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Futures, Bonds Tumble, Oil Surges After Middle East Attacks Resume Summary Equity Futures Tumble, Oil Surges On Fresh Middle East Strikes  US forces carried out airstrikes on an Iranian military site and imposed new sanctions to prevent Tehran from profiting from vessels transiting the Strait of Hormuz. In response, Iran targeted the American airbase from which the attack originated, according to a Tasnim report, which cited the Islamic Revolutionary Guard Corps. Kuwait also said it’s responding to hostile missile and drone threats New US strikes in Iran reported, after Iranian drone intercepts in Hormuz area. Trump red line (PBS):...

Germany's Energy Crisis And The National-Conservative Turn Submitted by Thomas Kolbe If the Union had been waiting for a favorable moment to save face and quietly escape the energy-policy fiasco, that moment has probably arrived. On Thursday, the European Parliament formed a broad coalition of the Union-backed EPP faction with the national conservatives. The goal: initiate a migration turnaround, prevent citizen chat controls, and soften the grotesque Supply Chain Act. Among the national-conservative parties in the EU Parliament is also the AfD faction, showing that the firewall against this party is a...

President Trump told the Financial Times on Sunday that he wants to “take” Iran’s oil in an operation that could involve the US seizing and occupying Kharg Island, a major Iranian oil export hub deep inside the Persian Gulf. The US president said that his “preference would be to take the oil” and compared the […]