The US has natural gas to spare as the world rations

Bessent clamps down on the illicit Iran Oil Trade, freezes $344 Million in Iranian crypto

Hello Capitalists!

Here is everything you should know today:

• US Gas Glut Grows As Iran War Chokes Global Supply

• Treasury Freezes $344M Iran Crypto in Economic Fury

• Trump Fed Pick Warsh Clears Senate Hurdle

• OpenAI Accelerates Amazon Shift After Microsoft Restructure

• Ackman’s $5B Pershing IPO Tests Berkshire Vision

• Bill Maher Pays 60% Taxes, Slams ‘Rich Don’t Pay’ Claim

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Today’s markets + assets - Sponsored by Block Trust IRA

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• 🔴 S&P: $7122.50 (⬇️ 0.23%)

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• ⚠️✅ CBOE VIX Volatility Index: $18.63 (⬆️ 4.49%)

• 🔴 Gold: $4565.40 (⬇️ 0.93%)

• 🔴 Silver:$71.45 (⬇️ 2.41%)

• ✅ Bitcoin: $75,926 (⬆️ 0.40%)

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US Gas Glut Grows As Iran War Chokes Global Supply

The Iran war strangles natural gas supplies, forcing rationing and blackouts in Asia and Africa and raising winter energy risk in Europe, while US Permian producers pay buyers to take surplus gas.

• Permian Basin Gas Glut: Drillers in West Texas and New Mexico extract natural gas a byproduct of crude, glutting the region beyond pipeline capacity to customers or export terminals so producers literally can’t give it away.

• Negative Permian Gas Prices: Producers pay buyers as prices turn negative, lower than ever before with gas so plentiful it exceeds pipeline capacity in the Permian Basin region.

• Benchmark Futures Diverge Sharply: US futures slipped 10 percent since Middle East conflict began already low by international standards while Europe surged about 40 percent and Asia jumped more than 50 percent.

• US Gains Energy Security: Massive gas bounty insulates US from war driven energy shocks creating economic tailwind with cheap supplies for manufacturing input and power demand from artificial intelligence per RBC expert.