A tale of two worlds

The Iranian government has allowed a number of foreign vessels to transit the Strait of Hormuz in recent days, with some reports stating that a one-month permit had been granted to certain ships. Once a conduit for much of the world’s oil supply, the strait was effectively closed by Tehran in response to US and […]

Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock US Fuel Spike Summary: AAA national average diesel prices have jumped 34%, the largest increase for any month on record. AAA national average gasoline prices have jumped 24.5%, also the largest increase for any month on record. The spike in refined products comes just ahead of driving season and, if it persists long enough, could dent consumer sentiment polls. The Trump administration assures the conflict will be short-term. Countdown to Memorial Day driving season: 69 days. *  *  *  Update (0840ET) The partially paralyzed Hormuz chokepoint...

Israeli opposition leader and former Prime Minister Yair Lapid backed the idea of Israel’s “biblical borders” when asked about the US Ambassador to Israel Mike Huckabee’s belief that Israel had the divine right to take over all the land between the Nile and Euphrates rivers. “I support anything that will allow the Jews a large, […]