The Medieval Constitution of Liberty

Futures Rebound From Overnight Selling To Trade At Session Highs Amid Constant Iran Newsflow Stock futures have reversed overnight losses and traded at session high, just above the flatline, despite diesel topping $5 a gallon - the highest since 2022 - with Iran expanding attacks on energy infrastructure around the Middle East and Israel targeting military / security leadership, reportedly killing Iran security chief Ali Larijani and the commander of Iran’s paramilitary Basij unit. As of 8:15am ET, S&P futures were up 0.1%, while Nasdaq futures were still red, with most big...

Sources told the Jerusalem Post that President Donald Trump is nearing a decision to expand the war against Iran.  “It appears President Trump is preparing to expand the campaign against Iran,” one official said. “The remaining questions are ‘how much’ and ‘when.’ He understands that, barring an unexpected development, the chances of a diplomatic solution […]

ADNOC Reports 15 Vessel Attacks As Hormuz Risks Mount Submitted by Julianne Geiger of OilPrice.com Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as the company tries to keep crude, gas and refined products moving through the Strait of Hormuz. Fifteen ADNOC vessels have been hit by missiles or drones since the war began, including three this week, the company said Friday. One crew member has been killed and 20 others injured. The Strait of Hormuz carried roughly one-fifth of global oil...