Politico: Treasury Secretary Scott Bessent is fielding calls to run for South Carolina's open US Senate seat after Lindsey Graham's death

"Gusher for the world" translation: prepare for fuel shortages.

Now wait until it gets back up over $110 in the coming days, when people realize this is far from over

TRUMP: WAR IS 'TWO WEEKS AHEAD OF SCHEDULE'

TRUMP: I AM PAUSING PERIOD OF ENERGY PLANT DESTRUCTION BY 10 DAYS TO MONDAY, APRIL 6, 2026, AT 8 P.M., EASTERN TIME

*TRUMP ON HIS GIFT FROM IRAN: 8 BOATS OF OIL ALLOWED TO SAIL

👀 EXCLUSIVE- QATARENERGY CEO TELLS REUTERS: WE MAY HAVE TO DECLARE FORCE MAJEURE ON LONG-TERM CONTRACTS FOR UP TO FIVE YEARS FOR LNG SUPPLIES TO ITALY, BELGIUM, KOREA AND CHINA - From Reuters. This is bad.

Massive fires continue to burn into the night at the Port of Salalah in Oman, with the blaze caused by Wednesday’s drone attack against the port by Iran having now spread to most if not all oil tanks at the MINA Petroleum Facility.

WHO REALLY PAYS FOR U.S. TARIFFS? - NY FED In 2025, U.S. tariffs soared from 2.6% to 13%, but nearly 90% of the cost hit American consumers and businesses—not foreign exporters. Sharp hikes on Chinese goods in April and May pushed importers toward Mexico and Vietnam, but most exporters didn’t lower prices, passing the burden straight to U.S. buyers. By year’s end, import prices for tariffed goods were up 11%, forcing firms to shift supply chains and leaving Americans footing the bill.

A new acronym for the meme stocks that just won’t quit!!! PARC!

LUTNICK: INTEREST RATES IN US ARE TOO HIGH

I know I sound ridiculous to the crackpots who have been shouting for years at how nothing can be trusted (and I try very hard not to feed those trolls in order to preserve some measure of utility on this app), but that's why I'm a little (a lot?) uneasy with where I see the debate on this among people for whom I have great respect: If people who are comfortable with measurement error when it understates inflation because they believe the "true" number is lower, those same people sacrifice the standing to object when others dismiss data that overstates something they believe is exaggerated. The value of official statistics is that we commit to the methodology before we see the results. I'm less worried about this particular number than about the principle. Once we accept "the measured number is wrong, but it's wrong in the right direction," we've opened a door that's very hard to close. Everyone has an alternative data source they trust more than official statistics on some question. The whole point of institutionalized measurement is that we're bound by the results even when we don't like them. If we only defer to official data when it confirms our priors, we're just doing vibes with extra steps.