Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis

Peacefire By Michael Every of Rabobank Welcome to the ‘peacefire’. After Israel and Iran were pulled back from the brink of new war by Trump on Monday, Wednesday morning Asia time saw him then strike Iran, and it fire at US bases in the Gulf, in response to Tehran downing a US Apache helicopter. It appears the US hit radar and missile/drone facilities around and in the Strait of Hormuz while Iran didn’t hit anything due to its missiles being intercepted. Looking at the areas the US struck in Iran last night,...

The Pentagon’s Missile Defense Agency has awarded Lockheed Martin a $35 billion contract to dramatically ramp up the production of Terminal High Altitude Area Defense (THAAD) interceptors as the firm and other US arms makers cash in on the Iran war. Lockheed Martin said in a press release about the contract that it will quadruple […]