The Wicked Witch of Eccles Hates Sound Money

US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks Summary: The US and Iran signed a preliminary cease-fire agreement at the G7 summit in France. Energy prices fell as some Saudi supertankers resumed crossing the Strait of Hormuz. The deal includes a $300 billion private reconstruction fund and temporary Iranian oil export waivers. Iranian officials declared themselves the clear winner. The agreement has opened significant new divisions within the Republican Party. Israel described the deal as a major strategic setback. US Vice President Vance will meet Iranian officials in Switzerland on Friday. Energy...

Federal Court Clears Way For Gulf Of America Energy Development Authored by Kimberley Hayek via The Epoch Times, A federal court has quashed a lawsuit objecting to federal supervision of oil and gas operations in the Gulf of America following the government’s steps of exempting those activities from the Endangered Species Act (ESA), citing national security reasons.  The U.S. District Court for the District of Maryland decreed the case moot and said it did not hold jurisdiction to continue. The dismissal comes after the Endangered Species Committee’s unanimous March 31 move to...

China Tries To Assert Dominance Over Canada After Carney Trade Deal Historically speaking, crawling to communists for help has never been a good idea; there's always a catch.  By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions.  That is to say, the Chinese are less interested in economic benefits, and more interested in political submission.  Canadians are about to speed run this lesson after Prime Minister Mark Carney's "new strategic partnership" formed with China...