Modi Urges Indians To Conserve Fuel As Oil Shock Spreads

US Treasury Sanctions 14 Targets For Helping Iran Obtain Weapons Authored by Joseph Lord via The Epoch Times, The U.S. Treasury Department on April 21 announced that it is imposing sanctions on 14 targets “for their involvement in helping the Iranian regime obtain weapons,” in contravention of international sanctions. “As the regime attempts to reconstitute its production capacity, the United States will continue to deplete Iran’s ballistic missile inventories,” the Treasury wrote in a post on X. According to a press release from the Treasury, the targets include 14 “individuals, entities, and aircraft”...

Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows. In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast.  According to the...

Fragile Iran 'Pause' Shattered As US Base In Jordan Comes Under Attack, Oil Soars Summary Oil soars on reports of Iran targeting US Jordan base; Iraqi militants attack KSA for 2nd day. Hormuz indirect talks continue amid reports of a possible resurrected MoU deal. Shipping remains stalled with virtually no tanker traffic through Hormuz. Iran insists Hormuz stays closed unless its terms are accepted. Houthis escalate attacks, prompting more ships to avoid the Red Sea. *  *  * Fresh Unilateral Strikes on Jordan Base; Iraqi Militants Again Target KSA  Iranian state media in the overnight hours (local) are reporting...