Lashing out at his country’s critics, Israeli Prime Minister Benjamin Netanyahu angrily dismissed allegations of Israeli genocide in Gaza as “the biggest lie of the century” in a defiant speech to the U.N. General Assembly that asserted his nation’s right to wage war against Iran. Scores of delegates trooped out of the hall in protest. Netanyahu addressed the plenum after days of speeches by world leaders condemning Israel’s war in Gaza and accusing him of orchestrating a genocide against the Palestinian people. At times, the Israeli leader, facing a tough race for re-election next month, became emotional and indignant as he lectured his critics, among them New York’s mayor. Netanyahu, his voice rising in emphasis, said attacking Iran “was one of the easiest decisions I’ve ever had to make” and denounced as “moral cowards” a mass of delegates who walked out of the hall when he took the podium to speak. “In defending itself, Israel is also defending many of the countries whose delegates just left this hall,” Netanyahu said. “In fact, I want you to know that many of their leaders even thank us privately for taking out Iran’s nukes.” When Netanyahu walked to the rostrum, a mix of cheers, boos and mass walkouts erupted. Scores of delegates marched out and a majority of visible seats sat empty afterward. “Order in the hall, please,” General Assembly President Khalilur Rahman said repeatedly. “If there are any other moral cowards who have not yet left this hall, please do so now,” Netanyahu said. Netanyahu’s remarks — which at times sounded like a stump speech — were aimed largely at the audience at home as the country prepares for elections on Oct. 27. It was delivered during the evening prime time in Israel and filled with standard talking points used to defend policies in the occupied West Bank and treatment of the Palestinians. Netanyahu reminded the assembly of the scale of the Oct. 7, 2023, attack in which Hamas militants killed about 1,200 people. “This is equal to 40,000 innocent Americans slaughtered in less than 24 hours,” he said, or 16 times the death count of the 9/11 attacks that left nearly 3,000 people dead in New York and more in Pennsylvania and at the Pentagon. Netanyahu said the attack left Israel with no choice but to hit Hamas hard.
US-Iran talks in technical stage….. Pezeshkian: Hormuz proposal awaits Trump’s approval
Negotiations between the United States and Iran entered the technical stage, an Al-Jazeera reporter unveiled on Friday, citing sources. The sources went on to add that the discussions are taking place in New York, with the atmosphere being described as “increasingly positive.” The media outlet revealed that technical experts joined the talks following an initial meeting with Special Envoy to the Middle East Steve Witkoff and Special Envoy for Peace Missions Jared Kushner was held. It was further mentioned that the visa approvals were given to the Iranian delegation after primarily not being given. Neither the US nor Iran officially confirmed the progress in negotiations.
Pezeshkian: Hormuz proposal awaits Trump’s approval
Iranian President Masoud Pezeshkian told CBS’s Margaret Brennan that his country is waiting for a greenlight from United States President Donald Trump regarding Tehran’s proposal on opening the Strait of Hormuz. According to Brennan, Pezeshkian dismissed her questions “about having to take shelter amid US bombardment and the irony of now being granted American security protection & a US visa during his visit to NYC this past week.” The full interview is set to be shown on ‘Face the Nation’ on Sunday,
NN: This next deal no deal that will soon fall apart may just happen. Be prepared to buy the drop.
Crude Oil drops on hopes the Straights will be opened up
Crude oil futures decreased by 2% on Friday, as investors assessed prospects for a peace agreement between the United States and Iran. Recent media reports claimed that Washington and Tehran supposedly considered a phased deal that could include reopening the Strait of Hormuz and also lifting a US blockade of Iranian ports. In addition, US President Donald Trump confirmed that representatives from both countries held talks through mediators on the sidelines of the United Nations General Assembly (UNGA) in New York. West Texas Intermediate (WTI) for November settlements slipped by 2.28% at 8:07 am ET to sell for $92.48 per barrel. Meanwhile, Brent for the same month’s deliveries decreased by 1.61% to $104.91 per barrel.
NN: Swan Song…. Where have i heard this shit before. Like 30 times before. If they announce another dead it won’t stick. But it will be good for a drop in Brent to the lower nineties,,,,, Where we can complete doubling down and building our reverse pyramid.
Please review our previously posted Black Mask Trade Reco’s in Brent Crude Oil.
