Author: BlackMask Financial

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Waltz: US will destroy Iran’s Hormuz network if needed

United States Ambassador to the United Nations Mike Waltz said on Sunday that Washington will destroy Iran’s infrastructure for controlling the Strait of Hormuz, “if needed.” “If the Iranian regime thinks for a second that [US] President [Donald] is going to sit by, stand by, while Iran continues to attack international shipping without a response, or our bases without a response, they’re sadly mistaken, and they saw that loud and clear over the last few nights,” Waltz told Fox News in an interview. “We’ll continue to, militarily if needed, take down their infrastructure that they’re trying to use to, illegally, control an international waterway,” he added. The US envoy to the UN also underlined that it is not only Washington that has a problem with Iran’s control over the waterway, but “the entire international community.”ecasr tsec

NN: What part of beyond necessary it is time to destroy Iran. Where do they find these idiots? Why are we still pussyfooting around with these blood thirsty savages. It is well past time to take them out!

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Iran vows ‘crushing response’ to US ‘aggression’

Iran’s Islamic Revolutionary Guard Corps (IRGC) vowed to deliver a “crushing response” to any “possible enemy aggression, under any pretext” after the latest United States attacks on the country’s military infrastructure. The IRGC added that Washington’s ceasefire violations contravene the memorandum of understanding (MoU) the two sides recently signed and warned that they will “result in a complete halt to the processes.” The Iranian military also confirmed it launched strikes on American military facilities in Kuwait and Bahrain in response to Washington’s strikes.

NN: Sure glad we got that Meno of Murder going. Tell me can you feel the love?
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Bahrain Targeted, Ship Struck as Iran War Ceasefire Tested

  • Bahrain said it had been targeted by Iran and a ship in the Strait of Hormuz was struck on Saturday afternoon as Tehran and Washington traded accusations.
  • Iran claimed it had targeted US sites in the Persian Gulf following US strikes on Iranian missile storage and radar installations on Friday.
  • The Joint Maritime Information Center raised the security threat in the Strait of Hormuz to “substantial” following the attacks on merchant vessels.

Bahrain said it had been targeted by Iran and a ship in the Strait of Hormuz was struck on Saturday afternoon as Tehran and Washington traded accusations that the other had violated the ceasefire. That came after Iran claimed on Saturday that it had targeted US sites in the Persian Gulf following US strikes on Iranian missile storage and radar installations on Friday. Those were in response to an Iranian drone attack on a container ship in Hormuz on Thursday. The back-and-forth threatens to unravel the fragile detente that had largely ended fighting in the Middle East, though an unnamed US official told CNN after the US strikes that they didn’t constitute a return to major combat operations for now. Bahrain’s foreign ministry said a number of Iranian drones targeted the country early on Saturday morning, state-run BNA reported. It’s home to the US Navy’s Fifth Fleet and Tehran has repeatedly targeted it and other Gulf states that host American military bases and thousands of troops since the US and Israel launched the war in late February. A UK naval group on Saturday said a tanker was struck by an unidentified projectile in Hormuz, though vessel-tracking data show that multiple ships continued to transit the waterway using routes near the coasts of Iran and Oman on Saturday morning.

The Joint Maritime Information Center on Saturday raised the security threat in the Strait of Hormuz to “substantial” following the attacks on merchant vessels.

Iran’s foreign ministry in a statement on Saturday called the US attack “an explicit violation of the first paragraph of the Memorandum of Understanding” the two countries signed earlier this month. The Islamic Revolutionary Guard Corps claimed that it had struck US sites in response, though it didn’t say which. US Central Command didn’t respond to a request for comment on the Iranian claims. Since signing a 60-day truce last week, US President Donald Trump has said that he would resume military action against Iran if it violates the agreement’s terms, which provide for the flow of vessels through the vital strait and talks over its nuclear program in exchange for sanctions relief. Now, the question is how much the resumption of strikes will slow progress toward restoring shipping traffic in the energy thoroughfare to pre-war levels. Washington and Tehran were able to agree to an interim peace deal last week despite trading strikes in the lead-up to that document being finalized. Yet the two sides continue to clash over key provisions of the deal, including whether Iran will impose tolls or other monetary costs on ships seeking to sail through Hormuz. Oman told European officials that vessels may ultimately have to be charged some fees, Bloomberg reported earlier. Trump’s decision to attack demonstrates that he’s willing to use military force to maintain freedom of navigation in the strait. But Iran’s attack also shows that it’s seeking to maintain control of the waterway, which it largely shut after the war began on Feb. 28, becoming its greatest point of leverage with the US as it roiled the global economy. The drone attack rattled the fragile confidence of shipowners and crews. Tehran has repeatedly said that ships can’t pass Hormuz without its permission, and a handful of tankers turned around early on Thursday after reportedly getting warnings from the Iranian Navy. Central Command said in its statement Friday that it would “continue to provide safe passage coordination and support to commercial vessels transiting the strait.”

