US Oil Premiums Hit Record High As World Scrambles For Crude

The Israel-Lebanon ceasefire may have been extended this weekend, but that doesn’t mean fire has in any way ceased, nor indeed that the ongoing Israeli invasion of Lebanon isn’t moving ever deeper into the country. In the first day since the extension was announced, Israeli troops killed at least 18 Lebanese and wounded 124 others. […]

Yemen’s Ansar Allah, also known as the Houthis, said on Monday that a Saudi airstrike hit a prison in northern Yemen’s al-Jawf province, killing at least seven people, including a child, as the war in the country continues to escalate. Footage from Yemen’s Al Masirah TV shows the aftermath of the strike on the Central […]

Ceasefire Over? Trump Downplays 'Mini-War' After US & Iranians Trade Shots, Missiles Target UAE Summary Trump employs interesting new term: "We’re in, I call it a mini-war." Fujairah says 3 injured in Iranian attack on Oil Industry Zone, UAE confirms "air defenses are now dealing with a missile threat", we have gotten reports of explosions in Dubai, which has sent oil higher and Emini futures into the red. UAE threatens retaliation.  CENTCOM hails two US merchant ships exiting Hormuz Strait safely in "first step". Bessent issues remarks warning the US "will fire if fired...