Raindancer451

Absolutely, flabbergastingly insane.

BERLIN (AP) - The International Energy Agency agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.

@apnews.com

".. That's obviously an exponential effect for how long the outage continues. One day wouldn't have been a big deal. One week? Probably okay. Once you get to two, three, four weeks, then we really have a global problem in a very big way."

@cnbc.com

Commodity analyst Paul Sankey on CNBC, with an unnerving analogy:

"Some of us are looking at this a bit like what we saw with Covid, where the market seemed to be 'air-walking', regardless of what was clearly a very bad situation -- and then, suddenly, you know, collapsed when it all came home."

Five-byline alert: 🚨

“.. An ongoing military investigation has determined that the United States is responsible for a deadly Tomahawk missile strike on an Iranian elementary school, according to U.S. officials and others familiar with the preliminary findings.”

www.nytimes.com/2026/03/11/u...

Exclusive: Shell declares force majeure to clients who buy Qatari LNG, sources say Shell , the world's largest liquefied natural gas ‌trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday.

Exclusive: Shell declares force majeure to clients who buy Qatari LNG, sources say reut.rs/3Nun8Zi

“.. Shah remarked that the bank’s ‘private markets clients’ were ‘just glad there’s something to talk about that isn’t software exposures and private credit’.”

@financialtimes.com
www.ft.com/content/9232...

Stocks hit session low.

Oil to $88.

@wsj.com
www.wsj.com/livecoverage...

“.. When past presidents balked at the possibility of war with Iran, they weren’t just dodging a hard choice; they were deterred by all of the obvious reasons a conflict could perilously spiral. Nobody should be shocked that the expected is now coming to pass.”

www.theatlantic.com/internationa...

“.. What I’m worried about is $6 a gallon,” he said. “I don’t have a choice. I have a million-dollar business and I have to operate it.”

@nytimes.com ⛽️
www.nytimes.com/2026/03/10/u...

A foreign hacker likely has the Epstein Files.

The best way to prevent blackmail of government officials, such as trump and Howard Lutnick, would be for AG Pam Bondi to stop the cover up and release all the Epstein Files as required by law.

Exclusive: Russia is giving Iran specific advice on drone tactics, Western intelligence source tells CNN | CNN Russia is helping Iran with advanced drone tactics from its war in Ukraine to hit US and Gulf nation targets in the Middle East, according to a Western intelligence official.

Russia is helping Iran with advanced drone tactics from its war in Ukraine to hit US and Gulf nation targets in the Middle East, according to a Western intelligence official.

Maybe Trump just assumes everyone else has swollen ankles

Tillis says he thinks Warsh is well qualified to be Fed chair but isn’t backing down:

“It is unfortunate that an ongoing investigation prevents me from voting for Kevin at this time.”

It's happening.

EGAN-JONES: “.. We hope that our analysis is wrong. However, if we are correct, the longer the combatants are engaged, the worse it will be for all.”

Bloomberg matches the @theguardian.com reporting from yesterday:

“.. Iran has told regional intermediaries that for a ceasefire, the US must guarantee that neither it nor Israel will strike the country in the future, according to several officials ..”

www.bloomberg.com/news/live-bl...

“.. There’s one way out of a box canyon,” he added. “It’s admitting you made a mistake.”

@politico.com
www.politico.com/live-updates...

(Reuters) - U.S. intelligence indicates that Iran's leadership is still largely intact and is not at risk of collapse any time soon after nearly two weeks of relentless U.S. and Israeli bombardment, according to three sources familiar with the matter.

uk.news.yahoo.com/exclusive-us...

Remind me what military branch this super-soldier served in?

Since Trump’s election:

🔵 Democrats have flipped 28 state legislative seats

🔴 Republicans have flipped 0

“.. Chris Wright gave his counterparts in the Group of Seven nations the White House’s position Tuesday morning: A massive intervention in oil markets was premature ..

“.. Less than two hours later, U.S. officials reversed their earlier position ..”

@wsj.com
www.wsj.com/business/ene...

I love the idea that *this* US government, which has been nabbing landscapers and five year olds knows where Iranian sleeper cells are but just hasn’t gotten around to doing anything about it yet.

“.. Mines have been among the most destructive weapons that the U.S. Navy has faced, maiming more ships than any other means of attack since World War II ..”

@wsj.com
www.wsj.com/world/middle...

(Bloomberg) - Deutsche Bank AG flagged a €26 billion ($30 billion) exposure to private credit, an asset class that’s grappling with fund redemptions, scrutiny of underwriting standards and the impact of AI on some borrowers such as software makers

@bloomberg.com
www.bloomberg.com/news/article...

“.. Reopening the strait, military analysts say, may require a ground operation to seize the Iranian coastline.”

@wsj.com
www.wsj.com/world/middle...

Page One.

@nytimes.com

MEISTER: “.. There’s a good chance that we see default rates double in the next few years.”

@financialtimes.com
www.ft.com/content/7ebf...

India Asks China For Urea as War-Induced Gas Crunch Hits Plants India has asked China to allow the sale of some urea cargoes as the war in the Middle East curtails the nation’s gas supplies, threatening fertilizer production in the agricultural powerhouse.

".. a sign of the unusual measures countries are taking to secure key commodities as US-Israeli attacks in Iran snarl global trade and raise risks for food and energy supplies."

@bloomberg.com
www.bloomberg.com/news/article...

“.. If refineries are forced to shut down, it would take at least two months for them to return to normal operations, even after regular shipments return ..”

@nytimes.com
www.nytimes.com/2026/03/12/b...