Supreme Court Strikes Down Trump Tariffs - But He Has 'Backup Plan'

Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal The U.S.-Iran interim peace deal has been signed, and the normalization of the Strait of Hormuz is now beginning. Tanker traffic through the critical waterway is slowly resuming, though a full return to pre-war or near-pre-war energy flows could take months. But behind the urgency to get the memorandum of understanding deal across the finish line were two uncomfortable realities. First, President Trump recently met with oil and gas executives, who likely informed the administration that...

Norway Lobbies To Persuade EU To Drop Arctic Drilling Ban Authored by Tsvetana Paraskova via OilPrice.com, Norway, Western Europe's top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas drilling. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has sent nearly a dozen of its ministers to Brussels so far this year to discuss energy and trade and the state of the Arctic drilling. The Iran...

US Coast Guard Eliminates Race-Based Enlistment Preferences Authored by Naveen Athrappully via The Epoch Times, The U.S. Coast Guard has eliminated race-based preferential enlistment for college students who wish to join the service and commission as officers, the Department of Homeland Security (DHS) said in a May 29 statement. “The program in question, the College Student Pre-Commissioning Initiative (CSPI), includes a preference for students from educational institutions that meet certain quotas for specifically identified racial groups in their student bodies,” DHS said. “Such requirements stand in stark contrast to the Trump Administration’s focus...