Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs

Yemen said that Saudi Arabia bombed the airport in the capital city as a plane attempted to return from Iran. It is the second time this month that Sanaa reported Riyadh attempted to interfere with a plane returning to Yemen from Iran.  On Monday, officials from the ruling Ansar Allah party said that Saudi bombs […]

Before the Israeli invasion of Lebanon in March, they were still attacking Lebanon on an almost daily basis at any rate. Starting in late January, some of those attacks involved the spraying of concentrated herbicide on Lebanese farmland and other agricultural lands. Those operations continued to be reported intermittently after, but were mostly overshadowed by […]

Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias Tl;dr: FOMC Minutes confirm a deeply-divided Fed with a hawkish bias as "majority" saw hike likely warranted, "many" preferred removing easing bias. *  *  * Since the last FOMC meeting (Powell's last), on April 29th, stocks and the dollar are up, bonds and gold are down and oil has swung violently in between... Source: Bloomberg Expectations for Fed action this year has surged hawkishly from a 20% chance of a single rate-cut to an almost 100% chance of a single rate-hike...