Hobbes’s State: “Why Are You Hitting Yourself?”

The State Department said in a statement last week that the US is in conflict with Iran “at the request” of Israel, an acknowledgment of Israel’s role in steering the US into the war, which the US has dubbed “Operation Epic Fury.” The statement was issued by the State Department’s legal adviser, Reed D. Rubinstein, […]

Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...