Bahrain’s Big Breakout

Italian ‌Prime Minister Giorgia ‌Meloni said on Tuesday that her government has halted the automatic renewal of a military Memorandum of Understanding (MoU) with Israel, as Italy has become increasingly critical of Israel’s wars and killing of civilians. “In light of the current situation, the government has decided to suspend the automatic renewal of the […]

Putin Again Tells Energy Giants To Use Iran War Windfall To Pay Off Bank Loans: 'Wise Decision' In yet more unintended blowback from Washington's Iran war gambit, now in its fourth week, President Vladimir Putin said Monday that Russian oil and gas companies must use windfall profits from the Iran war to reduce debt. It's been no secret that higher crude prices, amid the ongoing massive disruption to global energy supplies due to the Hormuz Strait effective closure, have been a boon to Russia as it continues to fund its war...

Saudi Arabia Vs UAE By Benjamin Picton, Senior Market Strategist at Rabobank The Little Red Hen Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs and Brent crude prices closed 7.8% lower at $101.27/bbl. While some analysts are understandably wary of another Axios report touting progress in Middle East relations (and therefore lower oil prices!), markets are clearly not in a mood to look a gift horse in the mouth. Iranian foreign ministry spokesman Ismail Baghieri told news sources that...