Exxon & Chevron Shares Jump After Big Q1 Earnings Beat

IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday.  Oil prices have plunged since the United States and Iran signed the memorandum of understanding (MoU) in the middle of June, with North Sea Dated prices down by $31 per barrel in...

Sen. Lindsey Graham (R-SC) on Sunday called for the US to capture Iran’s Kharg Island, where most of the country’s oil exports pass, comparing the potential operation to the Battle of Iwo Jima in World War II. “Here’s what I’d tell President Trump: Keep it up for a few more weeks, take Kharg Island … […]

Israeli Troops Deployed To Somaliland In Covert Mission Via The Cradle Israel secretly deployed a small contingent of forces to Somaliland earlier this year following its recognition of the breakaway territory, a senior Somali government official revealed to Middle East Eye (MEE) on Monday. "According to our intelligence reports, the Israeli military selected Israeli soldiers of African heritage, especially Ethiopians, so as not to draw attention to themselves and to blend in more easily with the local community," the senior Somali official stated. via Reuters The Somali official said that Israel had deployed a group of 50...