CNN: Downed US Pilot Reported Seeing Iranian Drones Swarm in ‘Jellyfish’ Formation

“Should we just have done nothing?!” The former question is a common incensed objection whenever someone dares to question the wisdom, appropriateness, or success of the War on Terror. Part of this is because many hold to an unrealistic and idealized “War on Terror”—which was just and, despite mistakes, imperfectly accomplished most or all its […]

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...