If This Is Winning, America Can’t Afford Much More of It

The US Treasury Department on Tuesday revoked Iran’s oil sanctions waivers granted under the US-Iran Memorandum of Understanding (MoU), as implementation of the agreement continues to falter. The move comes after at least three tankers were hit by drones in the Strait of Hormuz, and while Iran hasn’t taken credit for the attacks, they came […]

WTI Holds Gains Despite Biggest SPR Drawdown In 45 Year History, Production Jumped Oil prices are higher this morning (extending its 8%-plus surge of the last three days) as Middle East tensions simmer and global stockpiles shrink at a record pace. WTI topped $103 and Brent crude traded near $108 a barrel, erasing its retreat earlier on Wednesday, after the IEA said global observed oil inventories declined at a rate of about 4 million barrels a day in March and April. Saudi Arabia told OPEC that its output sank to the lowest level since...

The Board of Peace said that the UN aid agency for Palestinians (UNRWA) can have no role in the future of Gaza.  “UNRWA has no place in the new Gaza,” the Board of Peace posted to X on Wednesday. “We are turning the page on the complex of perpetual aid dependency & conflict. The people […]