The Gulf Separating the US and Iran is Too Wide to Bridge

Germany Accelerates Kamikaze Drone Stockpiling With Rheinmetall Deal Germany's parliament has approved a sizeable contract for defense giant Rheinmetall to supply loitering munitions, or kamikaze drones, to the Bundeswehr, underscoring just how quickly European militaries are internalizing drone warfare lessons from both the Russia-Ukraine war and, more recently, the U.S.-Iran conflict. Berlin's latest procurement push makes it clear that one-way attack drones are becoming a serious threat, and the race to stockpile them has begun. Bloomberg reports that the budget committee of the Bundestag approved the Defense Ministry's proposal for an...

Federal Appeals Court Allows Texas To Enforce State Immigration Law Authored by Matthew Vadum via The Epoch Times, A divided federal appeals court on April 24 allowed Texas to enforce a state law that permits the arrest and prosecution of individuals thought to have unlawfully crossed the U.S.-Mexico border. The U.S. Court of Appeals for the Fifth Circuit voted 10–7 to undo a 2024 injunction that had prevented enforcement of the law known as Senate Bill 4. Initially, the former Biden administration had challenged the statute, but the second Trump administration dropped...

Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100 Futures and bonds jump and oil fell, sending Brent briefly below $100 a barrel, as the de-escalation/technical/macro led relief rally continues on hopes of the Middle East conflict reaching an end soon  after Donald Trump said he expects the war in Iran to end in two to three weeks, and indicated that it was possible that Iran could still reach a deal with the US during that timeframe. Trump has a national address tonight at 9pm ET to...