Israeli Finance Minister Smotrich Says Son Asked Him to Leave Some of Lebanon for Him to Destroy

World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines Long after the Iran war is just a bookmark in the history books, one distinct consequence will persist: much of the world, at least the part that does not fall under the Chinese sphere of influence, will do everything it can to avoid the Strait of Hormuz and failing that, have a Plan B. Just like when the Biden admin weaponized the US Dollar in 2022 by booting Russia from...

Coffee Shorts Get Roasted As Arabica Stages Biggest Jump Since Dot-Com Arabica coffee futures jumped the most since the Dot Com era as worsening weather in Brazil and shrinking exchange-managed warehouses intensified concerns about near-term supply. This comes as El Niño threats rise across critical agricultural belts worldwide. New York prices jumped as much as 18.5% on Monday to $3.57 a pound, the highest since January. This was the largest single-session gain since July 18, 2000. Context on the squeeze: Traders had been expecting a large Brazilian crop, but rains have slowed...

UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels Confirming reports from earlier this week, the latest estimates from the International Energy Agency signaled that the United Arab Emirates (UAE), which unexpectedly quit OPEC earlier this year in a shock move that threatened the cohesion of OPEC, produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June after the country left OPEC effective May 1, started raising output, and...