More thoughts on why it’s happening

Aramco posts 44% rise in net profit as Iran war drives up oil prices Reuters

Saudi Aramco said it’s looking at options to expand its oil export capacity as the Iran war disrupts flows through the Strait of Hormuz and Houthi rebels threaten shipments in the Red Sea.

UK oil major has had several approaches for its North Sea assets, says chief

Goldman sees Brent at $80-$90 until US-Iran deal or major escalation Reuters

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When wildfire smoke from Canada enveloped the northeastern US a few weeks ago, President Donald Trump seized on the extreme weather he claims is a climate change hoax to announce 50% tariffs on cheese, hockey sticks and some other 500 goods that America imports from its neighbor worth about $20 bill

Turkey calls on Russia, Ukraine to ensure Black Sea safety after drone attack Reuters

FORM 8.3

FORM 8.3