In Win For Putin, India Buys 60 Million Barrels Of Russian Oil, As Refiners Increasingly Transact In Yuan, Dirham

The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking Authored by Kurt Cobb via Resource Insights, Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production. Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries. Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession. A priest, an engineer, and an economist are...

President Trump has made clear that American forces will still be “hanging around” the Persian Gulf area with an eye on Iran, while demanding that the Strait of Hormuz be opened to global energy transit once again.  Trump has vowed to keep troops positioned for a fight “until such time as the REAL AGREEMENT reached is fully complied […]