Robert Murphy Articles on Mises.org

Saudis Threaten Retaliation After Alleged Houthi Drone Attack On Mecca Crosses "Red Line" Escalation in the Gulf area conflict certainly appeared overnight after Saudi Arabia accused Iran-backed Houthi rebels of targeting Mecca with a one-way attack drone, raising the risk of a deeper conflict as the kingdom's East-West pipeline was knocked offline last week. Bloomberg quoted the Saudi-led coalition, which said an attack drone was intercepted heading toward Islam's holiest city and warned that protecting religious sites was a "red line." "The security of the Two Holy Mosques and the pilgrims is...

UN Security Council Passes Iran War Resolution, Yet With No Mention Of US Or Israel Many independent pundits have long complained of the emptiness of the United Nations as some kind of 'moral authority' - given it often claims to be just this. The vacuous nature of UN statements connected to war is on display once again as the Security Council (UNSC) issued a formal condemnation of the Iran war on Wednesday, but without mentioning either the United States or Israel at all. For this reason, Iran quickly slammed the vote,...

Reports Of US Unleashing New Attacks On Southern Iran Sends Oil Soaring Summary Reports of fresh US strike wave on southern Iran, oil soars Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated. Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks. Oil prices surge: Brent crude rose above $92/barrel. Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply higher. Strait of Hormuz traffic returns to normal by...