No More Bombs for Iran, Economic War Instead?

Oil Explodes To 29-Month Highs After Trump Says "No Deal" With Iran Except Under "Unconditional Surrender" The war has entered its seventh day, but there could be a glimmer of hope for some kind of diplomatic-led offramp as Iranian President Masoud Pezeshkian indicated Friday that several countries have begun mediation efforts to end the war with the United States and Israel, but insists negotiations must confront those who started the conflict. "Some countries have begun mediation efforts. Let’s be clear: we are committed to lasting peace in the region, yet we...

Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West Via The Cradle Russia has become Syria's leading supplier of oil since the collapse of former Syrian president Bashar al-Assad’s government and the rise to power of former Al-Qaeda chief Ahmad al-Sharaa, according to Reuters.  Shipments of Russian oil have risen by 75 percent this year to roughly 60,000 barrels per day (bpd), based on Reuters calculations using official data and vessel tracking from LSEG, MarineTraffic, and Shipnext. Getty Images While these volumes account for only a small fraction of Russia’s total global oil...