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US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months'

US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months' Energy Secretary Chris Wright made the rounds on network TV Sunday to reassure viewers that the sharp rise in oil and gas prices due to the Iran war - which Trump has no problem sticking US consumers with for a while - would prove short-lived, and has downplayed the spike as a transient "fear premium" vs. a fundamental supply issue. In conversations to CBS, CNN, and Fox News, wright emphasized that global energy markets remain well-supplied despite...
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May 4, 2026 / Tyler Durden
Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin
Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin A Ukrainian one-way attack drone struck a high-rise apartment building in Moscow in the early hours of Monday, causing no reported casualties and only limited damage. The strike occurred just miles from the Kremlin, highlighting Ukraine's long-range drone strike capabilities. The New York Times reports that the drone strike comes five days before Russia's May 9 Victory Day parade, which has already been scaled back due to the growing drone threat. Moscow Mayor Sergei Sobyanin said there were no casualties, but footage posted...
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Aug 5, 2026 / Jason Ditz
One Killed, 11 Wounded in Southern Lebanon as Israel Attacks Prayer Hall
As the Rome talks stall between Israel and Lebanon, the IDF looks to be scaling up their operations within occupied southern Lebanon, leading to new civilian casualties as well as an incident in which the IDF troops themselves died in an explosion. An Israeli drone attacked the prayer hall in the town of Tebnine’s town […]
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May 17, 2026 / Tyler Durden
Americans Face The Highest Memorial Day Gas Prices On Record
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