Iran’s Foreign Minister Says Geneva Talks Were the Most Serious Yet

Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed Authored by Irina Slav via OilPrice.com, Oil prices are tumbling as tankers stream out of the Strait of Hormuz, but most of that traffic is stranded vessels finally allowed to leave, not new supply heading in. Iran struck a commercial ship near Oman this week even as the 60-day U.S.-Iran ceasefire holds and markets keep pricing in a supply glut. The U.S. strategic petroleum reserve is at its lowest level in four decades, and China may resume buying once it stops selling off...

New York Cannot Ban Federal Agents From Wearing Masks, Judge Rules Authored by Chris Summers via The Epoch Times, A judge ruled on Aug. 3 that New York cannot ban federal agents from wearing masks or balaclavas, or require them to wear visible identification. Masked federal agents wait outside an immigration courtroom in New York on July 8, 2025. Olga Fedorova/AP U.S. District Judge Mae D'Agostino, for the Northern District of New York, wrote that New York state's perspective "is grounded in unavoidable observations of recent troubling events which loom darkly over the...

Poland Moves To Tax Fuel Windfalls Earned During Iran War Authored by Michael Kern via OilPrice.com, Poland's government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs. The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty $1.1 billion. Under the...