What 1971 Set in Motion

Saudis Bypass Hormuz As Oil Exports From Yanbu Surge Toward 5 Million Target One week ago, when fears that the Strait of Hormuz blockade would mean a permanent collapse in oil supply (we have since seen that Iran is allowing "friendly" ships to cross the strait, especially if they grease the toll-keeper with $2 million per crossing) hit a fever pitch and pushed the price of Brent to $120, we said that "Saudi Arabia Has Already Revived More Than Half Its Oil Exports Via Hormuz Bypass."   With Iran blocking Saudi ships from...

Commerce Department Finalizes Steep Duties On Solar Imports From India, Indonesia, Laos Authored by Kimberly Hayek via The Epoch Times, The Commerce Department on Friday finalized steep duty rates on imports of solar cells and panels from India, Indonesia, and Laos, stating that it found that producers in those countries dumped cheap products in the United States and benefited from unfair government subsidies. Anti-dumping margins were set at 123.04 percent for Indian producers, 94.36 percent for Indonesian producers, and 65.43 percent for producers from Laos. Countervailing duty rates ran higher. Indian producers were...

President Trump on Sunday issued new threats against Iran and its negotiators as US and Iranian officials were in Geneva, Switzerland, for the first round of talks under the US-Iran Memorandum of Understanding. Speaking to Fox News reporter Trey Yingst, President Trump claimed that he spoke with Iranian officials overnight and told them: “You close […]