Murray Rothbard on War and "Isolationism"

Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption Alcoa shares in New York were hammered the most in over a year on Wednesday after CFO Molly Beerman warned investors that the company's alumina segment faces heavy losses from the energy shock and ongoing disruption at the Hormuz maritime chokepoint. Beerman was blunt with investors while giving a presentation at the Wells Fargo Industrials & Materials Conference. She said, "Our alumina segment is very pressured right now," adding, "The segment as a whole will be...

A senior US official said that the latest offer received from Iran was unacceptable, and President Donald Trump was considering breaking the ceasefire with Iran.  According to a senior official and a second source speaking with Axios, the White House views the Iranian proposal presented to the US on Sunday as insufficient. Trump is expected […]

Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal The U.S.-Iran interim peace deal has been signed, and the normalization of the Strait of Hormuz is now beginning. Tanker traffic through the critical waterway is slowly resuming, though a full return to pre-war or near-pre-war energy flows could take months. But behind the urgency to get the memorandum of understanding deal across the finish line were two uncomfortable realities. First, President Trump recently met with oil and gas executives, who likely informed the administration that...