Money versus Monetary Policy

Kamal Kharazi, an 81-year-old advisor to the Iranian government and former Iranian foreign minister, was severely wounded by a US-Israeli strike on his home on Wednesday that killed his wife, Iranian media has reported. Kharazi, chairman of Iran’s Strategic Council on Foreign Relations, was seen as a potential negotiator and, according to Iranian officials speaking […]

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...