Britain's White 'George Floyd' Moment?

Britain's Borrowing Outlook Darkens As Energy Shock Deepens Via City AM, The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy. Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran...

US SPR Falls Below 300 Million Operational Limit As Oil Drain Unexpectedly Surges To 6.1MM Barrels, Most In 2 Months As negotiations between the US and Iran to reopen the Strait of Hormuz go nowhere, oil prices continue to slide lower on some naive hope that a resolution to the conflict will magically emerge. Meanwhile, both commercial and strategic stocks continue to be drained at a historic pace, and one day virtually every tank bottom will be hit, sparking a historic surge in commodity prices as the market realizes that...

Multiple new Israeli raids were reported over the weekend, including raids on villages in Quneitra and another incident on Friday in which Israeli forces opened fire on the western Daraa village of Maariyah. In Quneitra Governorate, troops raided Jbata al-Khashab, backed by six military vehicles, searching a home before withdrawing. Later Saturday, troops raided al-Rafid, […]