Iran War Cost $25 Billion in First 2 Months, Pentagon Says

Massive Oil Slick Spotted Off Iran's Kharg Island, Cause Unknown  An apparent large oil spill spanning dozens of square miles of sea has been spotted off of Iran's main oil hub of Kharg Island, according to open source satellite imagery and reporting in both the NY Times and Reuters on Friday. The reports cite images from Copernicus's Sentinel-1, Sentinel-2, and Sentinel-3 satellites taken from monitoring May 6 through 8 which show a huge grey-and-white slick extending out to the west of Kharg Island. Image source: Soar "The slick appears visually consistent with oil," said Leon Moreland,...

The Complicated Reality Behind High Gas Prices Authored by Petr Svab via The Epoch Times, Average gas prices in the United States have gone up by almost 40 percent since March 1. The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait cannot deliver their oil, depriving the world of 7 percent to 10 percent of its supply. Although that explains drastic price increases and even shortages in Europe...