Saudi Aramco Q2 Oil Sales Averaged $108 per Barrel, Ukraine Out of Patriot Missiles, Yen Carry Trade Dying
Today's Digest covers Aramco's profit surge and Hormuz talks, the dying yen carry trade, France's deficit and Fitch downgrade, Kyiv missile strikes, AI wage algorithms, and San Andreas quake risks.
Source: Peak Prosperity
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DW NOTE
Saudi Aramco sold oil at $108 per barrel in Q2 while spot prices fell to $75 on Tuesday — a $32 spread that measures the gap between a closed strait and the market pricing in an imminent deal. Iran says no agreement exists and won't negotiate under military threat. Six vessels transited Hormuz on Monday. The strait has been effectively shut since February.