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Duffy Claims Gas Prices Will Fall Immediately After Hormuz Reopens

Duffy Claims Gas Prices Will Fall Immediately After Hormuz Reopens Authored by Tom Ozimek via The Epoch Times, U.S. Transportation Secretary Sean Duffy said on Sunday that gasoline prices should begin to decline “immediately” once shipping resumes through the Strait of Hormuz, pushing back against analyst warnings that relief for consumers could take months. Duffy, speaking on ABC’s “This Week” program on May 3, acknowledged that prices may take time to return to pre-war levels but said reopening the critical oil transit chokepoint would quickly ease pressure at the pump. “Once the Strait...
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May 1, 2026 / Tyler Durden
Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations Authored by Andrew Korbybko via Substack, Sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors. The Russian International Affairs Council (RIAC) and Gateway House, which are among their country’s top think tanks, published a joint report in late March about moving “Toward More Balanced Russia–India Economic Relations” for the second...
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Mar 18, 2026 / Tyler Durden
Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran
Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP. *  *  * A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th). Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...
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Apr 22, 2026 / Dave DeCamp
US Official Says Trump’s Iran Ceasefire Extension Is Not Open-Ended
A US official has told Axios that President Trump’s extension of the ceasefire with Iran will not be open-ended and suggested it could last just “three to five days,” though that exact timetable was later denied by the White House. The Trump administration is attempting to frame the lack of talks in Pakistan as related […]
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