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Intercepted Iranian Missile Damages U.S. Reaper Drones, Injures Five At Kuwaiti Air Base
Intercepted Iranian Missile Damages U.S. Reaper Drones, Injures Five At Kuwaiti Air Base
An Iranian Fateh-110 short-range ballistic missile targeted Kuwait's Ali Al Salem Air Base, a key operational hub for the U.S. Air Force's expeditionary forces in the Gulf region.
An initial report from Bloomberg News indicates that Kuwaiti air defenses intercepted the tactical ballistic missile in the last 24 hours, but falling debris struck part of the base, injuring five Americans and damaging one MQ-9 Reaper drone while severely damaging another.
About five people, including both contractors and active...
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May 12, 2026 / Tyler Durden
Kevin Warsh Cleared By Senate For 14‑Year Fed Board Seat
Kevin Warsh Cleared By Senate For 14‑Year Fed Board Seat
Authored by Andrew Moran via The Epoch Times,
Kevin Warsh will be returning to the Federal Reserve Board of Governors.
The U.S. Senate voted 51–45 to approve Warsh’s nomination to a 14-year term on the central bank’s board on May 12, joining six other members. Four senators did not file a vote.
Sen. John Fetterman (D-Pa.) crossed party lines to support President Donald Trump’s nominee.
Warsh’s tenure as Fed governor will run until 2040.
He previously served on the board from 2006 to 2011, when...
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May 14, 2026 / Tyler Durden
Europe's Dependence On US LNG Set To Surge
Europe's Dependence On US LNG Set To Surge
By Irina Slav of OilPrice.com
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Financial Analysis has warned.
In a report cited by Reuters, IEEFA noted that the European Union already imports significant volumes of U.S. liquefied gas, creating a potentially risky dependence on a single supplier.
LNG imports from the United States into the EU accounted for 58% of overall LNG...
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May 30, 2026 / Tyler Durden
Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
Authored by Michael Snyder via The Economic Collapse blog,
No matter what happens now, the world is facing a very painful energy crisis. Let’s be as wildly optimistic as we possibly can and assume that Iran agrees to allow free passage through the Strait of Hormuz with absolutely no tolls or restrictions starting tomorrow. Before normal traffic through the Strait could resume, Iran would first have to remove all of the mines that they have laid in...
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