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#US & #Iran Agree “In Principle” to Reopen #StraitOfHormuz, US Official Says

The official said Iran had also agreed to dispose of highly enriched #uranium, but stressed that a deal had not yet been signed. US & Iranian officials have described the terms differently.

#TrumpsWar #IranWar #Trump #WarCrimes #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
nytimes.com/live/2026/05/24/wo…


In case you’re still reeling from the #MAGASlushFund news & are too outraged to heed other news of the day…

#House #Oversight Cmte is interviewing Tova Noel, the fmr guard who was working the night that #Epstein died in a NY jail cell in 2019.

#Treasury Secy #ScottBessent said the #US will extend by another 30 days the ability of countries to import #Russia #oil already in tankers at sea, a move meant to reduce oil shortages caused by the #IranWar [& enrich #Putin].

apnews.com/live/trump-administ…


An Oklahoma family was forced to abandon their home after it filled with slick, black goo, reaching gas concentrations at explosive levels.

Despite ample evidence of oil and gas pollution, state regulators say they cannot help.
propublica.org/article/oklahom…

#News #Oklahoma #Oil #Gas #Energy #Environment #Pollution #Family #House


Okay, if this is real, this is worse than I was expecting. I've been thinking about secondary outputs but I've been thinking way more about plastics, inks, other secondaries.

I have been worried about products shortages but maybe not enough. I am and have been assuming that there will be preferential distribution to corporations (which obviously includes most freight) and least preference given to individuals trying to do their own work themselves - e.g., like RAM over the last several months. But I haven't thought about the price side of that.

And holy shit it's gonna get fugly.

So, uh, yeah.

Maybe buy an ebike. Maybe make some plans.

bsky.app/profile/carlquintanil…

#oil #OilPrice #IranWar #fascism #economy #EpsteinWar


#Russia recently killed 24 in #Kyiv in a massive 3 day #drone and #missile wave, a strike on an apartment bldg. Russia in some demented way thinks they are making a point. To who? What is the point?

#Ukraine responds by striking Russia's huge #Ryazan #oil complex. 5% of Russia's entire refining capacity

Look at the #moral equation here

Nevermind that one strike fills Ukraine with more resolve, while the other strike diminishes Russia's ability to engage in #genocide
theguardian.com/world/2026/may…


#Trump #MafiaState #Imperialism

#Cuba Has Run Out of #Oil

Cuba's oil reserves have run dry, its government said, potentially plunging the country into more debilitating #blackouts.

A long-running #EnergyCrisis in the island nation reached a breaking point this week, when government officials said they had run out of reserves.

This whole world runs on #FossilFuels, how stupid is that?

#geopolitics #climate #ClimateCrisis
nytimes.com/2026/05/14/world/a…


A ship anchored off the #UAE was seized & taken toward #Iran & another—a cargo ship near #Oman —sank after being
attacked, authorities said Thursday, as tensions escalated near the #StraitOfHormuz.

It wasn’t immediately clear who was behind these incidents, but they happened as a snr Iranian ofcl reiterated his country’s claim of control over the waterway & another said it had a right to seize #oil tankers connected to the #US.

#IranWar #Trump #law #Congress #WarPowers
apnews.com/article/iran-us-isr…


#US forces fired on & disabled 2 Iranian #oil tankers on Friday after exchanging fire with #Iran forces in the #StraitOfHormuz overnight. The #UAE, meanwhile, reported another Iranian missile & drone attack.

The attacks cast more doubt on a tenuous month-old “ceasefire” that the US has insisted is still in effect. The #Trump admin is awaiting an Iranian response to its latest proposal for a deal to end the #war, reopen the strait & roll back Iran’s #nuclear program.

apnews.com/live/trump-administ…


"I've never seen anything like it before."

Oil storage tanks🚨in the United States will run empty "somewhere in the July 4 period, & in Europe:🚨"sometime in the month of May:
-Carlyle's Jeff Currie."

#IranWar #Oil #Gasoline #Austerity #TrumpRegime #Recession #Kakistocracy #Kleptocracy #USPol
bloomberg.com/news/videos/2026…


The #US #military fired on an Iranian #oil tanker Wednesday as #Trump seeks to pressure #Iran into accepting a deal to end the #war.

A fighter jet shot out the rudder of the tanker in the Gulf of Oman as it tried to breach the US #blockade of Iran’s ports, #CENTCOM posted.

The attack occurred as Iran & the US are supposedly in a ceasefire. Trump threatened Tehran with a new wave of bombing if a deal is not reached that includes opening the critical #StraitOfHormuz.

apnews.com/article/iran-us-isr…


#Trump posted on social media that the war with #Iran could soon end & #oil & natural #gas shipments could restart. But that all depends on Iran accepting a reported agreement that Trump did not detail.

