IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two

President Trump is expected to unveil his request for a $1.5 trillion military budget for the 2027 fiscal year on Thursday, Reuters has reported, marking a 50% increase from this year’s already massive budget. The 2026 military budget marked the first to officially exceed $1 trillion, which was achieved by Congress passing a 2026 National Defense […]

US Unleashes Another Wave Of Crude From Strategic Reserve As Gas Prices Soar The U.S. government will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in a bid to relieve elevated gas and oil prices amid the conflict with Iran. In a news release on Monday, the Department of Energy (DOE) announced it would release the crude oil from its sites in Louisiana and Texas to contribute to the International Energy Agency’s (IEA’s) move to stabilize the price of oil, which has often risen...

The Iranian Regime's Crypto Shadow Arsenal Authored by Tamuz Itai via The Epoch Times, In 2025, Iran’s crypto ecosystem swelled to more than $7.78 billion, according to Chainalysis, marking a notable acceleration from prior years amid economic collapse and geopolitical turmoil. For ordinary Iranians—roughly one in six of the population—crypto served as a vital lifeline. Facing relentless rial depreciation (down nearly 90 percent since 2018), chronic inflation of 40 to 50 percent, and frequent power blackouts or internet shutdowns during protests, citizens turned to Bitcoin and stablecoins like U.S. dollar-pegged stablecoins (USDT)...