JUST IN: Azerbaijan sends 82 tons of humanitarian aid to Iran

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White boy had more than a little Jungle fever:

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There is a historic divergence in oil prices across regions:

Oman crude prices are up to ~$154/barrel, crossing $150 for the first time ever.

At the same time, Dubai crude is up to ~$130/barrel, while Brent is trading at ~$102 and WTI at ~$93.

In other words, the gap between Oman and US prices now stands at ~65%, or ~$61 per barrel.

By comparison, before the Iran War, the difference between all benchmarks was just $5 in January and February.

Brent and WTI are priced based on US and European supply conditions, while the actual disruption is concentrated in the Middle East, meaning they do not fully capture the severity of the physical shortage YET.

If the Strait does not reopen, this divergence will narrow, as Brent and WTI will ultimately reprice higher once US and European oil reserves are depleted.

The global oil market cannot sustain prolonged Middle East disruption.

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Boomers realizing they can’t sell their overpriced property cause no one can afford it

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The world is healing

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Transitioning in a marriage is spousal abuse

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BREAKING: Iranian missiles have struck multiple points in Riyadh, Saudi Arabia

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Israel’s Defense Forces said Wednesday that Iran’s intelligence minister, Esmail Khatib, had been killed in a “targeted strike” in Tehran, marking the third assassination of a high-ranking official in just two days.

Iranian President Masoud Pezeshkian confirmed Khatib’s death in a post on X.

“The cowardly assassination of my dear colleagues Ismail Khatib, Ali Larijani, and Aziz Nasirzadeh, alongside some of their family members and accompanying team, has left us in deep mourning,” Pezeshkian wrote.

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Ukrainian military recruiters killed another guy during forced mobilization

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FED HOLDS RATES STEADY

The Federal Reserve leaves interest rates unchanged.

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BREAKING: Qatar says Iran attack sparks fire in area hosting major gas facility

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BREAKING

Fed keeps rates UNCHANGED.

Markets expected this.

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NOW - FED Chair Powell says rising energy prices will push up inflation, and it is too early to judge the magnitude

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Despite their reputation, community college bachelor's degrees aren't associated with that much worse earnings premiums than normal bachelor's degrees, and they seem much better than associate's degrees

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Fed left dots unch from december but spiked inflation expectations for 2027 for both headline and core to 2.7% (vs 2.4% and 2.5%), so worries about oil-driven inflation are there

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The Fed is very split on 2026 rates (but not as bad as December, when it was a 7-way split)

7 expect no cut

7 expect 1 cut

2 expect 2 cuts

2 expect 3 cuts

1 expects 4 cuts (Miran)

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2027 dots are even nuttier:

1 expects a rate hike

3 expect no change

4 expect 1 rate cut

6 expect 2 rate cuts

3 expect 3 rate cuts

1 expects 4 rate cuts

1 expects 5 rate cuts

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The isolator

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