Moscow residents are providing some spectacular views today: the Moscow Oil Refinery burning at several points, thick smoke hanging over the city, and fires visible across the industrial area. Quite a backdrop for the final day of Russia’s parliamentary elections.

A star studded evening in Los Angeles at the opening of the Lucas Museum of Narrative Art. Film, art and storytelling collide at the 300,000 square foot campus founded by filmmaker George Lucas and businesswoman Mellody Hobson. Learn more here:

According to preliminary assessments, the attack on Gazpromneft’s Moscow Refinery in Kapotnya could have hit the AVT-6 primary crude distillation unit (the total processing capacity of the two units is 12 million tons of crude oil per year) and the isomerization unit (a key unit for high-octane gasoline production). The Moscow Refinery covered 40-50% of Moscow and Moscow region's demand for gasoline and diesel fuel, as well as supplied the capital's airports with aviation fuel.

Our long-range responses had a very significant impact in the Moscow region last night. One of Russia’s key oil industry facilities and the aggressor’s logistics facility were hit. These are billions of dollars that sustain the war machine. The systems used included FP-1, RZ-100, MICH-2000, Palianytsia, Vendetta, Liutyi, Bars, Flamingo, Sichen, and Pelican. I thank our warriors for their accuracy: the Security Service of Ukraine together with the Unmanned Systems Forces, the Special Operations Forces, the Defense Intelligence of Ukraine, and the Foreign Intelligence Service. Sanctions were also imposed on a facility in the Voronezh region. Moscow must end its brutal war and choose peace instead of building layered rings of air defense at the expense of other regions. Steps toward de-escalation are on the table – in energy and food security. What is needed is political will. I thank everyone who is strengthening Ukraine’s long-range capabilities. I am grateful to everyone who complements our long-range responses with responses through sanctions. Glory to Ukraine!

"While Trump focuses on oil, Hormuz remains shuttered to other commodities." - container ships down 94% compared to a year ago - cost of shipping a container from China to the UAE increased eightfold - shipments of everything from limestone to fertilizer down by more than half - businesses in the Gulf facing shortages: car dealers, for example, can't bring in new models "What the Americans are doing now is not viable long term... it's only focused on getting oil and gas out, it's not focused on getting cargo and commodities in."

Well the 10 year went from 50bps to 500bps and stocks tripled. The 30 yr fixed mortgage went from 2,5% to 7% and home equity went from $20 trillion to more than $30 trillion. Jeffrey sees it clearly. We are in backward land.

🎶Billy Joel released ‘Uptown Girl’ 43 years ago, September 19, 1983. The music video starred his soon-to-be wife Christie Brinkley. In 1985, Joel said he ‘wasn’t too crazy about’ the video ‘because they wanted me to dance. I sort of said, OK, you know, I’ll give it a try. We shot it on the two hottest days of the year.’

Took off from Riyadh to London not long before this happened. Think I've said this before but it seems like sheer luck that we haven't had a real tragedy with so many missiles and drones zooming around Middle Eastern airports this year

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