📢 🇺🇸 🇮🇷 Trump on the ceasefire in Iran: "After reading that piece of garbage they sent us... It's on life support."

📎 Rapid Response 47

📢 🇺🇸 🇮🇷 Trump hurries along a mental health event, saying that "a large group of generals" is waiting on him to discuss Iran.

📎 Disclosetv

📢 🇺🇸 🇮🇷 Trump: "I have the best plan ever... Iran cannot have a nuclear weapon."

📎 Disclosetv

📢 🇺🇸 🇮🇱 Randy Fine says he supports ending aid to Israel, saying it will allow Israel to act in its own interest and reduce the US deficit.

📎 AF Post

📢 🇸🇦🛢 Saudi Aramco warns fuel stocks heading for ‘critically low levels’

The world's largest oil company warned global stocks of petrol and jet fuel could reach 'critically low levels' ahead of the summer months if the Strait of Hormuz remains closed.

Amin Nasser, Saudi Aramco’s chief executive, said on Monday that the depletion of “onshore inventories” was “rapidly accelerating” with refined fuels like gasoline and jet fuel showing the fastest decline.

He added that since the start of the Iran war and the near closure of the Strait of Hormuz, the world had lost a cumulative 1bn barrels of oil supplies, with another 100mn barrels lost every week that the strait stays closed.

Inventories are “the only buffer that is available today” but they have been “materially depleted”, Nasser said.

JPMorgan warned on Monday that commercial oil inventories in the developed world could “approach operational stress levels” by early June, limiting the world’s ability to keep absorbing the loss of Middle Eastern supplies by drawing oil out of storage.

The Wall Street bank’s analysts said this could force an agreement between the US and Iran, despite the White House and Tehran remaining at loggerheads over a prospective peace deal.

“The next phase of this shock may look less like a traditional crude spike and more like a refining and end-user fuel crisis.”

Aramco’s Nasser warned that energy traders risked overestimating how much oil was still available to be drawn from storage, given most monitoring of inventories did not account for the oil necessary to keep the 100mn barrel-a-day global market operating.

Only a fraction of oil is accessible, he said. “The rest is locked up in pipeline fill, minimum tank levels and other day-to-day operational constraints.”

“In Europe and the US, the maximum you can pull out from there is 2mn barrels a day,” Nasser said.

Nasser said on Monday that Aramco is considering expanding its oil export capacity at Yanbu on the Red Sea, in a sign the company — the main source of funds for the Saudi government — is looking at reducing its reliance on exporting via Hormuz.

📎 Financial Times

📢 🇺🇸 🇺🇳 The US State Dept. says it will no longer sign on to “replacement migration” and will only support “remigration” in response to the UN migration pact.

In a sharply worded statement, the department said the US has consistently opposed what it described as UN efforts to “advocate and facilitate replacement immigration” in the US and across Western countries.

“In recent years, Americans witnessed first-hand how mass immigration laid waste to our communities: crime and chaos at the border, states of emergency in major cities, and billions of taxpayer dollars funneled towards hotels, plane tickets, cell phones and cash cards for migrants,” the statement said.

“Much of this was driven by UN agencies and their partners, which did not just facilitate the invasion of our country, but proceeded to redistribute our own people’s wealth and resources to millions of foreigners from the worst corners of the world,” it added.

The statement said the burden of mass migration has largely fallen on working Americans competing for jobs, housing and social services.

“The UN has little to say about them,” it added.

The department also said Washington’s priority is no longer focused on managing migration flows.

“Our goal is not to ‘manage’ migration, but to foster remigration,” the statement said.

https://aa.com.tr/en/americas/us-boycotts-migration-forum-accuses-un-of-facilitating-invasion-of-country/3934285

📎 AF Post