Drone Attack On Russia's Tuapse Oil Refinery Unleashes Fire So Large It Can Be Seen From Space

US Homebuilder Confidence Crashes To 14 Year Low, Blame Mortgage Rates & Immigration American homebuilder confidence crashed to 29 in October - down from 32 in September and worse than the 31 print expected as rising mortgage rates, energy and material costs, and worsening labor and lot conditions have pushed builder sentiment to a 14-year low. All three of the major HMI indices posted losses in October. The index measuring current sales conditions fell two points to 33, the index gauging future sales expectations dropped five points to 32 and the index...

Escalation On All Fronts As Iran Says Never Requested US Energy Strike Pause; Israel Goes After Industrial Targets Summary No pause from Tehran, war footing deepens: Iran denies requesting Donald Trump’s 10-day halt; Israel attacks steel & industrial sites. Escalation on all fronts: IRGC HQ targeted by US-Israsel; Iran signals expansion by naming UAE targets, hitting Kuwait ports and sending drones on Riyadh Israel doubles down amid reports of manpower strain: IDF chief warns of manpower pressure even as Defense Minister Katz vows to "intensify and expand" strikes. Risk rises that Iran is holding...

Can Lasers Beat Drone Swarms? The Pentagon Is About To Find Out Authored by Alex Kimani via OilPrice, The enormous expansion of drone warfare is forcing militaries to reconsider how much ammunition they can afford to fire at relatively cheap targets. The Pentagon is betting that some of that ammunition can be replaced with electricity, selecting four directed-energy systems for operational testing at five U.S. military bases. The Pentagon selected AeroVironment's (NASDAQ: AVAV) Palletized High-Energy Laser, Boeing's (NYSE: BA) Compact Laser Weapon System, Kord Technologies' Firefly high-energy laser and Epirus' Leonidas high-powered...