NN: I guess someone did not get the memo about the peace deal!

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UK: Another vessel hit in Strait of Hormuz….. US strikes on Iran said to be ‘ongoing’……. Iran reports strike on US army sites in region….. Vance: Violence will be met with violence

The United Kingdom Maritime Trade Operations (UKMTO) Center said in a notice on Saturday that another vessel was hit by “an unidentified projectile” in the Strait of Hormuz. The UK maritime authority stressed that the tanker sustained damage to its bridge, adding that all crew are safe. “No environmental damage reported at present,” the UKMTO added. In a separate notice, the maritime agency stressed that the maritime security threat level in the Strait of Hormuz “has increased to SUBSTANTIAL following attacks on merchant vessels.” Earlier in the week, another vessel was struck in the critical waterway. The attack was attributed to Iran, which triggered a short resumption of strikes between the US and Iran.

NN: I am sure glad we got the memorandum of murder. And Brent oil down  from $114 a barrel  to $72. The price it was at before the straights were blocked . Only a few little problems like the straights are not opened. And the US and Iran are still bombing the crap out of each either. But hey why let inconvenient facts get in the way of a desperate market manipulation. Just in time for the elections
US strikes on Iran said to be ‘ongoing’

United States strikes on Iranian targets are “ongoing,” Jennifer Griffin, Chief National Security Correspondent for Fox News, reported, citing a senior US defense official. The US Central Command (CENTCOM) had confirmed earlier that it launched attacks in retaliation for an alleged Iranian drone strike on a commercial vessel in the Strait of Hormuz.

Iran reports strike on US army sites in region

Iran’s Islamic Revolutionary Guard Corps (IRGC) said its naval forces struck military sites hosting United States troops in the region. The statement, carried by Iran’s official IRNA and semi-official Tasnim news agencies, accused Washington of breaking the ceasefire by launching strikes on Iranian territory. The IRGC also described its move as a “necessary” countermeasure to US attempts to “violate its obligation” under their memorandum of understanding, which regulates passage through the Strait of Hormuz. “In the event of a repeat of the aggression, our response will be more extensive,” the IRGC concluded.

Vance: Violence will be met with violence

United States Vice President JD Vance defended Washington’s recent strikes on Iran, saying Tehran must respect the ceasefire agreement and warning that” violence will be met with violence.” “Iran signed a ceasefire agreement. We have honored it. If they have disagreements about how the MOU [Memorandum of Understanding] is being applied, they can pick up the phone,” Vance wrote in a post on X. His comments come after the US carried out military action in response to a drone attack on a vessel in the Strait of Hormuz, which officials blamed on Iran.

NN: Iran picking up the phone,,,,  Vance must have found some of the left over cocane kicking around the Whit Hose. The only thing Iran will pickup is the drone flight controller.  Where do they find these people. Everyday Iran  screams death to America.
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Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman

