Eisar Lipkovitz

You have to give it to this administration. They’ve managed to keep WTI and Brent from hitting “eye popping headline” figures with ~11 million b/d of production shut-in.

GS: Passthrough of Higher Oil and Other Commodity Prices to Inflation Higher Oil Prices Boost Transportation Services, Sanitation, and Accommodation Prices the Most

The Telegraph reports Iran does not want to negotiate with Witkoff and Kushner, they prefer JD Vance.

Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran. bloomberg.com/news/articles/…

🚨JUST IN: The 14-point document that was given to Iran: 📌 Dismantling of existing nuclear capabilities that have already been accumulated 📌A commitment that Iran will never strive to obtain nuclear weapons 📌No material will be enriched on Iranian soil 📌All enriched material will be delivered to the IAEA on a short schedule to be defined between the parties 📌Natanz, Isfahan, and Fordow will be decommissioned—destroyed. 📌The IAEA will be exposed to all information within Iran 📌 Iran will abandon the proxy paradigm 📌 It will effectively stop financing and arming the proxies in the region 📌The Strait of Hormuz will remain open and will be a free maritime zone—and no one will block it 📌The missile project: There will be a decision later, but they will have to limit the number and range 📌Future use of small-range missiles: only for self-defense purposes 📌All sanctions lifted on Iran 📌They will be assisted in promoting and developing a civilian nuclear project in Bushehr (electricity generation) 📌The threat of snapback will be removed

$HOOD ROBINHOOD INCREASES BUYBACK PROGRAM FROM $400M TO $1.5B. “Robinhood is a generational company with a massive long-term opportunity,” said Shiv Verma, Chief Financial Officer of Robinhood.  “This authorization reflects the confidence of our management team and board in our ability to continue delivering innovative products for customers and creating value for shareholders while returning capital over time.” Robinhood bought back $1.1B of stock, 25M shares, at an avg price of $45 over the past two years.

United built the product that everyone who has every been on an airplane has wanted!

$MSFT one of the strongest Mega Caps testing its 200 WMA right now You know the theory: Buy fundamentally strong companies at or below their 200 WMA.

Good to see Iran using ChatGPT to troll Trump. Nothing says “modern geopolitics” like AI-generated shitposting in the middle of a conflict.

BREAKING: Volkswagen is in talks with Israel’s Iron Dome maker over a deal that would switch production at one of their factories from cars to missile defense, per FT. The German government is actively supporting the proposal.

The Times reports: The British Navy will lead the "Hormuz Coalition" to reopen the straits. Britain will also deploy mine‑clearing capabilities alongside the United States and France.

The West is relatively “protected" from the current energy shock: Oil currently flowing through global shipping routes is down to ~1,430 million barrels, down -270 million over the last 3 weeks. Meanwhile, OECD Europe and Americas commercial crude flows are up to ~960 million barrels, the highest since at least 2024. Since the start of 2026, Western commercial crude flows have risen +50 million barrels, even as global oil in transit collapses. In fact, US oil giants are now set for one of their most profitable years on record. The US is pumping and selling oil like never before.

Zoox's new service area in SF (Rides only available to employees and their family and friends. Will be opened up to waitlist eventually, and then the public): sfstandard.com/2026/03/24/zoo…

The appointment of Mohammad Bagher Zolghadr as Secretary of Iran’s Supreme National Security Council is not a routine bureaucratic reshuffle. It marks another step in a broader and increasingly visible trend: the consolidation of Iran’s strategic decision-making within the security establishment, and more specifically within IRGC-linked networks. - Zolghadr is not a diplomat, nor a technocrat. His career has been rooted in the Islamic Revolutionary Guard Corps and later in the judiciary, two pillars of the system that prioritize internal control, threat management, and regime security over political mediation or external engagement. - In practical terms, this suggests that key files, especially nuclear negotiations, regional posture, and responses to external pressure, are likely to be even more tightly aligned with IRGC threat perceptions and priorities. The space for diplomatic flexibility does not disappear, but it becomes narrower, more controlled, and more tactical. - Put bluntly: this looks less like a system preparing for compromise, and more like one preparing to manage prolonged confrontation. - The broader takeaway is hard to miss. The IRGC is not just influential, it is steadily absorbing the core nodes of decision-making. And with each appointment like this, the distinction between state, security apparatus, and strategic policy becomes thinner. #Iran #Iranwar

BREAKING: Three heavy bombers of the U.S. Air Force are currently conducting heavy strikes on the underground missile base of the IRGC Aerospace Force in Yazd, central Iran (Al-Qadir missile base). A total of six bunker-buster bombs have been dropped on the site by either B-1B heavy bombers flown from RAF Fairford in the United Kingdom or B-2A Spirit stealth bombers flown directly from Whiteman AFB in the United States. #OperationEpicFury #OperationLionsRoar

This might be the force majeure to pause the war

IRAN'S ARAGHCHI: WE DO NOT WANT A CEASEFIRE AND WILL MAKE THE AGGRESSOR REGRET IT

Fox News has learned that the Commander of the 82nd Airborne Division Maj Gen Brandon Tegtmeier and his “command element,” members of his headquarters staff, have been ordered to deploy to the Middle East as the Pentagon and White House weigh whether to send the 82nd Airborne Division to the Middle East for possible land operations. There has been speculation that the US would use ground forces to possibly take Kharg Island or for other missions inside Iran. This would be a first step needed to plan for such a contingency. NYT was first to report yesterday that the Pentagon was weighing whether to send the 82nd Airborne. nytimes.com/2026/03/23/us/…

82ND AIRBORNE DIV. COMMANDER ORDERED TO DEPLOY TO MIDEAST - FOX

Another way to see it: White: Brent curve now. Blue: 1 month ago. Sep-26 is up $30/bbl, >50% (red arrow). That’s not “well anchored”. That’s a curve shifting AGGRESSIVELY higher. And no, backwardation doesn’t mean “cheap oil later”. The curve carries little Bayesian signal, it’s an incentive mechanism to pull storage barrels into the market now (as it does NOT pay to buy and store now and sell later).