A Deal For a Phased in Opening of Hurmuz is Close
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions. Another trick from the Iranians to buy time. The two countries — which have both refused to make similar agreements in recent months — were making a push for a breakthrough Thursday on the sidelines of the United Nations General Assembly, the person said, declining to be named discussing private matters. Qatari officials are mediating the negotiations. A sequenced deal would be similar to the memorandum of understanding that the US and Iran struck in mid-June, which led to a fragile ceasefire that collapsed just weeks later. A White House official said President Donald Trump remains open to talking with Iran but stressed the US didn’t need to negotiate because it was in a strong position as a result of an escalating sanctions campaign and an ongoing naval blockade pressuring Iran’s economy. Oil fell on reports that US and Iranian negotiators were exploring a phased deal, with global benchmark Brent sliding toward $106 a barrel after rising more than 7% over the previous two days. White House special envoy Steve Witkoff said on social media this week that mediators had spent much of the day shuttling between US and Iranian officials during extended discussions.
NN: As per our previous trade reco we need to double down on this oil pullback. Understand the trick. Trump needs the headlines to report energy prices are coming down for the midterm elections. Iran needs time to rearm and restock its consumer goods economy. As has happened with all the other deals this one will unravel and it will be off to the races. I expect if the deal is done for Brent to fall into the nineties. This is a extradentary Double Down buying opportunity.
Its just not this easy. Iran cannot help themselves. Like has happened over thirty times before this deal will fail. Oil goes down when their is talk of a deal or one is partially enacted. Only to go right back up again when talks fail. The same thing will happen this time. Here is a list:
| Date | What Trump said |
|---|---|
| Mar 9 | War against Iran “is going to be finished pretty quickly” |
| Mar 11 | “We won… In the first hour, it was over” |
| Mar 13 | War will end “when I feel it in my bones” |
| Mar 15 | Iran is “decimated,” though not “declaring it over” |
| Mar 23 | “Major points of agreement” / “almost all points of agreement” reached |
| Mar 25 | Iran wants to “make a deal so badly” |
| Mar 26 | At a Cabinet meeting: Iran is “begging to make a deal” |
| Mar 29 | Aboard Air Force One: “I do see a deal in Iran, yeah” |
| Apr 6 | They had been “very close to a deal” before a setback |
| Apr 7 | Ceasefire announced; sides “very far along,” deal to be “finalized and consummated” within two weeks; “an Honor to have this Longterm problem close to resolution” |
| Apr 15 | Told Fox Business: “I think it’s close to over” |
| Apr 17 | “We will get a deal in the next day or two”; also: “Iran has agreed to never close the Strait of Hormuz again” |
| Apr 21 | Unilaterally extends ceasefire, pending a “unified proposal” from Iran |
| Apr 30 | Iran is “dying to make a deal” |
| May 1 | “I think we’re going to be finished with that very quickly” |
| May 18 | Delays strikes “two or three days” because regional countries “think they are getting very close to making a deal” — while conceding past predictions like this “didn’t work out” |
| May 19 | At a Congressional picnic: war will end “very quickly” |
| May 23 | On Truth Social: agreement “largely negotiated,” details “will be announced shortly,” including reopening the Strait of Hormuz |
| May 28 | Sides close to a “very good deal” |
| May 29 | Heads to the Situation Room for a “final determination” — meeting ends without one |
| Jun 1 | Iran “really wants to make a deal”; tells critics to “sit back and relax” |
| Jun 5 | Calls it “practice,” not really a war |
| Jun 9 | “We’re in the final throes of what will be a very, very good deal,” signable “in two to three days”; also told Axios “we are very close to a final deal” (at least his third such claim to Axios specifically) |
| Jul 11 | Original ceasefire collapses after attacks by both sides |
| Aug 3 | Calls off a threatened strike, says regional diplomacy opened “a path to a deal”; talks to “start today” |
| Aug 5 | “It could happen. Tomorrow or the next day,” re: reopening the Strait of Hormuz; says Hormuz “is going to be open very soon” |
| Aug 5–6 | Treasury Secretary Bessent also says a Hormuz deal “could be expected in days” (echoing Trump) |
| Aug 12 (week of) | Iran/Oman reported “final stages” of a Hormuz shipping deal; Trump again says agreement “could happen” as soon as Wed/Thu |
| Aug 14 | Says he’ll declare the Strait of Hormuz US territory once “we finish defeating Iran,” claims will happen “pretty soon”; days earlier claimed the US has “total control” of the strait |
| Aug 17 | The 60-day window from the June memorandum expires with no deal; Trump threatens to “bomb the shit out of” Oman if it “gets in the way” |
| Sep 22 | At the UN General Assembly, says a deal with Iran is close |
A little recent history lesson below
- September 8, 2026 — Houthi forces attack southern Saudi Arabia; Saudi authorities report 73 wounded, with damage to energy infrastructure.
