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Congress Quietly Moves To Intertwine US, Israeli Militaries On Formal Level
Congress Quietly Moves To Intertwine US, Israeli Militaries On Formal Level
There are some stealth moves afoot by the Trump administration and Congress, which are poised to formalize the long-standing close US-Israel relationship, on the level of a formal defense pact.
A sweeping new legislative proposal in Congress is moving to more deeply intertwine and combine the two countries' military arsenals. The House of Representatives' version of the 2027 National Defense Authorization Act (NDAA) released this past week contains Section 224, devoted to military integration with the name "United States-Israel Defense...
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Mar 25, 2026 / Tyler Durden
WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019
WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019
Oil prices remain lower this morning, following the US proposal for a ceasefire with Iran, but off the lows following Iran's rejection.
“From the Iranian perspective, Trump’s actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management.
Futures had already pared losses as Tehran fired a new wave of missiles at Israel, and signaled little willingness to compromise. Iran’s...
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Apr 30, 2026 / Tyler Durden
Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales
Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales
Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business.
CAT is one of the world's biggest makers of machines used to build, mine, dig, haul, and power industrial sites. But what has investors focused on in recent quarters is its energy and power unit, which...
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Jun 6, 2026 / Tyler Durden
UK Conservatives Blast Labour North Sea Ban As 'Utter Madness'
UK Conservatives Blast Labour North Sea Ban As 'Utter Madness'
Authored by Tsvetana Paraskova via OilPrice.com,
The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s reliance on imports, Kemi Badenoch, the leader of the opposition Conservative Party, has said.
The ruling Labour government of Sir Keir Starmer has recently moved to permanently ban new oil and gas licenses in the UK section of the North Sea, drawing criticism from the...
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