  • Iran says its rights in Strait of Hormuz must be respected
  • Tehran angered by US-Gulf joint statement
  • Oil prices fall further as more tankers exit strait
  • ‘Unknown object’ hit ship near Oman on Thursday
  • Two US officials blamed Iran for incident
DUBAI/LONDON, June 26 (Reuters) – Tehran reasserted its ​right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the U.S., a day after an attack on a ship near Oman highlighted the ‌fragility of a preliminary deal to end the Iran war.
Iran was responding to what it called an “interventionist, irresponsible and provocative” joint statement by the United States and six Gulf states that rejected Iran’s insistence that it could charge tolls on vessels transiting the strait. “Safe passage through the Strait of Hormuz cannot be guaranteed under ambiguous arrangements, parallel routes or decision-making that does not take Iran’s role as a coastal state into account,” Deputy Foreign Minister Kazem Gharibabadi said on X. Underlining the risks facing shipping, Iranian state TV said ​three foreign tankers attempting what it called an “unauthorised passage” of the strait were turned back after a warning from the Islamic Revolutionary Guard Corps. It gave no further details. Asked about the matter, ​a U.S. official said: “We are aware of these reports and looking into them. President (Donald) Trump has been clear that Iran cannot subvert the free flow of traffic ⁠in the Strait.”Oil prices dropped by more than 3% on Friday, on course for steep weekly losses despite the conflicting interpretations of last week’s interim deal between Iran and the U.S. and a slowdown in traffic through the strait, where ​a fifth of global oil and liquefied natural gas supplies typically passes. Ali Akbar Velayati, top adviser to Iran’s supreme leader, issued a warning to Washington’s Gulf allies.
“The stability of the Persian Gulf Arab states is indebted to Iran’s century-long management of the Strait of Hormuz… their strategic survival is at the mercy of Tehran’s tolerance,” Velayati said on X. Two U.S. officials told Reuters Iran had fired on the ship. Iran’s Persian Gulf Strait Authority — established by Tehran to manage requests for ships to travel through the strait — said passage through unauthorized routes would be “the responsibility of the owner, operator, and vessel commander”. Disagreements also persist over other elements of the framework ceasefire deal, including over financial incentives for Iran, nuclear inspections and Israel’s parallel war in Lebanon. The deal set up 60 days of talks to tackle thornier issues, including Iran’s nuclear program.
NN; More powerful then OPEC.  their is a new Sheriff in town. Iran which in its sole discretion control 25% of the worlds oil flow. 
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Iran: 3 foreign tankers tried to pass through Hormuz

Iranianhttps://youtu.be/0lz0WaPU37E state television announced on Friday that three foreign oil tankers attempted to pass through the Strait of Hormuz “without authorization.” A TV correspondent shared that Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy issued a warning at around 4 am local time, declaring that a new transit route announced by some authorities without coordination with Iran was “illegal, unacceptable and highly dangerous.” According to the correspondent, following the IRGC warning, tankers that had planned to use the southern corridor through the Strait stopped and “changed their course toward the Persian Gulf.”

NN: We now know who is running the show. And its sure as shit not The USA and sure as shit not Trump. 
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Ship Struck in Hormuz as Oil Supertankers Turn Back Again

  • A ship was hit by an unknown projectile in the Strait of Hormuz, sustaining damage to the bridge, according to UK Maritime Trade Operations.
  • The incident occurred after several freighters turned around while attempting to cross the waterway, reportedly after hearing warnings from the Iranian Navy.
  • The attack may undermine the rapid reopening of the energy chokepoint and has led UKMTO to advise vessels to “transit with caution”.

A ship was hit by an unknown projectile in the Strait of Hormuz, just hours after several freighters turned around while attempting to cross the vital waterway, developments that may undermine what had been a rapid reopening of the energy chokepoint. The unidentified cargo ship was hit on its side and sustained damage to the bridge while it was sailing to the southeast of Oman, UK Maritime Trade Operations said. UKMTO, which liaises between merchant shipping and the military, advised vessels to “transit with caution.” If Iran is found to be behind the incident, which UKMTO classified as an attack, it would hit shipowners’ and crews’ fragile confidence that they can once again sail through the oil corridor safely. Tehran has repeatedly said that ships can’t pass Hormuz without its permission and a handful of tankers turned around earlier in the day after reportedly hearing warnings from the Iranian Navy that they shouldn’t cross. Vessels had been racing out of Hormuz since an interim peace deal between the US and Iran came into effect last week, quickly adding millions of barrels of supply. Gulf energy producers have begun ramping up production as flows through Hormuz appeared to be holding up. Two key exit routes through Hormuz have emerged over the past several weeks because the normal one through the middle is thought to have been mined. One is near Iran, while the other hugs Oman’s coastline and is protected by the US.

A few hours earlier, at least three commercial vessels, including two oil supertankers, appeared to turn around while attempting to cross Hormuz outbound on the Oman side. Shipping intelligence company Windward Maritime said the u-turns came after Iran’s Revolutionary Guard Corps instructed vessels to turn around using radio calls and social media platforms.

