The End Of Oil Volatility As A Weapon

Iran on Tuesday appointed a former high-ranking Islamic Revolutionary Guard Corps (IRGC) commander as the new secretary of its Supreme National Security Council (SNRC) after Israel killed Ali Larijani, the country’s previous national security chief. According to Iran’s PressTV, Larijani’s replacement, Mohammad Baqer Zolqadr, served in the IRGC during the Iran-Iraq War of the 1980s, […]

China Condemns US Starting 'Vicious Cycle' Of 'Chaos' In Attacking Iran Chinese Special Envoy to the Middle East Zhai Jun has said at a briefing after his ​shuttle-diplomacy trip that included recent stops in Saudi Arabia, the United Arab Emirates and Kuwait that the US-Israeli operation against Iran must immediately cease or else a "vicious cycle" toward destabilizing the region and disrupt global trade would persist. "Should hostilities continue to escalate and the situation deteriorate further, the entire region will be plunged into chaos. The use of force will only lead to a...

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.  Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely watched services gauge jumped to 3.5%, the highest since last November, and non-energy...