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Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russian Deputy Prime Minister Alexander Novak, quoted by the Russian news agency Interfax, downplayed fears that the UAE's planned OPEC exit will trigger an immediate oil price war and race to the bottom.
"In the current situation, what kind of price war can there be when there is a shortage in the market?" Novak said, adding with the Strait of Hormuz remaining all but closed, "a huge amount of oil isn't reaching the market today, and demand is significantly higher than...
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Apr 27, 2026 / Patrick J. Lee
When a Chicken Isn’t Just a Chicken
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
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Apr 23, 2026 / Dave DeCamp
Katz: Israel Waiting for US ‘Green Light’ To Attack Iran, Plunge Country Into the ‘Stone Age’
Israeli Defense Minister Israel Katz said on Thursday that Israel was waiting for a “green light” from the US to break the ceasefire and renew attacks on Iran to plunge the country into the “stone age,” and finish off the Khamenei family, a sign that the truce is on the brink of collapse. “Israel is […]
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Mar 11, 2026 / Tyler Durden
"Risk Of Attack Is Too High": US Navy Refuses To Provide Escorts To Ships Transiting Hormuz Strait
"Risk Of Attack Is Too High": US Navy Refuses To Provide Escorts To Ships Transiting Hormuz Strait
One week after Trump announced that the US would cover insurance for ships transiting the Strait of Hormuz, and would provide them with US navy escorts, Reuters reports that the US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now.
The U.S. Navy has held regular briefings with...
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