First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened

"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action We’ve covered soaring “chipflation” for months and the trend does not seem to be abating. Nvidia is reportedly informing its largest customers to expect price hikes of at least 15% for next year, possibly to set expectations of a still larger move upward… and meanwhile the semi component in the PPI looks like a 2021 memecoin: All this has earned the attention of FTC Chair Andrew Ferguson, who apparently enjoys building his own personal computers. In...

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...

Donald Trump Jr. Privately Breaks With His Father On Foreign Policy: Report Donald Trump Jr. has privately opposed his father's war with Iran from the very beginning, even personally confronting President Donald Trump with his objections, according to The Atlantic. Donald Trump Jr. and former President Trump. Photo: Douglas P. DeFelice via Getty ImagesThe president's eldest son has repeatedly voiced his opposition to the nearly eight-month conflict behind closed doors, despite carefully avoiding any public criticism of his father. Two anonymous sources who reportedly spoke directly with Trump Jr. said the MAGA...