The Myth Of Price Controls

California Representative Ro Khanna says he was stopped by Israeli settlers armed with American rifles in the West Bank. The Congressman explained that when the IDF arrived, they sided with the settlers and continued his detention. “Israeli settlers, brandishing American made M4s, detained me & other Americans on my trip to Palestine,” Rep Khanna wrote […]

Oil Price Shock Drives 140% Surge In China's EV Exports To Record High By Michael Kern of OilPrice.com, Chinese electric vehicle exports soared by 140% to a record high in March as the fuel price shock drove consumers back to EVs. BYD electric vehicles bound for export in China.Source: AFP/Getty Images China exported as many as 349,000 electric vehicles last month, a record high number of any month ever, according to data from the China Passenger Car Association cited by Bloomberg. Drivers in Asia Pacific, Europe, and the United States started searching for EVs...

Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns The ceasefire deal in the six-week US-Iran conflict remained in doubt by late week, as Israel intensified its bombardment of Beirut, Tehran kept the Hormuz chokepoint closed, and negotiators prepared to meet on Friday even as both sides declared victory. Reports of attacks on one of Saudi Arabia's Red Sea ports, alongside the continued closure of Hormuz, did little to reassure traders in the overnight session. Risk sentiment remained fragile on Thursday morning, with equities across Asia and Europe...