A short update from Yves Smith

https://www.nakedcapitalism.com/2026/07/iran-war-philip-pilkington-nate-wade-debunk-oil-cliff-hopium-pilkington-explains-prices-derived-from-crack-spreads-are-100-to-115-a-barrel-us-declares-fertilizer-emergency.html one of the key videos in the above report https://www.youtube.com/live/4QRpMjgE-pw?si=-_H6gvmOkCyyr_TV