The Barrel That Broke the Model

Distillates, Disruption, and What the Smile Is Actually Saying

Apr 2 • Anatoly Kazimirov

1

March 2026

The Pipe of Credit, the Pipe of Empire

On private credit collapse, Hormuz, and a market that has priced in nothing

Mar 25 • Anatoly Kazimirov

1

The Wrong Hedge

The distillate superspike

Mar 17 • Anatoly Kazimirov

1

Making Russian Oil Great Again

Washington went to war with Iranian oil. Moscow collected the winnings.

Mar 7 • Anatoly Kazimirov

2

The Trap springs shut

Iran, the Strait of Hormuz, and the Unravelling of American Hegemony in the Gulf

Mar 3 • Anatoly Kazimirov

February 2026

David vs Goliath

Surviving against the odds

Feb 26 • Anatoly Kazimirov

The Pyramid and the Dream

It was always a financial scheme

Feb 22 • Anatoly Kazimirov

Slow-Motion Collapse of Everything

A dispatch from the international chaos desk

Feb 18 • Anatoly Kazimirov

1

Nothing Is Broken Fast Enough

Everyone Agreed. Nothing Was Ready

Feb 11 • Anatoly Kazimirov

The phone call

The Week America Stopped Pretending

Feb 1 • Anatoly Kazimirov

3

January 2026

The Kings last stand

The paradox of the dollar, the bubble in artificial intelligence, and the tightening noose of the bond market are not separate stories but facets of a…

Jan 21 • Anatoly Kazimirov

The Black Swan in Chief

Alpha, Beta, and Covfefe

Jan 17 • Anatoly Kazimirov

1