Iranian Gunboats Open Fire On Tanker As Hormuz Closure Sparks Maritime Chaos

US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months' Energy Secretary Chris Wright made the rounds on network TV Sunday to reassure viewers that the sharp rise in oil and gas prices due to the Iran war - which Trump has no problem sticking US consumers with for a while - would prove short-lived, and has downplayed the spike as a transient "fear premium" vs. a fundamental supply issue. In conversations to CBS, CNN, and Fox News, wright emphasized that global energy markets remain well-supplied despite...

Central Bank Gold Buying Rebounds In April From Dramatic March Selloff First the good news: according to the latest World Gold Council update, central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which at nearly 30 tons were the largest monthly gold sales in years, driven almost entirely by Turkey. Poland remained the top buyer in...

Why Is China Advertising Insane War Drones On Facebook The proliferation of low-cost suicide drones and interceptor drones appears to be accelerating as nation-states begin stockpiling these expendable platforms, reflecting a rapid and structural shift in modern warfare toward mass, attritable weapons. More concerning is that some of these drones appear to be marketed far beyond traditional military channels and potentially sold to the highest bidder. We have already identified what appear to be Chinese companies advertising advanced dual-use drone systems on Facebook, suggesting that drone warfare technologies could soon be easily...