Precious Metals Work

Brent Nears $110 Then Tumbles On IEA Demand Destruction Warning As Houthis Threaten Saudi Oil Escape Route, Diesel Shock Goes Global Brent crude futures nearly topped $110 a barrel in the overnight hours but fell 3.5% to the $103 handle by 6 a.m. ET, after reports from the International Energy Agency that soaring fuel costs could spark global demand destruction. The global benchmark remained on course for its biggest weekly advance since July. Prices have soared more than 70% this year as the Hormuz chokepoint remains disrupted, energy infrastructure attacks continue...

US, Philippines Launch Their 'Biggest Ever' Balikatan Drills With Large Japanese Contingent Authored by Dave DeCamp via AntiWar.com, The US and the Philippines on Monday launched what’s being billed as the "biggest ever" Balikatan Exercise, an annual military drill that, for the first time, includes a significant contingent of Japanese troops as Tokyo increases its military activity in the region, ramping up tensions with China. The drills are scheduled to take place from April 20 to May 8 and will involve more than 17,000 troops, including about 1,400 Japanese military personnel. US Army photo Importantly, exercises...

President Trump on Monday said that the US and Iran will hold negotiations in Doha, Qatar, on Tuesday despite the two sides trading strikes over the weekend, though an Iranian official denied that technical talks under the US-Iran Memorandum of Understanding (MoU) were scheduled. “IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN […]