Matt Taibbi: Epstein Files Are "Uniquely Destructive" To Both Political Parties

U.S. To Begin 86-Million-Barrel SPR Dump Next Week Via Exchange Program The speed of the energy shock rippling out from the U.S.-Iran conflict in the Middle East and the near-paralysis of the Strait of Hormuz forced the 32-member IEA last week to approve a 400-million-barrel release from Strategic Petroleum Reserves to help cushion the blow to the global economy. The bulk of that supply will come from the U.S., with the Trump administration preparing a request to exchange 86 million barrels of crude oil as soon as next Wednesday. The planned...

FAA Moves To Lift 50-Year Ban On Overland Supersonic Flights The Federal Aviation Administration (FAA) on Tuesday moved to end the more than 50-year ban on civilian supersonic flights over the continental United States, proposing rules that would allow aircraft to exceed the speed of sound provided they don’t produce a sonic boom. The U.S. Department of Transportation (DOT) announced on June 30 that the FAA has issued a notice of proposed rulemaking that would replace the more than 50-year-old prohibition on overland civil supersonic flight with a regulatory framework focused...

"It's Getting Worse": HSBC Warns Commodities Face Squeeze As Chokepoint Chaos Spreads The key takeaway heading into the weekend is that maritime chokepoint chaos has spread from the Strait of Hormuz to the Bab el-Mandeb Strait, while fighting across the Black Sea has intensified between Russia and Ukraine. The widening disruptions have prompted several institutional desks this week to warn that a potential squeeze on physical commodity markets could send prices from energy to agricultural goods higher. "The Middle East conflict has escalated, putting a substantial squeeze back into commodity markets,"...