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Crazy conspiracy theories claim Kirk was killed by an exploding microphone on Israel's orders as prosecutors paint Robinson as a lone gunman.

It comes as demand for semiconductors continues to outstrip supplies, which has pushed up prices.

The MLB draft is set to take place this weekend, meaning that by Sunday night, front offices around the sport will be able to turn their full attention to the much bigger event: the Aug. 3 trade deadline.

UAE Crude Output Nears Record High Following OPEC Exit Amid Surge In Chinese Buying

The United Arab Emirates raised ‌its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of the record hit in late 2025.

June's output was the highest since April ​2020, according to Reuters estimates, exceeding levels seen before the Iran war and providing an early ​vindication of the UAE's decision to leave OPEC and OPEC+ on May 1 ⁠to free production from quota restrictions.

The UAE told OPEC it pumped 2.11 million bpd of crude in May at the height of the conflict shut-ins, down from about 3.40 million bpd in February. The International Energy Agency, however, assessed a much higher production level for ​both months, seeing May ​output at 2.8 million ⁠bpd and February at 3.64 million.

Underscoring the supply surge, Abu Dhabi National Oil Company (ADNOC) has been selling crude through tenders at discounted prices, traders told Reuters. The rebound has outpaced that of ​other Gulf producers, many of whom have restored exports through the Strait ​of Hormuz but ⁠remain well below pre-conflict production levels.

Abu Dhabi has argued that years of investment in production capacity ​justified greater freedom to produce oil, with Energy Minister Suhail al-Mazrouei saying at the time of the OPEC exit that the UAE owed it to investors to supply what global markets required "without restrictions".

The jump in output comes as oil markets ​have shifted from concerns over severe supply disruptions during the Iran war, to worries about surplus supply. Brent crude, which hit a four-year high above $126 in late April, was trading at about $72 a barrel on Monday, ‌around levels ⁠seen before the outbreak of the Iran war in late February.

Other Gulf nations also saw a surge in output: combined crude and condensate exports from Saudi Arabia, the UAE, Kuwait, ⁠Iraq and Iran rose by more than 3.5 million bpd from May to 10.07 million bpd, Kpler ​data shows. Vortexa, another cargo analytics company, estimated June flows at 10.2 million bpd, up from 7 million bpd in ​May but still way short of the 16.5 million bpd a year earlier.

Saudi crude exports averaged 4.32 million bpd in June, according to Vortexa data, around 3 million bpd below February levels.
Kuwaiti output rose to 1.65 million bpd in June, roughly triple ⁠May levels ​but still nearly 1 million bpd short of pre-conflict production.
Iraq, ​OPEC's second-largest producer, exported about 780,000 bpd in June, roughly one-fifth of volumes shipped before the conflict, Vortexa data showed.

Since the June 17 agreement between the U.S. and Iran to halt the conflict and restore shipping through the Strait of Hormuz, the backlog of crude stranded in the ​Gulf cleared more quickly, leaving about 23 million barrels still to transit the waterway, said Kpler analyst Johannes ​Rauball.

Meanwhile, in a curious twist, Sparta senior oil market analyst June Goh said that Chinese teapot refineries have emerged as buyers in Adnoc’s latest oil tender, drawn by wider discounts amid a short-term glut. Adnoc sold about 18 million barrels of crude via in fifth tender for loading through August; Upper Zakum was the main grade sold, while some Das also changed hands.  

The observation in this tender is that the Chinese teapots are now out buying, whereas in previous tenders they were not even in the buyer list, indicating that the current discounts are now at a level that competes with Iranian and Russian alternatives.

According to Sparta, the current ‘mini-glut’ reflects mismatch of prompt availability vs usual trading window two months ahead, where Mideast barrels should now be trading for September loading instead. However, unless Asian buyers pile up to refill empty SPRs, these extra barrels will need to first fill up commercial storage and then relieve the pressure in arbitrage trades to the West.

