Donald Trump Pulls the Trigger

The Trump administration has issued a sanctions waiver allowing the purchase of Iranian oil for 30 days without the threat of US economic penalties, as it scrambles to address oil and gas prices that have been driven up as a result of the US and Israel launching a war against Iran. “Today, the Department of […]

European Car Sales Jump 11% As Fuel Shock Drives EV Demand European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers. Bloomberg cited new-vehicle registration data for last month showing an 11%...

Israeli ground troops launched an invasion of the Lebanese border town of Bint Jbeil today, initially surrounding the town and inundating it with artillery fire before advancing deeper in. Hezbollah fighters are reportedly within the town resisting the advance. Details of what is happening in the town vary based on different sources, but the IDF […]