Real Cost of Iran War Likely Double the $25 Billion Figure the Pentagon Gave to Congress

Iran Says 'Prepared To End War' If Security Guarantees Offered, But Still No Direct Negotiations - Just 'Messages' Summary President Pezeshkian: prepared to end war with guarantees against further attacks. IRGC warns it will hit 18 US tech companies in region, says Siemens in Israel already attack China, Pakistan issue broad five-point framework for peace (document below); France, Italy begin to block airspace for Iran-related US ops WarSec Hegseth saw "upcoming days will be decisive", strikes will continues without any deal - says "regime fragmenting" President Trump signals off-ramp, tells world "go get your own oil", says...

First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers OPEC member and major Gulf producer, the UAE, has decided to exit the oil cartel, an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET. OPEC finished https://t.co/RtxJdZQeQh — zerohedge (@zerohedge) April 28, 2026 WAM said the decision reflects the "evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner." OPEC was founded in Baghdad in September 1960 by Iran, Iraq, Kuwait,...

Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal The U.S.-Iran interim peace deal has been signed, and the normalization of the Strait of Hormuz is now beginning. Tanker traffic through the critical waterway is slowly resuming, though a full return to pre-war or near-pre-war energy flows could take months. But behind the urgency to get the memorandum of understanding deal across the finish line were two uncomfortable realities. First, President Trump recently met with oil and gas executives, who likely informed the administration that...