It wasn't just China: California is also buying UAE oil - some cargoes of Adnoc grades moved to US buyers via private negotiations, with likely destinations to US West Coast refineries.

Brent-Dubai EFS doesn’t necessarily need to widen that much more because diving crude differentials are doing most of the heavy lifting to keep the arbs open into northwest Europe

Tyler Durden Mon, 07/06/2026 - 20:55

It’s a hard rain that’s gonna fall on the Midwest. A torrential storm could pound eight states on Wednesday, according to the National Weather Service — but it’s gone viral for an unexpected reason. A torrential storm with an unavoidably noticeable similarity to manhood is expected to barrel down on the Midwest Wednesday, according to...

For years, Liberty general manager Jonathan Kolb has been searching for an ideal running mate for Sabrina Ionescu. 

The couple have been dating since 2022, and enjoyed a stylish date night at Swift and Travis Kelce's NYC nuptials.

The couple have been dating since 2022, and enjoyed a stylish date night at Swift and Travis Kelce's NYC nuptials.

The trio tried to rob an elderly man outside his Bronx home Sunday morning, running away with his security camera when their attempt failed, police said. 

The US men’s national team has not had the start with were looking for in their Round of 16 World Cup game against Belgium. The US squad has looked sluggish to start this crucial game at Lumen Field in Seattle, Washington, conceding an early goal against Belgium after a defensive mishap. Belgium scores an early...

How do Mitchell Robinson and Andre Drummond compare? What differences should be expected? What, exactly, are the Knicks getting with their new big man?

A well-connected San Francisco activist turned political candidate is facing an allegation that he groped an acquaintance at a party in 2020. Manny Yekutiel, a cafe owner who’s hosted top Dems like Kamala Harris, Gov. Gavin Newsom and former First Lady Jill Biden at his Mission District hotspot Manny’s Cafe, is facing the upsetting sexual...

The fall resulted in a traumatic brain injury and hearing loss for the young boy.

Has The Breakthrough Moment For Soccer In America Arrived?

The World Cup is turning into a major ratings boom for US broadcasters, with Fox Sports, Telemundo and Peacock drawing record audiences.

The US Men's National Team (USMNT) is currently 1-0 down against Belgium in a Round 16 match, a game that could mark a breakthrough moment for soccer in America.

About a month into the 39-day tournament, top matches featuring the US, Mexico, England, France and Argentina have helped drive viewership levels rarely seen outside NFL games, according to Fox Sports analytics chief Michael Mulvihill.

"The U.S. matches have out-delivered expectations, but what's been more surprising is some of these matches that are between nations where the American sports fan doesn't know a lot of players and they don't even have that much familiarity with the country itself. A lot of those matches have done really well," Mulvihill said, who was quoted by Variety.

The tournament's broadening appeal has been a boon for advertisers, with unusually strong multi-generational viewing.

The question now is whether the USMNT can secure another win and continue the momentum.

Even before tonight's USMNT results, UBS analyst Robert Krankowski believes that the breakthrough moment has already arrived.

America's youth appears to be highly engaged in the sport.

It appears that moment has already arrived. 

Tyler Durden Mon, 07/06/2026 - 20:30

Jessica Tisch and the NYPD have performed downright miracles — cutting the number of murders for the first six months of the year to its lowest level ever. Yet New Yorkers shouldn’t feel complacent.

Evan Phillips was activated from the 60-day injured list on Monday, and if he can pitch the way he did before he underwent reconstructive elbow surgery last year, the Dodgers really might not have to do anything in the month leading up to the Aug. 3 trade deadline. “More nervous than I expected,” Phillips said....

FIFA and On Location are offering hospitality suites for the 2026 FIFA World Cup.

FIFA and On Location are offering hospitality suites for the 2026 FIFA World Cup.

Joy Behar, who doesn't usually film on Mondays, rushed to fill in for Goldberg and two other co-hosts.

Joy Behar, who doesn't usually film on Mondays, rushed to fill in for Goldberg and two other co-hosts.