China Preps For War: Spy Balloon Belies Much Larger Economic Warning Signs

North Korea Fires 10 Ballistic Missiles, Flexing During US Regional Drills It's obvious that 'wars of choice' never get launched against nuclear-armed powers, and countries like North Korea want to keep it that way, given it is already treated like a 'rogue' state by the West. Saturday saw Pyongyang engage in more muscle-flexing, as its military fired about 10 ballistic missiles toward the eastern sea, according to South Korea's military said, staging its own show of force as the rival South conducts a joint military exercise with the United States. Japan's Defense Ministry...

Trump Seeks $152 Million To Reopen Alcatraz Prison Authored by Kimberley Hayek via The Epoch Times, The White House on Friday requested $152 million to reopen Alcatraz, which is offshore from San Francisco, as a federal prison. The funding appears in the proposed budget for fiscal year 2027, released by the administration. It would cover first-year costs for the Federal Bureau of Prisons to rebuild the island facility into “a state-of-the-art secure prison facility,” according to the document. Alcatraz has operated as a National Park Service tourist site since 1973, after the federal...

Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN Over the long weekend, we reported that with traffic across the Hormuz strait continuing to rise, and reaching the highest since the war began, one particularly favorable development was Iran's permission for Iraqi ships to use the Strait. We also noted that this declaration had the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes. That said, there was the caveat that it was not immediately clear...