US Oil License Runs Ahead of the Tankers Still Waiting at Hormuz
X calls the oil license surrender or theater; the harder fact is that Washington cleared Iranian barrels to sell through a strait that still charges a toll to cross.
Economy
Ukraine's Battered Power Grid Braces for a Heat Wave It Cannot Cool
MSM tracks the heat as western mortality; the second-order shock is a demand surge landing on the one grid a war already stripped of reserve.
PJM Capacity Prices Hit A Third Straight Record
X blames blackouts on AI data centers or green energy; PJM's auctions price a reserve-margin shortfall that lands on every ratepayer's bill.