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West Texas Crude has collapsed below US$60 per barrel. It was US$57 per barrel yesterday. The Dow Jones, NASDAQ and the S&P went positive too.
The Army of Ukraine is collapsing. Every night, for the past weeks late at night when Ukrainian civilians are safely at home, the Russians have been striking military and infrastructure targets all over Ukraine at the rate of 500 to 700 strikes every night.
The Russians are using their highly successful and quite unstoppable Geran drones, the Khinzal and Iskandar missiles and the devastating FAB 3000 guided bombs. Here is the interesting part - there have been no or very few civilian casualties despite making hundreds of strikes every night.
This is the first time in the history of modern aerial warfare that the civilian casualties are either zero or they are less than the number of strikes carried out.
The cities of Pokrovsk, Kupiansk have fallen and Siversk is also almost run over by the Russians. Hundreds of Ukrainian soldiers have surrendered because they are out of ammunition, supplies and logistics.
President Trump's special Ukraine envoy General Keith Kellogg is quitting his job because he has failed to put an end to the war in time. He will leave his post in January 2026.
The United States is scrambling for a ceasefire now but most clearly Mr Putin and Russia hold the upper hand. As part of the ceasefire Mr Putin wants all western sanctions against Russia removed. Russian reserves and other financial assets frozen in the West to be returned. Ukraine will be demilitarised or its military capacity seriously degraded.
The NATO donkeys are putting up silly obstacles. They want Ukraine to have at a 600,000 man army. They have agreed that NATO troops will not be stationed in Ukraine but individual NATO countries can station their troops in Ukraine. How stupid can they get.
But as Mr Putin said the matter will be resolved on the battle field. Which is happening. Over the past two months the Russians have taken about 2,000 sq km of Ukrainian territory. Russian forces are now making advances up to 20 km in one day. More sadly for Ukraine the Russians are advancing with little Ukrainian resistance.
The financial and world markets are reading the situation well - oil prices are dropping in anticipation of peace breaking out soon. Lets see what happens.
There is a hurricane force storm brewing in a tea cup - this time ocha green tea in Japan and China. The less than four week old new, first female Japanese prime minister Sanae Takaichi has bungled big time when she told the Japanese Parliament that if China attacks Taiwan, then it will be a strategic threat and danger to Japan (or words to that effect).
Implying that Japan will have to intervene militarily. Of course this was an unusually loud mouthed and poorly thought statement to make about any neighbour, particularly China. Of course the Chinese took offense and released a series of statements protesting the Japanese "recalcitrance".
To save the day the super efficient Japanese Civil Service kicked into action. A ranking Foreign Ministry official with extraordinary skills at bowing down and touching the floor with his forehead was immediately despatched to Beijing - without taking a seppuku kit with him. The Chinese may have preferred the seppuku kit but they had to satisfy themselves with giving an earful to the Japanese envoy.
Here is a 30 minute video but the first 60 seconds gives you a good idea. Why waste more time?
I suspect the Japanese PM was addressing a domestic audience only (without realising that her speech went out live to Tanzania and the Falklands). I believe she was trying to remind the Japanese people that they should allow the US Navy to remain at Yokosuka Naval base for another 100 years.
This storm will likely blow itself out over the next day or two.
This is a one hour Gut Shot podcast where Sam Saad and myself discuss the High Court's decision on the Pastor Koh and Amri Che Mat abductions. Please do tell people about it. It is important that all law abiding and decent people get on the same page on this matter.