Crude spikes above $100 as oil tankers burn in Gulf

While Israel has been issuing more and more evacuation orders against various locations in Lebanon, that hasn’t stopped them from attacking targets well outside of those locations. Today, central Beirut’s residential district is in their sights, even though no evacuation order was issued before the strikes began. Other deadly strikes were reported in the Baalbek […]

Operation Epic Fury: Trump Says Could Last Four Weeks As Chaos Breaking Loose In Mideast Summary: Trump on Iran ops: “We have hit hundreds of targets including Revolutionary Guard facilities, air defense systems, nine ships, and naval buildings.” Britain threatens to join war on Iran — Telegraph Trump says conflict with Iran could last four weeks, Daily Mail reports: "It's always been a four week process. We figured it will be four weeks or so. It's always been about a four week process so - as strong as it is, it's a big...

Germany Is Now Officially A Planned Economy Authored by Eduard Braun via Mises Institute, Germany’s push for a social-ecological market economy rests on far-reaching state interventions in energy and industry, including a government-driven hydrogen strategy. In a recent report Germany’s Federal Audit Office explicitly describes the policy as a planned economy and highlights fundamental problems. At the same time, it doubts that the government will reach its own targets, indicating that these climate-policy experiments are likely to fail even on their own terms. Germany’s “social-ecological transformation” is the political program of turning...