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Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner
Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner
Authored by Andrew Korybko,
Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its envisaged role as a counterweight of sorts to China while more energy revenue from India preemptively averts Russia’s potentially disproportionate dependence on China.
The Treasury Department renewed the US’ Russian oil sanctions waiver on Friday two days after Secretary Scott Bessent said that this wouldn’t happen.
It remains unclear what exactly accounts for this flip-flop, but...
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Jun 28, 2026 / Kyle Anzalone
Iran Asserts Control Over Strait of Hormuz
Fighting flared in the Persian Gulf over the weekend after the US and Oman challenged Iran’s control over the Strait of Hormuz. On Wednesday, Oman announced a new shipping route through the Strait of Hormuz that bypassed the Iranian shipping lane. Tehran viewed the move as a violation of the memorandum of understanding (MOU) that […]
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Apr 28, 2026 / Tyler Durden
Improper US Government Payments Rose To $186 Billion In 2025: Watchdog
Improper US Government Payments Rose To $186 Billion In 2025: Watchdog
Authored by Sylvia Xu via The Epoch Times (emphasis ours),
Federal government agencies reported a total estimate of about $186 billion in improper payments in fiscal year 2025, an increase of $24 billion from 2024.
The U.S. Government Accountability Office building in Washington on May 22, 2025. Madalina Vasiliu/The Epoch Times
About $153 billion—roughly 82 percent—of this total arose from overpayments.
The Government Accountability Office estimated that cumulative improper payments have reached about $3 trillion since fiscal year 2003. The actual amount may...
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Apr 5, 2026 / Tyler Durden
Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom
Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom
After a long weekend of kinetic and verbal escalation (and a strong payrolls print), and with President Trump reminded Iran that his deadline for a deal looms, it is no surprise that oil prices are higher in early trading...
WTI topped $115...
Near post-war highs...
And despite the recent hope-filled decoupling of oil and stocks...
...S&P futures also weak, down around 0.7% in the early trading...
Treasury futures and gold are lower with USD/JPY near 159.70.
While the Iran conflict has established an ongoing state of caution...
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