US Launches Airstrike in Venezuela, Claims Tren de Aragua Leader Killed

Israeli media reported on Thursday that Israel is preparing for the possibility of returning to war with Iran as President Trump is considering restarting the bombing campaign. The Times of Israel reported that, according to Israel’s Channel 12, Israeli officials believe that negotiations between the US and Iran, which have been stalled due to the […]

Why Hasn't Oil Hit $150 (Yet)? Authored by Robert Rapier via OilPrice.com, Global oil inventories and floating storage have acted as temporary shock absorbers against the Hormuz disruption. OPEC spare capacity has stabilized markets, but it cannot fully replace lost Persian Gulf exports indefinitely. Prolonged disruption could eventually exhaust market buffers and trigger a much sharper oil price surge. I think most energy analysts would have been shocked to learn that roughly three months into a total closure of the Strait of Hormuz, oil would be trading at just over $100 a barrel. I...

Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...