Iran Poised To Finalize Hormuz Strait Management Plan, Brushing Aside Trump's Threats

The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking Authored by Kurt Cobb via Resource Insights, Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production. Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries. Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession. A priest, an engineer, and an economist are...

The US and Saudi Arabia signed a nuclear agreement on Wednesday under which Washington will help Riyadh establish a nuclear program that could lead to uranium enrichment on Saudi soil. The Energy Department said that US Energy Secretary Chris Wright and his Saudi counterpart, Abdulaziz bin Salman Al Saud, signed a deal known as a […]

New Orders Drop But US Manufacturing Surveys Still Signal 'Solid' Growth In August Despite sustained relative weakness in US 'hard data', US manufacturing operating conditions improved solidly again in August, according to the latest PMI data from S&P Global, but it's not all rainbows and unicorns... August S&P Global US Manufacturing PMI beat, flat at 53.9 from July's print, but up from the flash print of 53.2 and better than the 53.4 expected. August ISM US Manufacturing PMI miss, down from 55.6 to 54.6 (below 55.2 expectations). Still, despite the miss, ISM still...