NYTIMES (Eshe Nelson) - Where in the World Is All That Gold Stored?
As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
AXIOS (Ben Geman) - Iran may have oil options to drag things out
Iran has more cards to play to avoid the U.S. blockade halting its oil output — at least for now, analysts say. Why it matters: Oil is Iran's economic lifeblood, and President Trump hopes blocking exports — which eventually causes production to halt — will force concessions. - But Iran has extra storage capacity, and reportedly can get some tankers through the blockade — so it may be able to resist that pressure for a while longer. - The state of Iran's oil infrastructure could sway regime strategy as the Strait of Hormuz stalemate creates political pain for Trump. What they're saying: The country "may not be in imminent danger of a major crude oil shut-in," writes Antoine Halff, chief analyst with the climate and energy data…
Iran has more cards to play to avoid the U.S. blockade halting its oil output — at least for now, analysts say. Why it matters: Oil is Iran's economic lifeblood, and President Trump hopes blocking exports — which eventually causes production to halt — will force concessions. - But Iran has extra storage capacity, and reportedly can get some tankers through the blockade — so it may be able to resist that pressure for a while longer. - The state of Iran's oil infrastructure could sway regime strategy as the Strait of Hormuz stalemate creates political pain for Trump. What they're saying: The country "may not be in imminent danger of a major crude oil shut-in," writes Antoine Halff, chief analyst with the climate and energy data…Open
NYTIMES (Ian Austen) - Canada Setting Up Sovereign Wealth Fund
Canada’s sovereign wealth fund will be far smaller than ones in other oil-producing nations like Norway and the Middle East.
ABCNEWS - Russian oil to Slovakia resumes flowing through pipeline that crosses Ukraine
Slovak Economy Minister Denisa Saková says the flow of Russian oil to Slovakia through the Druzhba pipeline that crosses Ukraine has resumed
NYTIMES (Tejal Rao) - ‘Wagyu’ Used to Guarantee Quality Beef. What Are You Paying for Today?
Behind the scenes, competing forces battle for the reputation of prestige meat.
HUFFPOST - Oil Jumps, Stocks Ease As U.S.-Iran Ceasefire Hangs In The Balance
Oil prices jumped and global equities pulled back as markets grew increasingly concerned that the ceasefire between the U.S. and Iran might not hold, while tensions over the Strait of Hormuz escalated.
Oil prices jumped and global equities pulled back as markets grew increasingly concerned that the ceasefire between the U.S. and Iran might not hold, while tensions over the Strait of Hormuz escalated.Open
AXIOS (Emily Peck) - The red state gold rush: Why some lawmakers are pushing precious metals
Some red state lawmakers are floating legislation that would make it easier to use gold and silver as currency and to establish gold stockpiles. Why it matters: Lawmakers say that the commodities are a good option for dealing with the burden of rising inflation because the value of gold and silver has increased, while the dollar has not. - "Recognizing gold and silver as legal tender promotes economic justice," reads a draft bill in Georgia. "By allowing citizens of every economic status access to the ability to preserve their wealth by hedging against inflation with precious metals." State of play: The Georgia legislation would authorize "mechanisms" that would let you pay for things in gold and silver, possibly using prepaid debit…
Some red state lawmakers are floating legislation that would make it easier to use gold and silver as currency and to establish gold stockpiles. Why it matters: Lawmakers say that the commodities are a good option for dealing with the burden of rising inflation because the value of gold and silver has increased, while the dollar has not. - "Recognizing gold and silver as legal tender promotes economic justice," reads a draft bill in Georgia. "By allowing citizens of every economic status access to the ability to preserve their wealth by hedging against inflation with precious metals." State of play: The Georgia legislation would authorize "mechanisms" that would let you pay for things in gold and silver, possibly using prepaid debit…Open
NPR (Scott Horsley) - How an ancient resin traded for centuries got snarled up by the Iran war
It's not just energy supplies that have been disrupted by the Iran war. It's also hitting frankincense, a commodity that's been defining trade routes in the Middle East for thousands of years.
NEWSNATIONNOW (Zach Kaplan) - Why the Iran war is disrupting the world’s helium supply
About "33% of the world's helium supply is offline for at least the next three to five years," Cliff Cain told NewsNation.
BITCHUTE - Ep 3877a - Trump Is Projecting What’s Going To Happen When The Strait Is Opened, A Gusher
