UN Security Council Passes Iran War Resolution, Yet With No Mention Of US Or Israel

The Plumbing For Vast Defense Spending Needs To Be Set Up By Michael Every of Rabobank In response to Iranian strikes on ships using the Omani route in Hormuz, the US has struck Iranian air defense, missile, and drone sites in the Strait and suspended its oil sanctions waiver. These are clear breaches of the MoU, and we will now see if Iran escalates --it says it will take “decisive” action-- with the risk of war if the US is also prepared to go that route. We suspect the US will...

Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply Authored by Tsvetana Paraskova via OilPrice.com, Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies. Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia. Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify. Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed...

The Crypto Risk No One Is Discussing  Submitted by QTR's Fringe Finance With bitcoin hovering near $65,000, down about 50% over the last year, the mood across crypto has become increasingly subdued lately. For most of the 2020s, cryptocurrency transformed from a niche financial experiment into a major political issue. What began as a technology debate evolved into a cultural and ideological battleground, with Republicans increasingly positioning themselves as defenders of digital assets and free markets while Democrats often emphasized consumer protection, financial oversight, and regulatory scrutiny. Aside from worrying about adoption, quantum...