Author Archive: Stephen Green

PUMP IT UP: Oil producers vow to boost output as world gauges Iran fallout.

A coalition of OPEC, Russia and allied oil-producing nations agreed Sunday to boost output by a larger-than-expected amount in a move that could help offset any shortfall from Iran amid this weekend’s strikes.

Why it matters: The OPEC+ boost of 206,000 barrels per day is an early sign of how producers and companies will respond to U.S. and Israeli strikes on Iran as the world ponders the effect on oil prices.

Producers and companies also are anxiously watching the situation in the Strait of Hormuz and whether Iranian attacks damage oil infrastructure in Middle Eastern countries.

The big picture: The OPEC+ group “stopped short of a more forceful increase, underscoring the tightrope it is walking between responding to near-term geopolitical risk and avoiding oversupply later this year,” Jorge Leon, a top analyst with research and consulting firm Rystad Energy, said in a note.

But there’s also this: US gasoline prices to rise after attack on Iran, analysts warn.

I topped off the tank this weekend, just to be safe, but pump prices hadn’t spiked.

BRITONS VOTED THEIR WAY IN, BUT LACK THE MEANS TO SHOOT THEIR WAY OUT: Starmer’s parliamentary loss only adds to free fall that appeared to start before Epstein scandals.

The latest blow to Starmer was a stunning loss Friday in a parliamentary vote in Manchester, in which his Labour Party slid to a weak third, hemorrhaging votes on both the right and left.

Starmer was already politically hobbled by the arrest this week of Peter Mandelson, the prime minister’s hand-picked ambassador to the United States. But even before that, voters were souring on Starmer, who was the first left-of-center head of government in the U.K. after nearly 15 years of conservative rule.

In a weekly national tracking poll from before Mandelson’s arrest, the Labour Party had less support than the nationalist Reform UK party, with Reform UK at 28% and Labour at 22%. The Conservative Party, which had provided the five prime ministers that preceded Starmer, was a close third, with 20% support. Labour had a comfortable lead over the two right-of-center parties as recently as December.

The next election promises to be spicy — and putting together a government with that kind of split could be spicier still.

Assuming Labour allows another election, and I’m only half-joking when I say that.

BIRDS OF A FEATHER: Putin Calls Killing of Khamenei a ‘cynical violation’ of morality.

Putin made the statement in a letter to Iranian President Masoud Pezeshkian that the Kremlin released to the public in the wake of Khamenei’s death. Saturday’s bold daytime strikes eliminated Khamenei along with several other top Iranian leaders, including the head of the Iranian Revolutionary Guard Corps.

“Please accept my deep condolences in connection with the murder of the Supreme Leader of the Islamic Republic of Iran, Seyed Ali Khamenei, and members of his family, committed in cynical violation of all norms of human morality and international law,” Putin wrote.

“In our country, Ayatollah Khamenei will be remembered as an outstanding statesman who made a huge personal contribution to the development of friendly Russian-Iranian relations and bringing them to the level of a comprehensive strategic partnership,” Putin continued.

With any luck, those days are over.

NICE:

THE GOODBYE LOOK:

FIRST SECDEF SINCE 9/11 THAT SEEMS HONESTLY INTERESTED IN WINNING:

PRINCIPLES, HOW DO THEY WORK?

1979 WOULD HAVE BEEN THE TIME TO DEESCALATE, TRUMP IS MERELY SETTLING ALL FAMILY BUSINESS:

ARAB-PERSIAN EMNITY HAS BEEN AROUND ABOUT AS LONG AS ARABS AND PERSIANS:

SPOILER: They will not join us in being happy today.

Happy… with a side of schadenfreude:

YES:

Previously: Trump’s international strategy is becoming clearer. “The core goal remains to restore absolute American superiority over China and Russia. But Trump wants to avoid confronting these major rivals directly. He is rather working to isolate Beijing and Moscow from their international partners and deprive them of any major means of external support.”

Update: But you can always count on international leftists, here and abroad, to do or say anything to undermine an America First agenda.

COMMUNISM SUCKS:

UGH:

“It wasn’t as Al Jazeera reported” is basically evergreen.

SO MANY OBAMA MESSES TO CLEAN UP:

WHAT A PITIFUL ATTEMPT AT APPEARING MEANINGFUL:

HMM:

UPDATE (From Ed): Did Trump Just Take Out Iran’s Supreme Leader?

MORE (From Ed): If true, there’s only one man to replace him:

IF LEFTISM IN PRACTICE EVER AMOUNTED TO ANYTHING MORE THAN MAKING SURE THE CORRECT PEOPLE SUFFER, I’M UNAWARE OF IT:

HE WAS BORN A POOR BLACK CHILD:

TEHRAN KEEPS PUTTING THESE THINGS OUT, BUT WHO ARE THEY SUPPOSED TO IMPRESS?

IT’S FLORIDA MAN FRIDAY [VIP]: Drone Warfare Comes to the Sunshine State. “It’s time for your much-needed break from the serious news, and this week, we’ll learn about the last person who should ever dial 911, the first Anti-COVID Prophet, and what they’re doing in Kentucky for mating season.”