Gregory’s Newsletter

Lions. Brent reached about $79.39 after hours and WTI about $74.74 after additional US military strikes, but IMO, could push toward $90. Lions… the key point is this is no longer just a crude oil price story. This is the inflation transmission line reactivating.

Lions! As usual. All the articles I covered here are in your inbox. (Read them. Share them).

Lions… just when you thought. Ok, so….Netanyahu is now warning Americans that Iran would not hesitate to use chemical weapons on them. Lions. This looks like the next WMD fear-pivot, after the nuclear story started getting soft. Click HERE

Lions. Trump saying he has no desire for a full return to war with Iran gives Wall Street a reason to buy the dip. Trump said he does not think the Iran conflict will start again in full…. (he wants to keep the stock market elevated).

Lions. The Fed’s June statement itself admitted inflation remains elevated, and pointed to supply shocks, including energy, while also noting uncertainty tied partly to the Middle East conflict. Sure they are.

So Lions…the question must be asked. For MONTHS NOW, the entire war framework was wrapped in one word. Iran was presented as an immediate threat. The public was told the danger was urgent. The bombing, the sanctions, the military pressure, the naval deployments, the threats, the regional escalation, all of it was justified under the same banner. Lions. If the nuclear threat was so urgent that war became necessary, why are inspections suddenly not urgent? That is a massive contradiction.

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Trump launched new strikes against Iran, and he said specifically… “I don’t want to deal with them anymore.” Trump further said: “the ceasefire is over!” With that, stock futures are cratering, energy/crude oil prices are skyrocketing… and the 10yr yield has jumped to 4.57%.

Tankers hit near Hormuz. Shipping risk raised to severe. Oil waiver yanked. US launches strikes. Iran threatens response.

Lions. CENTCOM announced a series of “powerful” US strikes against Iran. US strikes hit Iranian military targets near the strait, including air defense systems, drone launch sites, surveillance equipment, anti ship and surface-to-air missile installations, and port infrastructure.