Russia Warns Situation At Bushehr Nuclear Plant Deteriorating After 3rd Airstrike In Ten Days

Oil Rebounds After Iranian Denial: Will 'Under No Circumstances' Give Up Nuclear Program To End War Summary Trump calls for Iran's total military surrender in Monday morning Truth Social post. Oil rebounds on Tasnim reporting Iranian denial: Tehran "under no circumstances" will negotiate nuclear issue as part of an end to the war. A flurry of (the somewhat typically-timed) Monday opener headlines have pushed oil prices lower, erasing weekend gains, including Al Arabia reporting that Iran is ready to accept a long-term nuclear freeze, instead of full dismantling. Iran has submitted its latest proposal...

Growing Division In Iran's 'Hardline Camp' Emerges Over Halting All Talks With US It remains difficult to know what's really going on inside Iran, and to accurately assess the state of the country's internal politics, but Financial Times describes a situation of hardliners vs. moderates duking it out to see whether negotiations with the United States should continue. The report comes well after President Trump and the White House have at various times alleged Tehran governance is 'fractured' and the state is even 'collapsing' - which seems exaggerated if not flatly...

Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall Submitted by Thomas Kolbe A robust market economy unfolds its maximum absorption capacity precisely during external shocks. In such cases, policymakers would essentially only need to sit still, as the storm clouds usually pass on their own—true to the principle that high prices are the cure for high prices. This, of course, only applies to energy markets if governments have not already removed themselves from the equation through grotesque political interventions long before the crisis. For European...