Wars and Rumors of Wars

Hegseth Pledges Iran Will Not Be "Endless War" As Trump Vows "Big Wave" Of Attacks Ahead Update(1015ET): The Pentagon has announced it has gained complete 'local air superiority' over Iran, and also that Israel continues working with the US to eliminate 'common threats'. This came soon on the heels of the shocking news of three US F-15s downed over Kuwait. Iran is claiming to have shot down at least one US jet, while the US and Kuwait counter-claim that it was actually Kuwaiti 'friendly fire'. Some six total US airmen parachuted down...

$100 Oil Is Solving Russia's Budget Problem Submitted by Charles Kennedy of OilPrice.com Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit a four-year high as oil prices jumped to $100 per barrel amid the Iran war and the de facto closed Strait of Hormuz. Moscow expects so much additional revenues from the oil price spike that authorities are unlikely to downgrade Russia’s economic prospects, hold off on planned budget cuts, and even boost military spending on the war...

Oil Declines As Iran Says 'Understanding' Reached In US Nuclear Negotiation The second round of indirect negotiations between the United States and Iran concluded in Geneva, Iran's semi-official Students' News Agency (ISNA) reported Tuesady. Delegations from both sides left the venue following the talks, however, the Iranian side says it's ready to stay in Switzerland for days or even weeks if needed, in order to reach a deal and stave off military attack by Washington. Oil is dumping on the following headline issued an hour after conclusion: IRAN FOREIGN MINISTER SAYS...