The price of crude oil is a broken barometer. Acute pain in the world energy market has switched to the trio of refined products that we actually consume: diesel, petrol and jet fuel.

The IATA jet fuel index for global airlines has hit $154 a barrel in Europe and $149 in North America, almost double the cost of underlying crude. In trade parlance, the “crack spread” has gone mad. It is arguably worse for diesel. The spread over crude has reached $80 in Rotterdam and $88 in New York, the highest since records began. The whole global market is seizing up.

“I’ve never seen an energy environment this stretched,” said Jeff Currie, perhaps the world’s best-known oil guru. We have been lulled into complacency by deceptively moderate oil headlines and by assumptions that the Iran war has settled into a low-intensity management problem. It is nothing of the sort.

Read it all.

Beware the rising energy dangers of Trump’s Gulf war (£) https://t.co/C5vRYPohmC

— Wolfgang Schremser (@WSchremser) July 22, 2026

Holy and Mighty One, whose beloved Son Jesus Christ blessed the pure in heart: We offer thanks for the life and teachings of John Cassian that draw us to a discipline of holy living for the sake of thy reign. Call us to turn the gaze of the eyes of our soul always toward thee, that we may abide in thy love, shown to us in our Savior Jesus Christ; who with thee and the Holy Spirit is one God, living and true, to the ages of ages. Amen.

"The devil’s greatest weapon is to make us believe that our sins are too great for God’s mercy, but no sin is greater than His love."
— St. John Cassian pic.twitter.com/TtwJVWlfHV

— TheOrthodoxWay (@_theorthodoxway) August 2, 2025

Generous God,
you give us gifts and make them grow:
though our faith is small as mustard seed,
through your Spirit make it grow to your glory
and the flourishing of your kingdom;
through Jesus Christ our Lord.
Amen (edited slightly; KSH).

Every morning, I experience the beautiful sunrise on Little Bay Islands. Every morning, I stop reaching toward the life behind me or the life still to come. I stand where I am … and this place and my life becomes enough. pic.twitter.com/idvnskjb6B

— Mike Parsons (@mikep_lbi) July 23, 2026

We who are strong ought to bear with the failings of the weak, and not to please ourselves; let each of us please his neighbor for his good, to edify him. For Christ did not please himself; but, as it is written, “The reproaches of those who reproached thee fell on me.” For whatever was written in former days was written for our instruction, that by steadfastness and by the encouragement of the scriptures we might have hope. May the God of steadfastness and encouragement grant you to live in such harmony with one another, in accord with Christ Jesus, that together you may with one voice glorify the God and Father of our Lord Jesus Christ.

Welcome one another, therefore, as Christ has welcomed you, for the glory of God. For I tell you that Christ became a servant to the circumcised to show God’s truthfulness, in order to confirm the promises given to the patriarchs, and in order that the Gentiles might glorify God for his mercy. As it is written,

“Therefore I will praise thee among the Gentiles,
and sing to thy name”;

and again it is said,

“Rejoice, O Gentiles, with his people”;

and again,

“Praise the Lord, all Gentiles,
and let all the peoples praise him”;

and further Isaiah says,

“The root of Jesse shall come,
he who rises to rule the Gentiles;
in him shall the Gentiles hope.”

May the God of hope fill you with all joy and peace in believing, so that by the power of the Holy Spirit you may abound in hope.

–Romans 15:1-13

Sunrise July 22, Northern Bay Sands, Bay de Verde Peninsula, #NewfoundlandandLabrador. Driving here you see the scorched trees and the devastation of last summer’s wildfire. I think how devastating for everyone involved and yet the sun rises.
Happy Thursday. #explorenl pic.twitter.com/UdsrMVAsgg

— Connie Boland #querying #fiction (@BolandC) July 23, 2026