“If they don’t agree, the bombing starts,” Trump wrote.

#MarketManipulation

#TrumpsWar #IranWar #US #war #ForeverWars #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #energy #EnergyCrisis
apnews.com/article/iran-us-isr…


Good morning to readers. #Oil prices have surpassed $114.03 per barrel (+56,48% compared to pre-war).

Attacks on Iran's industrial base have sent the rate of unemployment skyrocketing.

For young people like Nami, their only option is to leave Iran and start their lives anew.

iranwar.news/p/industrial-coll…

#oil


Good morning to readers; #Oil prices have rebounded to above $111,34 per barrel (+52,8% compared to pre-war).

Lilian’s aunt went back home to southern #Lebanon, found half of her house on the ground, grabbed what she could, and left again. Her family doesn’t trust this “ceasefire.”iranwar.news/p/fragile-ceasefi…
#Trump #war #Iran


On April 28, GOP Rep. Jim Jordan accused environmental law scholars of bias, conspiracy and colluding to influence the U.S. judiciary.

The next day, free-market conservatives kicked off a multiday climate skepticism event for more than 150 judges.
propublica.org/article/climate…

#News #Climate #ClimateChange #Science #Oil #Gas #FossilFuels #Law


Meaningless nonsense

#Trump says deadline for #Congress to approve #IranWar doesn't apply: Hostilities have 'terminated'

The White House asserted to Congress in a letter Friday that hostilities with #Iran have “terminated” despite the continued presence of US armed forces in the region.

#TrumpsWar #war #ForeverWars #WarCrimes #RulesOfWar #law #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #oil #energy #EnergyCrisis
apnews.com/article/iran-congre…


"On Wall Street, TACO — Trump Always Chickens Out — has abruptly been replaced as a favorite meme by NACHO — Not a Chance Hormuz Opens. As a result, oil futures have soared. ...

So what is preventing the reopening of the Strait? Three factors:"

~ Paul Krugman

#Trump #Hegseth #Iran #war #StraitofHormus #oil #gas #economy #BrentCrude
/3

paulkrugman.substack.com/p/the…


"Gas is $4.23 today. It was $2.98 sixty-one days ago. The blockade that is driving this price is now explicitly indefinite."

#Trump #Hegseth #Iran #war #StraitofHormus #oil #gas #economy #BrentCrude
/2


"Brent crude surged above $126 per barrel overnight — a new wartime high, the highest level since Russia’s full-scale invasion of Ukraine in 2022 — after President Trump formally rejected Iran’s diplomatic proposal and confirmed the US naval blockade of Iranian ports will remain in effect until Iran agrees to dismantle its nuclear program."

~ Rudy Martinez

#Trump #Hegseth #Iran #war #StraitofHormus #oil #gas #economy #BrentCrude
/1

restoftheworldreport.com/p/the…


SUNFLOWER #OIL SPILLS INTO BLACK SEA AFTER #RUSSIAN ATTACK: On April 27, Russia struck the port of Chornomorsk and destroyed a tank containing approximately 6,000 tons of sunflower oil, which spilled into the port waters and poses a threat to marine and bird life.

kyivpost.com/post/74860


#NEWS OF THE DAY:

#UKRAINE STRIKES KEY #RUSSIAN #OIL REFINERY FOR THE THIRD TIME: On the night of April 28, Ukrainian drones struck Rosneft’s strategic oil refinery in Tuapse. This marks the third strike on the facility in less than two weeks.

kyivpost.com/post/74894


She had no idea that twenty years later, I would watch that same city burn and feel nothing but satisfaction.

Today Kateryna woke up to news that #Ukrainian long-range drones had attacked Russian #oil refineries in #Tuapse for the third time in the past two weeks.


Much damage has been done to our societies and the #climate due to #fossilFuels

The alternative was always there, but it was systematically destroyed

Appreciate the irony though:

Big Oil's decline has been ensured by their greatest triumph, #Trump

The stupid war on #Iran means every country will move off #oil

#China's #EV makers are kings of the world now

"‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, #IEA chief says"

theguardian.com/environment/20…


The #Trump admin is placing economic #sanctions on a major #China based #oil refinery & roughly 40 shipping companies & tankers involved in transporting #Iran oil.

The move, announced Friday makes good on Trump’s threat to impose secondary sanctions on companies & countries that do business with Iran. It’s also part of his #Republican admin’s overall ramped-up campaign to cut off Iran’s key source of revenue — its oil exports.

#MafiaState #RevengePolitics
apnews.com/article/treasury-be…