Bessent Examining Use Of Frozen Iranian Assets To Help Gulf Countries Rebuild

President Trump has backed off on his threat to bomb Iran’s power plants if the Strait of Hormuz wasn’t “fully opened” by Monday night and claimed that Washington and Tehran had held talks over the past two days, which has been denied by Iranian officials. “I AM PLEASED TO REPORT THAT THE UNITED STATES OF […]

Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall Submitted by Thomas Kolbe A robust market economy unfolds its maximum absorption capacity precisely during external shocks. In such cases, policymakers would essentially only need to sit still, as the storm clouds usually pass on their own—true to the principle that high prices are the cure for high prices. This, of course, only applies to energy markets if governments have not already removed themselves from the equation through grotesque political interventions long before the crisis. For European...

'Coordinated Cyberattack' Hits More Than 30 Minnesota Water Systems Authored by Owen Evans via The Epoch Times, A “coordinated cyberattack” targeted more than 30 community water systems ‌in Minnesota on July 26 and July 27, the state’s information technology agency said in a statement. Minnesota IT Services (MNIT) stated on July 28 that it activated its incident response capabilities immediately after learning of the attack. MNIT stated that an investigation remains active, and responders continue to “assess affected systems.” “At this time, they are not aware of any active requests from Minnesota cities...