The Horrifying Endgame in Ukraine

US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months' Energy Secretary Chris Wright made the rounds on network TV Sunday to reassure viewers that the sharp rise in oil and gas prices due to the Iran war - which Trump has no problem sticking US consumers with for a while - would prove short-lived, and has downplayed the spike as a transient "fear premium" vs. a fundamental supply issue. In conversations to CBS, CNN, and Fox News, wright emphasized that global energy markets remain well-supplied despite...

Iran Allows Iraqi Ships To Use Strait Of Hormuz As Total Weekly Transits Reach HIghest Since War Began Over the past two weeks we have been chronicling the increased rate of crossing across the "blockaded" strait of Hormuz as a growing number of ships from friendly nations - whether untolled Chinese tankers or toll-paying Indian, Japanese and Korean vessels - have been making the passage. And as traffic through the Hormuz strait has been picking up in the past week, the seven-day rolling average for transits on Friday reached the...

Downed U.S. Drone Appears On TikTok Live As Iraqi Children Try To Sell It As the U.S.-Iran conflict enters its second month, America's Low-Cost Unmanned Combat Attack System, or LUCAS, is becoming increasingly visible across the Middle East theater, a sign that the Department of War has learned one critical lesson from both the Iranian drone playbook and the Ukraine-Russia war: cheap drones are the future of warfare. The latest news on LUCAS comes from an unverifiable TikTok video, amplified on X, which appears to show a downed drone seized by...