Israeli Strike Kills Nine-Year-Old Boy in Southern Gaza

We are reminded time and again that prices emerge from subjective valuation, not objective criteria.

Tanker Armada Races For Hormuz After Iran Says Strait Is Open An armada of at least eight oil tankers set off toward the Strait of Hormuz immediately after Iran’s foreign minister said the vital waterway was fully open to shipping. Five of the carriers, which had been anchored north of Dubai, were moving into the waterway on Friday afternoon, soon after Iran’s foreign minister said it was completely open, vessel tracking data compiled by Bloomberg show. Three more, which were waiting about 70 miles west, have also begun moving in the direction of...

Iran Rejects US Proposed Ceasefire, Counters With 5 Conditions For Ending War, As US Troops En Route Summary Iran Does Not Accept Ceasefire, Issues 5 Conditions, Says US Talks Illogical. The statement says that talks are not viable in current conditions, oil rising. 3,000 elite Army Airborne soldiers & Marines still en route after Trump said Monday says Iran has been destroyed "militarily".  Iran is tightening control of Hormuz, demanding detailed ship data and in some cases large fees for passage. Iran continues to say it is ready for long war, monitors US troop movements: Parliament Speaker...