Rising Middle East tensions have increased the risk of further jet-fuel supply disruption, leaving Europe particularly exposed. Energy Aspects (June 18) estimates Europe faces a Q3 jet-fuel shortfall of about 600,000 b/d, while the US and Asia show s

According to Axios, citing U.S. officials, approximately 20 merchant ships passed through the Strait of Hormuz in coordination with the U.S. military in the past 24 hours, while several other vessels passed without coordination with the U.S. military.

1. Three Strikes Against Iran in One Week – The U.S. military completed its third round of strikes against Iran this week on July 11, using land-based and carrier-based fighter jets, drones, and naval vessels to strike approximately 140 Iranian military targets with precision munitions. 2. Reiterates Cognitive Test, Claims Perfect Medical Results – Trump stated on Saturday that he completed a medical examination at Walter Reed Hospital and the results were “perfect,” adding that he passed all three cognitive tests and was the only president to have undergone such a test. 3. Bipartisan Housing Bill Automatically Takes Effect Despite Trump’s Refusal to Sign – On Saturday evening local time, the landmark bipartisan housing bill automatically took effect, despite Trump’s refusal to sign it, prompting celebrations from several members of the House and Senate. 4. Remembers Senator Graham – Trump: “Senator Lindsey Graham, one of the greatest men and senators I’ve ever known, has passed away! He was always working and a true American patriot. Lindsey will be deeply missed!” 5. Trump Blasts Radical Left, Saying They've Completely Lost Their Way —Trump: Those radical left-wing lunatics, often called "democratic idiots," have lost control of their parties. They are being led by a noisy and charismatic bunch who have completely lost their way. 6. Subpoenas Issued to New York Times Reporters —The New York Times reported on the 11th that several of its reporters covering the security flaws of President Trump's new Air Force One received subpoenas requiring them to testify before a federal grand jury in Manhattan, New York on the 15th. 7. Further Criticism of Mainstream Media: Rampant Fake News—Trump: Even though all the media outlets have been relentlessly smearing me and filled with fake news, I still won the presidential election by a landslide. This clearly demonstrates the complete lack of credibility of the mainstream media!