A tale of two worlds

US Southern Command said on Wednesday that its forces blew up another alleged drug-running boat in the Caribbean Sea, killing at least four people. As usual, the command offered no evidence to back up its claim that the boat was carrying drugs, something the Pentagon hasn’t done for any of the small vessels it has […]

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...

Israel has carried out overnight attacks on the Syrian military in the Suwayda Governorate, claiming to have hit a military headquarters as well as multiple army camps and weapons storage in the area in what they presented as retaliation for violence against the region’s Druze minority. Defense Minister Israel Katz accused the Syrian government of […]