Tidbits, Risk & Put Options, Iran, Crude Oil, Urea 1/11/26
- Wright team
- 48 minutes ago
- 5 min read
Tidbits
Iran: The ongoing protests in Iran escalated the past two days. The Iranian government cut internet access and telephone service in the major cities on Thursday. The demonstrations now span all 31 Iranian provinces. The protests began as a protest against an economy in freefall but soon broadened to demand the overthrow of the government. Rebels report they have complete control of two major Iranian cities. The Human Rights Activist News Agency, which tallies only victims who have been identified, reported at least 63 deaths since the start of the protests, including 49 civilians.
Crude oil: Treasury Secretary Bessent said yesterday some sanctions on Venezuelan crude oil exports may be lifted this week.
U.S. Energy Secretary Wright stated that the current pace of replenishing the Strategic Petroleum Reserve (SPR) is lagging behind the plans of the Trump administration. According to official statistics, SPR at the end of December amounted to 413.2 million barrels. At the end of April, the SPR had about 397 million barrels. Oil is cheap, it is time to fill the Strategic Petroleum Reserve to its capacity of 714 million barrels.
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