Not all ships U-turned around the same time as those that turned back, according to tracking data compiled by Bloomberg. Some continued their exits. Iranian media also reported that Tehran was reasserting its control over transits. Thursday’s tumult comes two days after the International Maritime Organization, the UN’s global shipping regulator, said it had received assurances that passage through Hormuz was safe. The IMO canceled a media briefing on Thursday minutes before it was due to start, due to unspecified urgent matters. Traffic through Hormuz quickly picked up after an interim peace deal between the US and Iran took effect last week. However, there have been glitches, including when Iran said at the weekend that the waterway was shut. Tehran’s Persian Gulf Strait Authority said last week that no ships are allowed to transit Hormuz without its permission. Oil prices turned higher after the incident in Hormuz was reported. Earlier in the day Brent futures had wiped out all of their gains from the Iran war, trading as low as $72.09. They rose closer to $75 after the UKMTO report. In addition to three outbound U-turns, a fourth ship appeared to turn around after sailing toward Hormuz from the Gulf of Oman, the vessel tracking data show.

NN: Iran is still negotiating terms of trumps hamulating surrender. As a point in fact Trumps blames his generals, Sectary of War and Israel. Much more on this later!
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Trump: Oil firms in big trouble if they gouge prices

United States President Donald Trump said on Wednesday that the oil companies will be “in big trouble” if the investigation by the US Department of Justice determines that they are gouging prices.

“It’s ExxonMobil, it’s Chevron, it’s Shell, it’s BP, it’s a lot of them. The gasoline, or the oil prices, have come down so much. We’re not seeing anything at the pump, by comparison to what it should be,” Trump said. “The oil companies are possibly gouging. I hope they’re not, otherwise they’re gonna be in big trouble. We’re not gonna play games,” he added.

The US president claimed that the oil companies are not reducing prices according to the latest developments, reiterating that 19 million barrels of oil came out of the Strait of Hormuz yesterday.

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Chevron: Doing everything we can to reduce prices

Chevron Corp. CFO Eimear Bonner said on Thursday that major oil companies are “doing everything [they] can” to bring gasoline prices down as tanker traffic through the Strait of Hormuz continues to normalize. However, she told CNBC that “it’s going to take time,” pointing to a lag between a drop in oil prices and gas prices at the pump. “We’ve optimized through the conflict and continue to optimize the levers that we have to deliver the energy the world needs and to deliver products to consumers,” she said. Yesterday, United States President Donald Trump warned that oil majors will be in “big trouble” if they engage in price gouging.

NN: Translation Its all about the elections. Pollsters have told Trump he must have gasoline under $3.00 a gallon. In  order to avoid Big Bubba in cellblock C and about a hundred pardons
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IEA Weekly Petroleum Data

 for the week ending June 19, 2026

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.1 million barrels from the previous week. At 412.1 million barrels, U.S. crude oil inventories are about 7% below the five-year average for this time of year. U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 19, 2026, which was 81 thousand barrels per day less than the previous week’s average. Refineries operated at 96.1% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million barrels per day. Distillate fuel production increased, averaging 5.2 million barrels per day. U.S. crude oil imports averaged 5.6 million barrels per day last week, increased by 436 thousand barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 5.7 million barrels per day, 4.1% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 647 thousand barrels per day, and distillate fuel imports averaged 135 thousand barrels per day. Total motor gasoline inventories increased by 2.1 million barrels from last week and are 5% below the five-year average for this time of year. Both finished gasoline and blending component inventories increased last week. Distillate fuel inventories increased by 3.1 million barrels last week and are about 10% below the five-year average for this time of year. Propane/propylene inventories increased by 2.6 million barrels from last week and are 35% above the five-year average for this time of year. Total commercial petroleum inventories decreased by 0.5 million barrels last week. Total products supplied over the last four-week period averaged 20.5 million barrels per day, up
by 2.1% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.8 million barrels per day, down by 3.0% from the same period last year. Distillate fuel product supplied averaged 3.6 million barrels per day over the past four weeks, up
by 3.2% from the same period last year. Jet fuel product supplied was up 0.9% compared with the same four-week period last year.