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Qatar Energy Stated That The Merlin-1X Exploration Well Yielded "exciting Underground Exploration Results," Demonstrating Good Reservoir Quality, Light Crude Oil, And Minimal Associated Natural Gas
The U.S. Energy Information Administration (EIA) Now Projects A Decline In Global Oil Demand In 2026, Reversing Its Previous Forecast Of Slight Growth
The U.S. Energy Information Administration (EIA) Now Expects OECD Oil Inventories To Fall To Their Lowest Level Since 2003
The U.S. Energy Information Administration (EIA) Stated That Disruptions In The Strait Of Hormuz Forced Middle Eastern Producers To Cut Output By More Than 11 Million Barrels Per Day From Pre-war Levels In May
Spot Silver Fell Below $65/oz, Down 4.63% On The Day. New York Silver Futures Plunged 5% On The Day, Currently Trading At $65.16/oz. Spot Gold Is Currently Trading At $4255.35/oz, Down 1.7% On The Day
The U.S. Energy Information Administration (EIA) Predicts That Oil Production Disruptions In Parts Of The Middle East Will Continue Until The End Of 2027, Exceeding The Scope Of The Short-Term Energy Outlook
The U.S. Energy Information Administration (EIA) Now Assumes That Oil Shipments Through The Strait Of Hormuz Will Resume In The Third Quarter Of 2026. Traffic Through The Strait Of Hormuz Is Not Expected To Return To Pre-war Levels Before Early 2027
The U.S. Energy Information Administration (EIA) Projects That U.S. Oil Production Will Average 13.83 Million Barrels Per Day In June, Up From 13.71 Million Barrels Per Day In May; July Production Is Projected To Average 13.82 Million Barrels Per Day
The U.S. Energy Information Administration Projects Global Oil Demand At 102.9 Million Barrels Per Day In 2026, Down From Its Previous Forecast Of 104.2 Million Barrels Per Day; And Projects Demand At 105.3 Million Barrels Per Day In 2027
[Bitcoin Falls Below $61,000] June 10th, According To HTX Market Data, Bitcoin Fell Below $61,000, Now Trading At $60,958, A 24-hour Decrease Of 4.61%
The U.S. Energy Information Administration Projects U.S. Oil Production At 13.72 Million Barrels Per Day In 2026, Up From Its Previous Forecast Of 13.65 Million Barrels Per Day; And Projects Production At 14.15 Million Barrels Per Day In 2027
The U.S. Energy Information Administration Projects That Brent Crude Oil Prices Will Average $95.39 Per Barrel In 2026, Up From Its Previous Forecast Of $94.85 Per Barrel; The Forecast For 2027 Is $79.39 Per Barrel
Both WTI And Brent Crude Oil Prices Continued To Fall, With Brent Crude Down 4% And WTI Crude Down 4.6% On The Day
Spot Gold Weakened After Rising To An Intraday High Of $4,363.66 Per Ounce, And Has Now Fallen Below $4,270 Per Ounce, Down 1.40% On The Day

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New START treaty expires, leaving US-Russia nuclear arsenals unchecked and fueling global arms race fears.
The last remaining nuclear arms control treaty between the United States and Russia expired Thursday, removing caps on the world's two largest atomic arsenals for the first time in over 50 years and fueling expert warnings of a new, unconstrained arms race.
As the New START treaty officially ended, U.S. President Donald Trump renewed his call for a stronger, modernized pact to replace it, emphasizing that any new agreement must include China. The Kremlin, meanwhile, expressed regret over the treaty's expiration, a sentiment echoed by arms control advocates concerned about global stability.
President Trump has been a vocal critic of the existing agreement, framing it as a flawed deal for the United States. In a social media post, he argued against extending the pact.
"Rather than extend 'NEW START' (A badly negotiated deal by the United States that, aside from everything else, is being grossly violated), we should have our Nuclear Experts work on a new, improved, and modernized Treaty that can last long into the future," Trump stated.

A central pillar of Trump's position is the necessity of bringing China into any future negotiations. U.S. Secretary of State Marco Rubio reiterated this stance, stating that "in order to have true arms control in the 21st century, it's impossible to do something that doesn't include China because of their vast and rapidly growing stockpile."
During his first term, Trump's administration attempted to broker a three-way nuclear pact involving China, but the effort was unsuccessful.
Moscow officially views the treaty's expiration "negatively," according to Kremlin spokesman Dmitry Peskov. He stated that Russia will maintain a "responsible, thorough approach to stability when it comes to nuclear weapons" while being guided by its national interests.
Russian President Vladimir Putin had previously declared his readiness to extend the treaty's limits for another year, an offer the U.S. did not commit to. In a discussion with Chinese leader Xi Jinping, Putin noted the U.S. failure to respond to his proposal.
The Russian Foreign Ministry issued a statement confirming that Moscow "remains ready to take decisive military-technical measures to counter potential additional threats to the national security" but is also open to diplomatic solutions if the right conditions emerge.
What Was the New START Treaty?
Signed in 2010 by then-President Barack Obama and his Russian counterpart, Dmitry Medvedev, the New START treaty placed clear limits on nuclear stockpiles. It restricted each nation to:
• A maximum of 1,550 deployed nuclear warheads.
• A maximum of 700 deployed missiles and bombers.
The treaty, which included on-site inspections to verify compliance, was extended for five years in 2021. However, inspections were halted in 2020 due to the COVID-19 pandemic and never resumed. In February 2023, Putin suspended Moscow's participation, citing a lack of U.S. cooperation.
Beijing has consistently rejected calls to join nuclear disarmament negotiations, arguing that its arsenal is not comparable to those of the U.S. and Russia.
"China's nuclear forces are not at all on the same scale as those of the U.S. and Russia, and thus China will not participate in nuclear disarmament negotiations at the current stage," said Foreign Ministry spokesperson Lin Jian. He urged the U.S. to resume its nuclear dialogue with Russia.
Moscow has reaffirmed that it respects Beijing's position. Russian officials have suggested that if the treaty framework is to be expanded, it should also include the nuclear arsenals of NATO members France and the United Kingdom.
The end of New START has been met with alarm by arms control experts, who see it as a trigger for a dangerous period of strategic competition.
Daryl Kimball, executive director of the Arms Control Association, warned of the potential consequences if the U.S. increases its deployed strategic arsenal. He argued it would "only lead Russia to follow suit and encourage China to accelerate its ongoing strategic buildup."
"Such a scenario could lead to a years-long, dangerous three-way nuclear arms buildup," Kimball said.
Despite the treaty's termination, there was one sign of continued communication. The U.S. and Russia agreed Thursday to reestablish a high-level, military-to-military dialogue that had been suspended in 2021.
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