- Sept. 25 — Houthis capture Mocha, a Red Sea port roughly 80 km from Bab el-Mandeb.
- Thursday — MBS calls Trump twice urging strikes on the Houthis; Trump declines. US CENTCOM chief Admiral Brad Cooper travels to Saudi Arabia for coordination meetings.
- Friday — Four Yemeni government sources report Houthis have taken Perim Island in the Bab el-Mandeb; two more sources report Houthi capture of Dhubab on the mainland. Satellite imagery shows black smoke near Saudi’s East-West pipeline (unconfirmed as an attack). IEA reports Saudi crude supply fell 2.3 million bpd in August to 6 million bpd — lowest in three-plus decades. Brent crude moves above $100/barrel, on track for a weekly gain over 8%.
- September 25 US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports.
Ukraine drone strike hits Perm oil refinery
A Ukrainian drone strike hit a major oil refinery in Russia’s Perm region, located about 1,500 kilometers from the border, according to unconfirmed reports and regional authorities. Footage circulating on social media showed the unit ablaze and multiple fires burning. “Air defense forces and mobile fire teams have been repelling the attack since early morning. An industrial facility was also targeted,” said Dmitry Makhonin, governor of Perm region.Preliminary reports indicated no casualties at the site, as emergency services remain active at the scene.
Ukraine attack damages oil refinery in Russia’s Rostov
A Ukrainian attack damaged the Novoshakhtinsky oil refinery in Russia’s Rostov region on Friday, regional governor Yuriy Slyusar said. “There were no casualties. The company temporarily suspended work,” he added in a post on Telegram. This would appear to be the second Russian oil refinery that was hit overnight, following reports of a strike on a major facility in the Perm region. Ukraine also reportedly hit a military-industrial enterprise in Russia’s Ulyanovsk.
US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens
Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007.“People are running out of superlatives for the yield on the 30-year bond,” said Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle. “Investors are saying, ‘Look, if we’re going to lock up our money for 30 years, we need much higher compensation.’”
Pressure on long-dated bonds has mounted as economic growth, elevated energy prices as well as inflation and heavier government borrowing prompt investors to demand more compensation for locking up money for decades.
The continued rise of the 30-year yield undercuts the Treasury Department’s efforts to bring down long-term borrowing costs. As the selloff intensified, Treasury Secretary Scott Bessent in mid-August expanded the government’s bond buyback program in an effort to ease pressure — though it’s had little sustained impact in the market.
NN: We have purchased our first layers of our principal portion strips. Our first layer is around 5.25%. Next average point 50 bases points higher around 5.75%. And i hope to get 6% and maybe 6.5% , This is a great trade. As the market is panicking we are toasting the coming joy. Remember these bond fund assholes bought 30 years at 1%. And went all in….. We on the other hand know how to wait for our trade, PLEASE NOTE: Under the bond button we are publishing STRIP quotes UPDATED DAILY!
Iran: We’ll return US to 1970s rates, high gas prices
Iranian Parliament Speaker Mohammad Bagher Ghalibaf vowed on Thursday that his country would return the United States to “1970s [interest] rates, plus high gas prices, diesel shortages, and bell-bottoms.” Ghalibaf also mocked the recent development in the US bond market, wishing “Happy 5.1% 10Y America” after the yield on the ten-year note climbed above the 5% mark for the first time since 2023 earlier this month. “Mashallah. Celebrate: it’s the floor two years out,” Ghalibaf went on in a post on X, adding that nobody told Washington “Iran isn’t for arrogant amateurs.” He also appeared to mock US Treasury Secretary Scott Bessent again, posting a photo that ridiculed his competency
NN: Their is no dealing with these people.
US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens
Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007.“People are running out of superlatives for the yield on the 30-year bond,” said Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle. “Investors are saying, ‘Look, if we’re going to lock up our money for 30 years, we need much higher compensation.’”
Pressure on long-dated bonds has mounted as economic growth, elevated energy prices as well as inflation and heavier government borrowing prompt investors to demand more compensation for locking up money for decades.
The continued rise of the 30-year yield undercuts the Treasury Department’s efforts to bring down long-term borrowing costs. As the selloff intensified, Treasury Secretary Scott Bessent in mid-August expanded the government’s bond buyback program in an effort to ease pressure — though it’s had little sustained impact in the market.
