Hormuz Fears Ease As Trump, Ghalibaf Virtually Sign US-Iran Deal, But Energy Flows Remain Months From Normal

Starmer's Gone, But UK's Right May Have Little To Cheer About Authored by Remix News via Modernity News, The deeply unpopular British Prime Minister, Keir Starmer, announced his resignation on Monday morning, but despite his upcoming departure, the right may have little to cheer about. During a speech outside Downing Street, Starmer announced he was stepping down after holding office since July 7, 2024. In that election, his Labour Party won 412 seats, securing a comfortable majority and decimating the Tories, who had governed Britain since 2010. Starmer revealed on the morning of...

US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3 With 'hard data' trending weaker, today's preliminary July PMIs offer the first glimpse at whether the reignition of the Iran War is weighing on 'soft' survey sentiment in the US economy. The data was mixed (as always) with Manufacturing disappointing while Services accelerated more than expected: Flash US Manufacturing PMI: 53.8 (June: 53.9). 4-month low. Flash US Services PMI Business Activity Index: 53.6 (June: 51.2). 8-month high. “US businesses reported a good start to the third quarter," said Chris Williamson, Chief Business Economist at...

Victor Hanson: What Is It With The Fickle Europeans? Via The Daily Signal, This is a lightly edited transcript of a segment of “Victor Davis Hanson: In His Own Words” podcast from Daily Signal. What is it with the fickle Europeans? I know that they have different interests than ours, but we’re both Western entities. You’d think that we’d be more collaborative on the effort to disarm and denuclearize Iran. But a lot of strange things are happening. The traditional use of the Diego Garcia critical airbase in the Indian Ocean, run by the British,...