TRUMP: I HAVE JUST READ THE RESPONSE FROM IRAN’S SO-CALLED “REPRESENTATIVES.” I DON’T LIKE IT — TOTALLY UNACCEPTABLE!
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BRENT CRUDE RISES AS MUCH AS 3.5% TO $104.80/BARREL AT OPEN
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TRUMP WILL PRESSURE BEIJING TO HELP REACH AN AGREEMENT THAT ENDS THE CONFLICT WITH IRAN
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PM asks citizens to work from home, limit gold purchases and stop travelling abroad to conserve foreign exchange
PM of India has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, “For a year, be it any function, we shouldn’t buy gold jewelry,” Modi said on Sunday, as he also asked citizens to cut fuel use and unnecessary overseas travel. India spends a lot on importing gold into the country, and people should refrain from non-essential purchases
The unusual request underscores how the war in the Middle East and the resulting energy shortages are widening India’s trade deficit and weakening the rupee. Gold constitutes the largest share in India’s import bill after oil, and the country is the world’s second-largest importer of bullion.
Modi’s call marked the first time that the leader of the world’s most populous nation had appealed to citizens to tighten their belts since the US attacked Iran
.....now that the elections are over, Modi can be more realistic about the economic issues” from the Iran war. This meant preparing citizens for rises in fuel prices, which have so far been absorbed by the government and state-owned oil companies.
PM of India has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, “For a year, be it any function, we shouldn’t buy gold jewelry,” Modi said on Sunday, as he also asked citizens to cut fuel use and unnecessary overseas travel. India spends a lot on importing gold into the country, and people should refrain from non-essential purchases
The unusual request underscores how the war in the Middle East and the resulting energy shortages are widening India’s trade deficit and weakening the rupee. Gold constitutes the largest share in India’s import bill after oil, and the country is the world’s second-largest importer of bullion.
Modi’s call marked the first time that the leader of the world’s most populous nation had appealed to citizens to tighten their belts since the US attacked Iran
.....now that the elections are over, Modi can be more realistic about the economic issues” from the Iran war. This meant preparing citizens for rises in fuel prices, which have so far been absorbed by the government and state-owned oil companies.
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Oil's Deep Backwardation Is Almost Gone
The cost of a real-world oil cargo is dropping fast as buyers back away, in a dramatic reversal from last month’s bidding frenzy despite the ongoing closure of the Strait of Hormuz.
....Dubai crude market, trading has shifted to dates so prompt that typical benchmark-setting mechanisms for supplies two months ahead have become devoid of activity — adding to the appearance of depressed prices even as the market is still dealing with unprecedented scarcity.
Europe’s spring maintenance season is due to wrap up soon, potentially reviving demand for June cargoes, according to the traders...
“We’ve drilled a hole, a billion barrels worth of a hole, and we’re going deeper and deeper"
The cost of a real-world oil cargo is dropping fast as buyers back away, in a dramatic reversal from last month’s bidding frenzy despite the ongoing closure of the Strait of Hormuz.
....Dubai crude market, trading has shifted to dates so prompt that typical benchmark-setting mechanisms for supplies two months ahead have become devoid of activity — adding to the appearance of depressed prices even as the market is still dealing with unprecedented scarcity.
Europe’s spring maintenance season is due to wrap up soon, potentially reviving demand for June cargoes, according to the traders...
“We’ve drilled a hole, a billion barrels worth of a hole, and we’re going deeper and deeper"
Berkshire and SoftBank are refugees in each other’s countries.
https://www.economist.com/business/2026/05/06/only-one-of-berkshire-hathaway-and-softbank-can-survive
https://www.economist.com/business/2026/05/06/only-one-of-berkshire-hathaway-and-softbank-can-survive
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AN IT EMPLOYEES’ BODY HAS ASKED THE INDIAN GOVERNMENT TO MANDATE WORK-FROM-HOME FOR INDIA’S 5.8 MILLION TECH WORKFORCE FOLLOWING THE PRIME MINISTER’S MESSAGE: ECONOMIC TIMES
LETTER CITES COVID-19 PANDEMIC AS PROOF OF SEAMLESS WFH OPERATIONS
LETTER CITES COVID-19 PANDEMIC AS PROOF OF SEAMLESS WFH OPERATIONS
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IRAN SAYS IT WILL LEAVE NUCLEAR PROGRAM DECISIONS UNTIL ‘TIME IS RIGHT’
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Another Qatar-owned LNG tanker tried to cross Strait of Hormuz today but has U-turned and then stopped for now
Context: https://t.me/MonitoringSituation/4955
Context: https://t.me/MonitoringSituation/4955
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IRAN SAYS DEPLOYED DEEP-ROAMING SUBMARINES IN STRAIT OF HORMUZ
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TRUMP TO FOX: I AM CONSIDERING RENEWING PROJECT FREEDOM
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ELON MUSK, APPLE'S COOK, META'S MCCORMICK, CISCO'S ROBBINS, GOLDMAN SACHS' SOLOMON, AND BLACKROCK'S FINK ARE GOING TO GO TO CHINA WITH TRUMP
*BUT NOT NVIDIA CEO HUANG
*BUT NOT NVIDIA CEO HUANG
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TRUMP: PROJECT FREEDOM WOULD BE PART OF LARGER OPERATION
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TRUMP SAYS WE WILL HIT IRAN THEY HAVE NOT SEEN BEFORE IF DEAL IS NOT REACHED
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