again and wishing ptsd on US military.
This is the same girl who supported Hamas and told them to “film horizontal” as people were getting massacred.

JUST IN: the UAE has successfully intercepted a total of 645 drones, 161 rockets and 8 cruise missiles.

Nexo returned the US this week. For context, in 2022 they were forced out by Gary Gensler’s SEC which make it impossible to operate
They paid $45m in settlements and watched BlockFi, Celsius, and Voyager all go bankrupt around them.
3 years later, every crypto lender that tried to fight the SEC is now dead. Nexo survived by walking away, kept building in over 150 countries, grew to $11 billion in assets under management, and came back when the environment changed.
They are currently the second biggest lender.
You can borrow against crypto instead of selling, earn yield while you hold, and a

The US has to refinance trillions in debt this year, every 0.25% drop in rates saves around $95 billion annually in interest payments. Lower stock market = money floods into bonds = yields fall = government refinances its debt mountain cheaper.

Few more days and we can can make generational wealth going short on crude oil