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Key Aluminum Spread In London Hits Biggest Backwardation Since 2007 Aluminum futures in London surged to a four-year high on Monday as President Trump's Strait of Hormuz blockade, set to take effect this morning, threatened to deepen supply chain disruptions across the Gulf region. On top of that, the Gulf's largest aluminum producer declared force majeure on parts of its contract book over the weekend. Aluminum climbed 1.4% to $3,547 per ton on the London Metal Exchange as traders priced in increased shipment disruption risk ahead of President Trump's Hormuz blockade,...

Riyadh Airport Struck Again, A Day After Houthi Attack Killed 12, Including An American Update(1420ET): The Houthis have carried out yet another attack on Riyadh's international airport - this one coming Sunday evening and leaving more people injured, after the day prior a Houthi missile strike on the travel hub left 12 people dead and over 300 injured. Regional reports say emergency crews battled a fire in the wake of the fresh attack: A fire broke out at King Khalid International Airport in Riyadh on Sunday after an unidentified projectile struck the...

A 28 Item Grocery Order From Target That Cost $64.50 In 2020 Now Costs $158.30 Authored by Michael Snyder via The Economic Collapse blog, The cost of living has become absolutely suffocating for millions of Americans. For years, the bureaucrats in Washington have been feeding us numbers that show that the rate of inflation is low, but it is obvious to everyone that what they are telling us is simply not true. Many of the items that I regularly purchase at the grocery store have more than doubled in price over...