The Madness of King Trump: War Games, War Crimes and a Wrecking Ball Presidency

Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure A little more than a week after Emirates Global Aluminum (EGA), the Gulf's largest aluminum producer, halted operations at its Al Taweelah smelter following Iranian missile and drone strikes, EGA has now declared force majeure on parts of its contract book, signaling that supply chain disruptions are spreading beyond energy markets and into industrial metals. Bloomberg obtained new documents showing that EGA invoked force majeure clauses to suspend at least some deliveries after Iranian drone and missile strikes damaged the Taweelah smelter...

Oil Conundrum: Record Inventory Draws And Stable Crude Prices Something strange is taking place in oil. Crude prices have been remarkably stable over the last week, with Brent mostly trading in the high 90s on mixed prospects for the resolution of the over 7-week conflict in the Persian Gulf, despite signs to the contrary: the second round of talks between the US and Iran has been postponed indefinitely following Iran’s decision not to participate; President Trump extended a ceasefire “until such time as their proposal is submitted, and discussions are...

Iraq’s Popular Mobilization Forces (PMF) said Monday that six of its fighters were killed by a “Zionist bombing” near the border with Syria as fighting in Iraq amid the US-Israeli war against Iran continues to rage. The PMF, a coalition of mainly Shia militias that was formed in 2014 to fight ISIS and is part […]