Trump Announces Military Coalition With Latin American Leaders To Eradicate Cartels

Feedom Of Navigation By Bas van Geffen, senior market strategist at Rabobank The Houthis are considering charging fees on vessels sailing through the Bab el-Mandeb Strait. Reuters reported that the plan was discussed with Iran’s leadership, who have offered help to set up an authority to collect the toll. Besides the potential revenue source, the aim of the Bab el-Mandeb fees would reportedly be to normalize the idea of charging fees on international waters. But freedom isn’t fees. President Trump has repeatedly rejected the idea of Iran levying a toll in the Strait...

FERC Will Impose Reforms If PJM Fails To Adopt Changes By September, Chairman Warns By Ethan Howland of UtilityDive The PJM Interconnection has until the end of September to agree to governance and stakeholder reforms or the Federal Energy Regulatory Commission will impose them, the agency’s chairman, Laura Swett, said Thursday. “PJM is facing a grave legitimacy crisis,” Swett said at a technical conference FERC held on the grid operator’s governance issues. “Some transmission owners are openly discussing leaving the RTO altogether. Put plainly, market participants have lost confidence in PJM’s decision-making...