IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock

The Case Against Federal Reserve Independence Authored by Alexander William Salter via AmericanMind.org, It’s illegal in theory and ineffective in practice. The independence of the Federal Reserve System has become a major source of public controversy. As political leaders signal dissatisfaction with monetary policy, officials and commentators rush to defend the central bank’s insulation from democratic pressure. We are told, as if it were self-evident, that central bank independence is a pillar of sound economic governance. But this confidence is misplaced. The economic case for central bank independence is far weaker than its defenders suggest. And the constitutional case is weaker still. Start...

Iran Offers New Proposal To Reopen Strait - Trump Open To Sealing Deal Via Phone Summary After a weekend of stalemate malaise, Iran reportedly offers new proposal for opening ship traffic, while postponing the thorny nuclear issue  Trump says peace could come via telephone rather than face-to-face meetings Iranian FM has been sending written messages to US via Pakistani intermediaries  Iranian Foreign Minister Araghchi visits Russia for talks with President Putin Trump says Iranian oil infrastructure could explode from within unless flow resumes Iran Offers New Path To Opening Strait Running a little ahead of schedule, Sunday...

IRGC Threatens 18 US Tech Companies In Region After Hegseth Declared Regime Fragmenting; Trump Reiterates War To End 'Soon' Summary IRGC warns it will hit 18 US tech companies in region, says Siemens in Israel already attack China, Pakistan issue broad five-point framework for peace (document below); France, Italy begin to block airspace for Iran-related US ops WarSec Hegseth saw "upcoming days will be decisive", strikes will continues without any deal - says "regime fragmenting" President Trump signals off-ramp, tells world "go get your own oil", says Iran 'decimated'. Tells NYP the strait could 'automatically...