Fiscal Responsibility, Formalization, and the Modern Fiscal State

Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer Summary Brent crude briefly reaches $119/barrel - Iran war high. CENTCOM reportedly preparing for "short wave of strikes" on Iran in order to potentially break the Hormuz impasse & force Tehran back to the negotiating table. Trump rejects Iran proposal as it won't give up nuclear program. Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher: Axios. Trump warns Iran to "get their act together" and to...

ZEC Crashes As Zcash Admits 'Critical Counterfeiting Vulnerability' Exposed By Claude Authored by Martin Young via CoinTelegraph.com, The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC. According to a post on X, security engineer Taylor Hornby, who was engaged by Shielded Labs, discovered the bug on May 29 and disclosed it to the Zcash Open Development Lab (ZODL), which deployed an emergency response to fix the vulnerability with a hard...

Iran Threatens Attack On US Navy In Hormuz, As Pentagon Rejects IRGC Claim American Warship Hit Summary Iran insists Hormuz is under its control & says it targeted & struck a US Navy vessel, which the Pentagon/Central Command has denied. Trump announced Sunday US will 'help free up' ships stuck in Hormuz Strait through Project Freedom. Iran has in response issued a "redefined the control zone" in Strait of Hormuz. Pakistan facilities good faith return of Iranian crew members of US-seized merchant ship from two weeks ago. US x Iran permanent peace deal by June...