The Great Disconnect: When Wealth and Productive Ability Diverge

Wholesale Gas Prices Are Reaching Consumers Faster, ECB Says By Michael Kern of OilPrice.com The surge in wholesale natural gas prices is set to pass through the retail and electricity inflation in the Eurozone faster than in the past, the European Central Bank (ECB) said in its Economic Bulletin on Monday. While the pass-through is faster and can manifest in the inflation numbers within one to three months for most Eurozone members, the pressure on electricity prices has been lower so far in 2026 compared to 2022, partly due to the higher...

Obama Says Iran Is "In A Stronger Strategic Position Now Than Before The War Started" With midterms right around the corner, Democrats are capitalizing on Trump's unpopular war in Iran. At a Saturday campaign rally in Michigan, former President Obama said Iran "now has veto power over the Strait of Hormuz," the route oil takes to reach the rest of the world. "So they're in a stronger strategic position now than before the war started," he said. NOW - Obama says that Iran is "in a stronger strategic position now than before...

Pakistan and Turkey will deploy forces to Saudi Arabia under their new trilateral defense pact as the war in Yemen continues to escalate several months after it was reignited by Saudi airstrikes on the Sanaa International Airport. The Mecca defense pact between Turkey, Pakistan, and Saudi Arabia was signed back in August, and as Ansar […]