The UAE Exit Did Not Move Brent, and That Is the Story
OPEC's third-largest producer walked out and Brent settled flat — with Hormuz closed, the cartel's loudest defection didn't move a barrel.
Yosef Stern
Bureau: Jerusalem
Brent Climbs Above $111 as an Eight-Day Rally Prices In a Longer Blockade
Eight straight up days have moved the curve from pricing a scare to pricing a blockade with a calendar.
Iran's Rial Hits 1.8 Million per Dollar as the Hardline Camp Splits Over Talks
The rial hit 1.8 million per dollar in the open market as a public Tasnim-Raja split made the currency screen the operating chart of an internal hardline rift.
Qatar Backs the Pakistan Relay and Calls Hormuz a Pressure Card That Cannot Stand
Doha is the first GCC capital to publicly endorse the offer Trump rejected — and it has named the strait a 'pressure card.'
CENTCOM Releases a Boarded Cargo Ship for the First Time, Adding a Search-and-Release Step to the Blockade
U.S. Marines fast-roped onto the Blue Star III, searched it, and let it sail — the first publicly announced release the blockade has produced.
A Second Week of Hormuz Boardings Ends Without a Fatal Sea Encounter
Two weeks into the blockade, no exchange of fire at sea, no crew killed, no IRGC speedboat lost — the absence is what the paper is tracking.