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G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade
G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade
Update (1055ET):
G-7 finance ministers used headlines in Asia, including calls for a meeting to discuss an SPR release, as a purely performative attempt to calm chaotic energy markets.
Now that the emergency meeting is over, the group of leaders failed to agree on releasing crude supplies. Those headlines briefly hit Brent down from around $119/bbl to near $100, but once again, it appears to have been little more than a circus act as world leaders stare directly...
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May 18, 2026 / Dave DeCamp
Israeli Attacks in Gaza Kill Six Palestinians in 24 Hours
Gaza’s Health Ministry said on Monday that Israeli attacks over the previous 24-hour period killed at least six Palestinians and wounded 40 as the IDF continues its constant violations of the US-backed ceasefire deal. “A number of victims are still under the rubble and in the streets, as ambulance and civil defense crews have been […]
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Jun 4, 2026 / Tyler Durden
Standard Chartered Sees Bitcoin Bottom "Almost In" As Crypto Crashes To 3-Month-Lows
Standard Chartered Sees Bitcoin Bottom "Almost In" As Crypto Crashes To 3-Month-Lows
Authored by Naga Avan-Nomayo via TheBlock.co,
After a brutal week for bitcoin (down over 20% in the last 9 days), Standard Chartered said the worst may soon be over for the largest cryptocurrency and the broader digital asset market.
The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, said in a note entitled "The Low Is Almost In", the bitcoin market is close to a bottom, arguing that structurally resilient spot exchange-traded fund holdings and an anticipated large buyback...
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May 19, 2026 / Dave DeCamp
Israeli Strike on Gaza City Kills One Palestinian as Constant IDF Ceasefire Violations Continue
An Israeli airstrike on a car in Gaza City on Tuesday killed at least one Palestinian as the Israeli military continues its constant violations of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, the strike hit a vehicle on al-Shuhada Street in the western part of the city. An Israeli drone attack […]
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