US Launches Another Airstrike in Somalia as Trump Continues Ramped Up Bombing Campaign

US-Iran Tit-For-Tat Spirals Towards Broader Conflict The escalation pathway in the renewed tit-for-tat conflict between the US and Iran is becoming increasingly alarming and has been underway for eight days. US forces reportedly struck Qeshm Island and the southern Iranian cities of Shadegan, Sirik and Hajiabad, while Tehran retaliated with drone and missile attacks targeting US bases and critical infrastructure across Kuwait, Qatar and Bahrain, according to Bloomberg, citing Iranian state media. The latest escalation could open the door for Israel to rejoin the fight. Itamar Ben Gvir, an Israeli security...

Oil Tanker Earnings Soar To $470,000 A Day As Hormuz Hopes Drive Tanker Frenzy By Tsvetana Paraskova of OilPrice.com Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transit the tentatively reopening Strait of Hormuz.  One tanker has been provisionally booked to ship crude from the Persian Gulf to India at a rate that’s nine times the benchmark for the route, shipbrokers told Bloomberg on Wednesday.   South Korea’s Sinokor...

The Hinge Of History That Was 2020 Via The Brownstone Institute, “Shocking 105 million Americans are not working – more than during Covid or the Great Recession,” blared the New York Post.  Finally that’s something.  The graph alone tells the story. You thought that having the government forcibly send millions of people into lethargy and sloth, bankrupting millions of smaller businesses, slicing and dicing workers into essential and nonessential, would be devastating for labor force participation. It’s actually worse now than in the depths of the lockdowns, and 10.8 million more than were out of the...