US, Israel Insist Iran Ceasefire Doesn't Apply In Lebanon, Which Suffers Huge Airstrikes

Army To Spend $465 Million On 'Group 3 Killer' Anti-Drone Laser Authored by Jeff Schogol via Task & Purpose, The Army has awarded a $464.8 million contract for a laser weapon designed to destroy the type of drones that Iran has launched against U.S. troops and partner nations in the Middle East for more than five months. The Army has awarded a $464.8 million contract to AeroVironment, Inc. for the LOCUST X3 laser system. Image via AeroVironment, Inc. The service has selected the LOCUST X3 laser made by AeroVironment, Inc. for its...

Russia Scrambles To Restore Fuel Supplies As Refineries Resume Operations By Charles Kennedy of OilPrice.com Amid the ongoing fuel crisis in Russia, authorities are rushing to ease concerns that the shortages are worsening. Russia has been suffering from a gasoline and diesel crunch since the spring, when Ukraine intensified its drone attacks at Russian refineries, aiming to cripple fuel supply to the front lines and to the domestic Russian market. The drone hits on refineries, including deep into Russian territory more than 1,000 miles from the border with Ukraine, have become a nearly...

ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock By Tsvetana Paraskova of OilPrice.com Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said this week. The ECB last week raised key interest rates for the euro area for the first time since 2023 as the Middle East conflict hiked energy prices that have started to feed into core inflation. The ECB raised the key interest rate by 25...