Bessent Gloats Over Iran's Collapsing Currency, Signals Hope For Uprising Amid Reports Israel Preparing Fresh Attack

Every nation-state boundary was drawn by force. Should we treat them as sacred the same way we treat a house or factory? Rothbard says no, and proposes something more radical.

ADNOC Issues Ninth Spot Crude Tender Since June As UAE Boosts Oil Exports Submitted by Tsvetana Paraskova of OilPrice.com Abu Dhabi National Oil Company (ADNOC) has just issued its ninth spot tender offering crude oil to buyers for October and November loadings, as the United Arab Emirates (UAE) continues to push its oil production and exports higher despite the Hormuz crisis. The UAE’s national oil company is offering Upper Zakum, Umm Lulu, and Das crude grades pumped at fields inside the Persian Gulf in its ninth spot tender since June, sources in...

HSBC Sees "Upside Risks" From "Super Squeeze" In Commodities London copper futures are trading north of $14,700 a ton, Brent crude futures have climbed above $101 a barrel, US diesel crack spreads are back in triple-digit territory, and the Bloomberg Commodity Index is at a 14-year high. The energy shock has broadened into a rally across the commodity complex, from energy to agricultural products to metals and other critical materials, with a growing number of Wall Street research desks identifying tightening physical supplies as a key driver. HSBC chief economist for...