@Cannabda

An advocate for sensible federal US cannabis reform. Romans 8:18 https://nitter.cf/t.co/LbUdcoFD2w

Joined October 2018
Jake Westington retweeted
JUST IN: 🇺🇸🇮🇷 US President Trump says there is great momentum for a deal with Iran.
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Jake Westington retweeted
Money managers reduced their net-length in WTI crude oil futures and options by 2,571 contracts to 136,768 in the week ending September 15 Long-only positions rose by 3,140 Short-only positions rose by 5,711 other reportables net-length fell by 2,463 CFTC #oott
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Jake Westington retweeted
OIL FUTURES FALL ON LIKELY TECHNICAL CORRECTION - WSJ
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Jake Westington retweeted
The U.S. military has quietly established a shipping corridor through the southern channel of the Strait of Hormuz, with 15–20 tankers reportedly transiting in and out each night under U.S. military guidance. Roughly 10 million barrels of oil a day—around half the pre-war volume—are being injected into global markets, according to Axios.
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Investors are pulling capital out of energy funds at a rapid pace: US energy sector ETFs have posted -$4.0 billion in outflows over the 65 trading days ending Monday, the largest such outflow since mid-2025. This marks a sharp reversal from the record +$12.5 billion in inflows seen in March. By comparison, the 2025 peak outflow was -$5.5 billion, while the 2023 record was -$7.5 billion. Meanwhile, the energy sector ETF, $XLE, has posted -$797 million in outflows so far in August, putting it on track for the largest monthly withdrawal since April 2025. That would also mark its 5th consecutive monthly outflow. Investor appetite for energy exposure is fading rapidly.
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Jake Westington retweeted
BREAKING: Multiple credible intelligence reports indicate Yemen's Houthis, Iraqi militias, and Iran's IRGC are preparing to launch massive coordinated attacks against Saudi Arabia, a senior Saudi source tells Al Arabiya. Targets are expected to include civilian, energy and oil facilities, critical infrastructure, airports, and ports. The source adds that missiles and drones are being repositioned for simultaneous attacks.
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Jake Westington retweeted
BREAKING: The US has removed Iran-related sanctions from the US Treasury's website. The move comes amid reports that President Trump is aiming to announce a deal with Iran by the end of this week.
Readers added context they thought people might want to know
Treasury did not remove Iran-related sanctions from its website. OFAC's August 5 action was limited to delisting Iraqi carrier Fly Baghdad and two of its aircraft from the SDN list. The full Iran sanctions program remains active on Treasury's site. ofac.treasury.gov/sanctions-prog… ofac.treasury.gov/recent-actions…
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Jake Westington retweeted
JUST IN: 🇺🇸🇮🇷 US says Iran will not control the Strait of Hormuz in any potential agreement made.
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Jake Westington retweeted
Come on guys, Trump wouldn't lie to us The deal tomorrow is for sure this time
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Jake Westington retweeted
BREAKING: A source close to Iranian officials says Tehran has documented a pattern of oil market manipulation tied to Axios reporting and Trump administration insiders, including evidence of a $9 billion insider trading operation linked to Jared Kushner and Steve Witkoff. The documented timeline of the $9 billion insider profit: Between April and May 2026, a series of highly suspiciously timed trades in oil futures markets preceded major Iran war and deal announcements, each tied to reporting by Axios. On March 23, approximately $500–580 million in shorts were placed 15 minutes before Trump announced he was postponing strikes on Iran, oil dropped. On April 7, roughly $950–960 million in shorts were placed hours before Trump announced a two-week ceasefire with Iran, oil fell 15 percent. On April 17, approximately $760 million in shorts were placed 20 minutes before Iran's foreign minister announced the reopening of the Strait of Hormuz, oil dropped. On April 21, around $430 million in shorts were placed 15 minutes before Trump extended the ceasefire, oil dropped again. On May 6, nearly $920 million to $1.7 billion in crude oil shorts were placed approximately 70 minutes before an Axios scoop claimed the U.S. and Iran were near a "14-point agreement." Oil dropped 12 percent. Traders made an estimated $125 million in profit, while Iran called the May 6 Axios report "the Americans' wish list," and completely false. A senior Iranian official previously told Drop Site News that Iran privately warned VP JD Vance during Switzerland talks that Kushner and Witkoff were "abusing" negotiations, being "more interested in exploiting insider knowledge to profit in financial markets than reaching a deal."
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Jake Westington retweeted
BREAKING: Just 10 minutes before futures market open, Trump has claimed "there's a deal on Hormuz and there will be a deal on denuclearization" with the US "talking to them in the form of a negotiation" and "Iran negotiations to begin Monday afternoon." Iran continues to reject any negotiations with the US and launched anti-ship cruise missiles toward a ship just a few minutes ago.
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Jake Westington retweeted
President Trump says he is holding off on another attack against Iran to allow negotiations to continue "rapidly."
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Jake Westington retweeted
Replying to @DarioCpx
I don't think anything will happen this weekend. Would have happened already. This is just sabre rattling from Trump. He doesn't have the interceptors or the balls to risk middle east energy supplies.
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Jake Westington retweeted
Exxon Mobil CEO says he has never seen available refining capacity so low relative to oil demand (due to US-Iran war, China retrenchment and Ukrainian strikes on Russia)
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Jake Westington retweeted
The US Senate Judiciary Committee has postponed tomorrow’s scheduled vote on Todd Blanche’s Attorney General nomination.
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There it is. US long-term borrowing costs are officially up to their highest level since 2007. The US 30Y Yield is now above 5.20%. "Higher for longer" is back.
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Jake Westington retweeted
President Trump has told Fox News that he is "going to beat the fucking shit" out of Iran in response to their attack on US forces in Jordan overnight. Speaking to Trey Yingst, he added "we'll be hitting them hard, they're going to get a beating."
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BREAKING: US oil prices surge over +5% after Iran launches ballistic missiles in a “surprise attack” at a US base in Jordan.
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Jake Westington retweeted
JUST IN: 🇺🇸🇮🇷 Mediators say they are close to a breakthrough on reviving the US-Iran MoU peace agreement.
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Jake Westington retweeted
Anyone who thinks that Kevin Warsh is going to hike rates at any time in the foreseeable future, especially when the AI stocks feeding the bubble (upon which all US GDP growth relies) are in desperate need to raise debt not to implode, hasn't learnt anything in the past 26 years
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