Congress Returns From Recess - Here's What's On Its To-Do List

Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough Day 72 of the U.S.-Iran conflict opened with yet another failed diplomatic off-ramp. Tehran on Sunday submitted a counterproposal to the Trump administration's plan to end the war, but President Trump swiftly rejected it as "totally unacceptable," pushing WTI crude futures roughly 3% higher to $98 a barrel as traders slightly repriced the war-risk premium higher for a prolonged Strait of Hormuz disruption. Tehran's counterproposal was a major focus over the weekend, but what caught our attention Saturday morning was...

Vance Warns Iranians Ahead Of Pakistan Talks: US "Has All The Cards" & "We Want The Nuclear Fuel" Summary:  Vice President Vance (who's been tapped to lead talks) warns Iranians: Trump "has all the cards" and cannot have a nuclear weapon. Follows Pentagon/WH declaring "total victory". Iran says it has upper-hand. US, Iran agree to meet for first direct talks in Islamabad. Situation fragile given that Iran is threatening to hit Israel again over IDF's massive Lebanon airstrikes. Tehran says 3 clauses already violated. Iran meanwhile demands stiff fees for ships passing through Hormuz during the ceasefire, and...

Murray Rothbard knew that egalitarianism always resulted in policy disaster. Egalitarians, he said, should be forced to justify their egalitarian demands.