US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022

NATO Condemns Russia After Drone Smashes Into Romanian Apartments: 'Grave Escalation' A Russian overnight attack on Ukraine reportedly involved an errant drone crashing into a 10-story apartment block in neighboring Romania, which is a member of NATO. "We condemn Russia's recklessness, and NATO will continue to strengthen our defenses against all threats, including drones," a NATO spokesperson said on X, in an initial reaction.  Romanian Department for Emergency Situations handout, via Reuters Romanian officials described that during the Russian military's assault on Ukraine, which has basically become nightly at this point, a Russian drone slammed...

Oil Plunges As Iran 'Completely Opens' Hormuz, US Reportedly 'Mulls' $20BN Cash-For-Nukes Deal, Summary Iran's Aragchi says "Strait of Hormuz is declared completely open" US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape Peace talks reportedly on Sunday in Islamabad Iran Opens Hormuz In a rather shocking turn of events, Iran's Foreign Minister Seyed Abbas Aragchi posted on X that the Strait of Hormuz is open: "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,...

Regulation: Protecting Incumbents And Suppressing Competition Authored by Hal Snarr via Mises Institute, A previous article attributed widespread airline service failures not to individual carriers but to government interventions sold as consumer protections. Through a web of intricate regulations and controls, the state restricts entry, grants shared monopoly privileges to approved carriers, and creates what Rothbard calls a state-enforced cartel. The result is an illusion of competition that allows poor service to persist without attracting better alternatives. This article examines how the same pattern protects incumbents and suppresses competition across other...