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It drives me mad that rare earth stories don’t include the key $$$ context. So here it is: the US imported last year $170 million of rare earths metals. For comparison, the US imported $3.4 billion worth of avocados in 2024 (that’s 20 times more) nytimes.com/2025/04/14/us/…

This is far — FAR — worse than the Trump’s trade war. UK gov has banned *personal* imports of EU cured meats and milk products (that’s ibérico ham and a local Pyrenees cheese for me) to stop the spread of an animal disease. Commercial imports are, for now, unaffected. And yes,

President Donald Trump launched a probe into the need for tariffs on critical minerals, the latest action in an expanding trade war that has targeted key sectors of the global economy bloomberg.com/news/articles/…

"non-negotiable."

China is open to trade talks with Trump -- but with conditions. bloomberg.com/news/articles/…

China Appoints New Top Trade Negotiator—China named a new top trade negotiator, Li Chenggang, the likely point man in talks Beijing hopes to start with Washington. President Trump said in a statement Tuesday that “China needs to make a deal with us.” wsj.com/livecoverage/s…

OIL MARKET: The OPEC+ oil cartel has announced a new round of "compensation" cuts by the countries cheating on their output target. As it's relevant, here's the link: opec.org/pr-detail/1360… But everyone in the market knows by now none ever implement the compensation cuts #OOTT

This is the biggest blow so far against the US wind industry from the Trump administration. Norwegian company Equinor said in January that "construction ha[d] already begun."

“The company pursued too much looking to build new low carbon businesses” — BP Chairman Helge Lund | #OOTT $BP

“We were optimistic for a fast [energy] transition but the optimism was misplaced” — BP CEO Murray Auchincloss | #OOTT $BP

Outgoing BP Chairman Helge Lund receives a near 25% vote against his reelection at the annual general meeting. For a top FTSE100 company, that’s a massive rebuttal. Lund has already announced he will leave in “due course,” but it’s clear 1/4 of shareholders want him out now.

MIDDLE EASTS POLITICS: Saudi Defense Minister Prince Khalid bin Salman has travelled to Tehran to visit his Iranian counterpart. It's the highest member of the Saudi royal family to travel to arch-rival Iran in many, many years | #OOTT #SaudiArabia #Iran

Saudi Arabia’s Defense Minister Khalid Bin Salman met Iran’s Supreme Leader Ayatollah Ali Khamenei on Thursday, a sign that Riyadh is taking an active role in efforts to avoid a major security crisis between the US and Tehran bloomberg.com/news/articles/…

Trump: I wouldn't say I waved off an attack on Iran but I am not in a rush to do it

🚨The Omani foreign ministry issued a statement after the talks concluded stressing that Iran and the U.S. "have agreed to enter into the next phase" of the negotiations with the aim of sealing "a fair, enduring and binding deal which will ensure Iran completely free of nuclear

I've seen things, you people wouldn't believe, WTI on fire at minus $40 on the New York Mercantile Exchange, I watched billions evaporate in the dark of negative prices…