Trump Says US Military Operation To ‘Guide’ Ships Out of the Strait of Hormuz Is Paused

President Donald Trump said he backed away from a plan to escalate military operations against Iran to allow for negotiations. Throughout the war, Trump has made threats to strike civilian targets in Iran before backing down.  “The U.S.A. is locked and loaded and ready to go against the Islamic Republic of Iran, at levels of […]

A thirteen-year-old girl died in Gaza on Monday due to wounds sustained in an earlier Israeli attack as the IDF continues launching strikes and firing on Palestinians across the Strip despite President Trump and the so-called “Board of Peace” announcing that Hamas agreed to a disarmament deal. A medical source told the Anadolu Agency that […]

WTI Tops $101 As Strategic Petroleum Reserve Nears Record Low Following Brent's lead (which is following Shanghai's demand push), WTI topped $100 this morning for the first time since May, fueled by festering Middle East hostilities (with Saudi-Houthi attacks stealing the headlines) and the Saudis latest statement showing crude output at a 36-year low. That suggests the market is transitioning to a regime where $100 Brent is the new floor. "The economic dimension is crucial," said Andreas Krieg, a Gulf expert from King's College London. "Saudi Arabia is already contending with disruptions near...