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Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a "challenging macro backdrop" and unusually cold weather across parts of the Lower 48 states. The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically sensitive $4-per-gallon threshold for more than 66 days, or roughly two months. Consumers are already pulling back on purchases at gas stations and...

Foreign Cargo Ship Struck By 'Massive Projectile' Just Off Iraq A commercial cargo ship navigating the Arabian Gulf was struck by an unidentified projectile, triggering a "large explosion," according to the United Kingdom Maritime Trade Operations (UKMTO). The maritime strike took place approximately 65 nautical kilometers (40 miles) southeast of Umm Qasr, Iraq. At this time, the UKMTO noted that it is unaware of any environmental damage resulting from the blast. Source: UKMTO Initially Iraqi media reported the blast was due to "mechanical failure" - but soon after other regional media said it was...

Israeli attacks across Gaza on Monday killed at least six Palestinians as the IDF continues its constant violations of the US-backed ceasefire deal. According to Al Jazeera, at least two people were killed by a drone strike targeting a vehicle in Khan Younis, southern Gaza, and two others were killed by a strike on tents […]