🇮🇷⚔️🇺🇸🇯🇴 An Iranian missile managed to get past U.S. air defenses at Muwaffaq al-Salti Air Base and hit a hangar.

Today's satellite imagery shows likely damage at the base . 31.829263, 36.799926

The hanger was entirely destroyed alongside anything that was in it.

🔗 Ali (@MerruX)

💵 🇺🇸 📈 12 days since US Treasury intervention in the bond market was announced and yields are up to a new 19-month high.

The 10Y Note Yield is now just 2 basis points away from its highest level since 2007.

The bond market appears to be completely ignoring the US Treasury.

We simply cannot afford the 10Y Yield at 5%+.

💸 Two-year JGB yields rose as much as 2 bps to 1.72% on Monday, their highest level since May 1995.

📎 KobeissiLetter

📝 🇮🇷 🛢 Sal Mercogliano on X: Kpler has been continually updating its data as ships appear outside the Strait. This had not been a secret to those who understand what data was available and how they were generating their data. The US shuttle operation via the Oman channel creates difficulty since ships are conducting ship to ship transfers in the Gulf of Oman.

The chart provided needs the following context.

Pre-war flow out of the Persian Gulf was 20 Mbpd and 3 Mbpd by the Fujariah/Yanbu pipelines.

We can see from the chart that on or about 6 July, oil exceeded the pre-war levels.

However, during the period of the chart, the 7-day average fluctuates between 10 and 15 Mbpd versus 23.

The chart does not include Yanbu and it does not break up Iranian oil from the rest of the Gulf states.

This reduction in Persian Gulf flow coincided with a significant reduction in consumption.

The issue will be as consumption rises again, will the reduction in global stocks, due to the loss of oil during the first months of the conflict, have an impact on prices.

📎 Sal Mercogliano