Oil Spikes As Iran Denies Progress Despite Hasty Lebanon Truce: US Talks Halted For 'At Least A Few Days'

Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch Last week, JPMorgan - which correctly noted that headlines tend to focus on the fact of damage not the scale - was the first itemize the damage from the war in Iran, finding more than 60 energy infrastructure assets in the Gulf have been affected by drone and missile strikes, with roughly 50 sustaining different degrees of damage.  What about the actual dollar value of the inflicted damage? According to Rystad, repair and restoration costs for energy-linked infrastructure as a result of...

While the large number of civilian deaths and the large number of healthcare worker casualties have rightly garnered considerable attention during Israel’s ongoing invasion of Lebanon, the mass displacement of civilians has been relatively under-reported given the sheer scale and the legal implications. Early in the war Israeli officials bragged about displacing hundreds of thousands […]

Amazon Prime Day Household Spending Underwhelms, Survey Finds The massive four-day shopping event for Amazon Prime members kicked off Tuesday and runs through the end of the week, but early survey data suggest the sales event is off to a sluggish start, with average household spending on day one tracking below last year's pace. Bloomberg cited high-frequency data from market research firm Numerator, which surveyed thousands of Prime members and found that the average household had spent about $89 as of 4 p.m. Tuesday, the first day of Prime Day. That...