A tale of two worlds

New Details: US Pilot Suffered Shrapnel Wounds After 'Unkillable' F-35 Was Struck By Iran Very little is known about last week's incident which forced an 'unkillable' F-35 fighter jet to make an emergency landing at an airbase in the Middle East last week, amid reports it took on Iranian fire. Iranian state media said it was shot and successfully downed. Al Jazeera observed that "If true, this would be the first time during the war that an F-35, the cornerstone of Washington’s aerial firepower, has been struck by Iran." US CENTCOM file image US Central Command...

IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two Update (1514ET):  For a second straight day, G-7 leaders attempted to push crude prices lower with headlines about an "emergency meeting" to discuss a possible Strategic Petroleum Reserve (SPR) release aimed at containing Brent and WTI crude prices. However, by late afternoon in New York, the Financial Times reported that the International Energy Agency (IEA) had concluded the meeting without reaching a decision on a coordinated release of crude stockpiles. Today's slide in Brent and WTI was...