The War as the Trade

First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened There have certainly been escalating tensions in the Strait of Hormuz this week amid a wave of Iranian attacks on commercial ships after a U.S. military effort to escort merchant vessels through the maritime chokepoint. By midweek, tensions had simmered, and Iran is still reviewing a 14-point U.S. proposal to end the war, with Tehran expected to send its response to Pakistani mediators later today. President Trump said talks with Iran have been "very good" and suggested a deal remains possible....

Restoring Meaning To American Citizenship Authored by John Velleco via Gun Owners of America, This week, the Supreme Court will hear oral arguments in a case that could redefine one of the most fundamental questions in American law: Who is a citizen of the United States? Does birth on U.S. soil automatically confer citizenship, even when the parents owe allegiance to a foreign nation? Gun Owners of America and Gun Owners Foundation, along with several others, have filed a Friend of the Court brief urging the Court to take a fresh look at...

Oil Spikes To Session High As Iraq Starts Shutting Output At Massive Oil Field Here are the most critical developments unfolding in the US-Iran conflict:  Iraq's crude oil output is being significantly curtailed. An update from Iraq specifies a shutdown of 460,000 bpd at West Qurna 2 and a cut of 700,000 bpd at Rumaila, while warning that more than 3 million bpd could be forced offline in the coming days if tanker access remains limited. Export crude bottlenecks are developing across Iraq. Storage at southern export terminals is nearing critical capacity...