NN: We have purchased our first layers of our principal portion strips. Our first layer is around 5.25%. Next average point 50 bases points higher around 5.75%. And i hope to get 6% and maybe 6.5% , This is a great trade. As the market is panicking we are toasting the coming joy. Remember these bond fund assholes bought 30 years at 1%. And went all in….. We on the other hand know how to wait for our trade,
Oil rises, WTI jumps on supply worries
Crude oil prices rose on Wednesday as supply concerns continued to weigh on the market, fueled by reports suggesting that Saudi Arabia’s East-West pipeline may resume partial operations sooner than a full repair, which could take six to eight weeks to restore the facility to full capacity. Sources cited by The Wall Street Journal noted that the pipeline is currently being tested for “structural integrity” and “pressure.” Namely, Aramco has been forced to reroute deliveries through the Strait of Hormuz, a route the company had sought to avoid by relying on its East-West pipeline, which has a capacity of up to 7 million barrels per day. In addition, geopolitical concerns over the deepening crisis in the Middle East added to pressure on oil prices, after a Saudi airstrike on the strategic Red Sea port city of Mokha killed six civilians.
For November contracts, the West Texas Intermediate jumped 2.37% to $91.76 a barrel. Brent rose 2.03% to $101.24 per barrel at 9:45 am ET.
Diesel Continue to hit New Records
- U.S. diesel prices have surged above $6.50 per gallon, as lost Middle Eastern and Russian fuel supplies collide with limited global refining capacity.
- Washington is debating a diesel export ban to ease domestic prices, but opponents warn it could worsen the global shortage and potentially trigger similar restrictions elsewhere.
- Europe is particularly vulnerable, having closed significant refining capacity while becoming increasingly dependent on imported crude and refined fuels from the Middle East and other regions.
U.S. diesel prices broke another record last week, topping $6.50 per gallon. In Europe, fuel prices are soaring, and shortages are looming over already struggling economies. There is simply not enough refining capacity in the world to make up for the loss of Middle Eastern and Russian barrels. And there is no quick fix. Last week, Russia said it would extend a ban on diesel exports until the end of October, as Ukrainian drone attacks on refineries continued, despite President Donald Trump’s call on the Zelensky government to stop attacking energy infrastructure, blaming the diesel price surge solely on those attacks. The latest attack came on Sunday, targeting one of Russia’s largest refineries. However, the loss of fuel supply from the Middle East is much larger, the Wall Street Journal reported last week, citing figures from the International Energy Agency showing the amount of diesel output lost in the Middle East was three times as high as lost Russian supply. Now, there are calls in Congress for a U.S. ban on diesel exports. The fact is that over the past decade or so, a lot of refineries have been shut down under pressure from the net-zero movement that has come to dominate energy policies, mainly in Europe, but also in the U.S. under Democratic administrations. Refining had become a losing game for many, so they either shut down or converted their capacity to biofuels. While refineries closed in Europe and the United States, however, Middle Eastern petrostates built new ones, coming to account for a bigger portion of global refining capacity. Now, that capacity has been compromised – and some of it has been damaged by Iranian strikes on Gulf energy infrastructure – and there is no one to pick up the slack, with U.S. refiners already operating at rates as high as they can. There is no solution to the world’s fuel problem in sight. Tanker traffic via the Strait of Hormuz remains severely depressed, Ukrainian drone attacks on Russian refineries continue, and if the U.S. bans diesel exports, according to the WSJ, China and India may follow its example, plunging the rest of the world into hitherto unseen levels of fuel shortages. The biggest loser of the situation, it appears, will be Europe, due to its heavy dependence on energy imports in both crude oil and refined products, and its shrinking refining capacity.
NN: IF THE GREEENIE WEENNIES LIBERAL COMMIE FAGOTS DID NOT SHUT DOWN OIL WELLS, PIPLINES,REFINERIES AND NEW PROJECTS. OIL WOUD BE AT $60 A BARREL AND DIESEL FUEL AND GASOLINE WOULD BE UNDER $3.00. AND MIDDLE EASTERN OIL WOULD BE EXCESS SUPPLIES NOT REALLY NEEDED. AND NOT MONEY TO FUND ISLAM TERRORISTS. LOOK THESE GENTIC DEFECTIVE LIBERALS COMMIES ARE AGAINST EVERYTHING. IN PREVIOUS GENERATIONS THEY TRIED TO STOP THE AUTOMOBILE, ELECTRICITY, TRAINS, AVIATION, NUCLEAR ENERGY. THEY HAVE TRIED TO STOP ALL ADVANCEMENTS OF MANKIND. IF THEY HAD THEIR WAY WE WOULD LIVE IN GRASS HUTS FORGING FOR WILD BERRIES AND BUGS TO EAT