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Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer
Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer
Summary
Brent crude briefly reaches $119/barrel - Iran war high.
CENTCOM reportedly preparing for "short wave of strikes" on Iran in order to potentially break the Hormuz impasse & force Tehran back to the negotiating table. Trump rejects Iran proposal as it won't give up nuclear program.
Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher: Axios.
Trump warns Iran to "get their act together" and to...
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Jun 4, 2026 / Tyler Durden
EU Could Lose 1.3 Million Jobs Due To Energy Price Surge From Iran War
EU Could Lose 1.3 Million Jobs Due To Energy Price Surge From Iran War
Up to 1.3 million jobs across the EU are at risk because of the ongoing war in the Middle East, European Commissioner for jobs Roxana Mînzatu said on Wednesday.
"Due to the war in the Middle East, up to 1.3 million jobs are at risk, particularly in energy-intensive industries," Mînzatu said at a press conference.
"Let me also underline that increased energy costs will have a particular negative impact on lower-income households in Europe, which is why we...
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Jul 21, 2026 / Tyler Durden
CIA Distances Itself From Trump's Iran War With Media Leak
CIA Distances Itself From Trump's Iran War With Media Leak
It seems that CIA and other US intelligence officials hope to distance themselves from Trump's Iran war, now with the US-initiated conflict having dragged on for nearly five months (with no end in sight), after White House officials had in the opening days touted a swift, limited military excursion.
They are leaking intelligence to the press which shows they have assessed that current American strikes on Iran are unlikely to change Iran's negotiating position. With tankers in Hormuz on fire and...
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Apr 22, 2026 / Tyler Durden
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Authored by Aldgra Fredly via The Epoch Times,
U.S. Transportation Secretary Sean Duffy said on April 21 the department requires $10 billion in additional funding from Congress to overhaul the nation’s air traffic control with a new software system.
Duffy told Reuters in an interview that the additional funding would go toward developing new software aimed at improving the efficiency of air travel and reducing flight delays.
“This tool lets us see and then spread flights in a way that allows...
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