US continues to drain SPR to export oil to Asia
SPR down 5.22MM last week (-22MM last month) US oil exports 4.75MM last week Source: www.zerohedge.com
Trump just announced "Project Freedom," a U.S.-led operation to escort trapped ships out of the Strait of Hormuz starting Monday.
- Dozens of neutral vessels from countries with no role in the conflict have been stuck in the Strait, running low on food and supplies - Trump says the U.S. will guide them safely out as a humanitarian gesture - Trump warned that any interference with the process "will have to be dealt with forcefully" - He added that U.S. representatives are having "very positive discussions" with Iran and that talks could lead to something positive for all sides Will Iran allow this or will they start firing on ships crossing and talking up their mines again?
CHINA HAS NEVER DONE THIS BEFORE.
China just officially told its companies to ignore US sanctions on Iranian oil and keep buying. China bought more than 80% of all oil Iran exported in 2025. The US sanctioned five Chinese refineries and froze their assets to stop this. China's response was to issue a formal government order stating the sanctions "shall not be recognised, implemented, or complied with." The US is trying to cut off Iran's oil revenue to pressure Tehran. China just made that strategy impossible to enforce. Source: Bull Theory
The Pentagon just announced 15,000 service members, guided-missile destroyers, over 100 aircraft, and unmanned platforms deployed to the Strait of Hormuz. Operation begins Monday morning.
Meanwhile, a senior U.S. official then told CNN, on the record, that Project Freedom "is NOT an escort mission." The Wall Street Journal said the same. The administration is calling it a coordination framework. Governments talking to insurance companies talking to shipping firms. 15,000 troops. 100 hundred aircraft. Guided-missile destroyers. Coordination framework??? really? Source: Brian Allen
Trump to be briefed on new military options for Iran.
CENTCOM Commander Brad Cooper is set to present updated plans for potential military action, per Axios. The briefing signals the US is weighing a return to major combat operations amid stalled negotiations. Options under consideration include escalation to break the deadlock or delivering a decisive strike before ending the conflict. Source: Bull Theory Activate to view larger image,
DONALD TRUMP JUST ERUPTED ON GERMAN'S CHANCELLOR MERZ
"The Chancellor of Germany, Friedrich Merz, thinks it’s OK for Iran to have a Nuclear Weapon. He doesn’t know what he’s talking about!" "If Iran had a Nuclear Weapon, the whole World would be held hostage. I am doing something with Iran, right now, that other Nations, or Presidents, should have done long ago." Source: Eric Daugherty @EricLDaugh
UAE could now potentially produce more oil than the OPEC+ quota previously allowed them…
This move could force others to follow. Oil supply is going UP. Source: Geiger Capital
Trump's message is simple: A deal happens on his terms, or it doesn't happen at all.
"A DEAL WILL ONLY BE MADE WHEN IT'S APPROPRIATE AND GOOD FOR THE UNITED STATES." "I am possibly the least pressured person ever. I have all the time in the World, but Iran doesn't. The clock is ticking!" Trump says "the clock is ticking" for Iran and he has "all the time in the world" to make a deal. Says Iran's navy is "at the bottom of the sea," air force is "demolished," leaders are "no longer with us," and the blockade is "airtight."
