Israel Killed 119 Palestinians in Gaza in May, the Highest Monthly Death Toll of the Year

Trump Hails Mecca Defense Pact As 'Big, Bold, Important First Step' Since the signing of a defense pact earlier this month by Saudi Arabia, Turkey, and Pakistan - which is being touted as having NATO level protections akin to an Article 5 style 'attack on one is an attack on all' - there's been much speculation on whether Washington would embrace or reject it. After all, it seems to put greater distance between Saudi Arabia and Israel, and thus lessens the potential for Riyadh ever agreeing to join the US-backed Abraham...

The Great Diesel Crisis - How Policy Choices Made The West Vulnerable Authored by Daniel Lacalle, How taxes, regulation, refinery closures, sanctions and declining domestic production turned a geopolitical shock into a diesel-price crisis Do not blame diesel prices on the Iran war or the disruption of the Strait of Hormuz. The geopolitical risk premium attached to oil prices is relevant, but the market was already weakened by policy choices. Europe has taxed motor fuels heavily, imposed escalating regulatory and carbon costs across the supply chain, closed refining capacity, sanctioned major sources of...

Tyson Sinks, Walmart Falls After Trump Moves To Temporarily Lower Beef Import Tariffs Tyson Foods and Walmart shares moved lower around noon in New York, while major Brazilian meatpacker Minerva Foods moved higher on a Wall Street Journal report that says the White House will temporarily cut beef import tariffs According to the WSJ report, the plan would suspend the annual tariff-rate quota, which imposes higher duties once import limits are reached, allowing more foreign beef to flood the U.S. at lower tariff rates to suppress soaring prices. The move comes as the...