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WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs
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...
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Jun 10, 2026 / Tyler Durden
As Spy Law Nears Expiration, Lawmakers Mull Short-Term Renewal
As Spy Law Nears Expiration, Lawmakers Mull Short-Term Renewal
Authored by Nathan Worcester via The Epoch Times,
President Donald Trump’s pick for a key intelligence post has left Democrats and Republicans at odds over a spy law set to lapse on June 12.
As the clock ticks down, lawmakers are contemplating Trump’s latest proposal: another short-term extension of the authority while the president searches for a permanent nominee other than his chosen acting director of national intelligence, Bill Pulte.
Section 702 of the Foreign Intelligence Surveillance Act (FISA) allows the government to spy...
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Apr 22, 2026 / Tyler Durden
Deutsche Telekom, T-Mobile Weigh Potential Mega-Merger
Deutsche Telekom, T-Mobile Weigh Potential Mega-Merger
A new Bloomberg report states that Deutsche Telekom AG is exploring a mega merger with its U.S. subsidiary, T-Mobile US, in a move that would create a telecom giant valued at roughly $400 billion. If completed, the deal would rank as the largest public M&A transaction ever.
Deutsche Telekom shares fell 4% in Germany on Wednesday morning after Bloomberg reported overnight that the company is in the early stages of considering a combination with T-Mobile US, in which it already holds a 53% stake.
Here's...
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Apr 16, 2026 / Dave DeCamp
US Statement on Lebanon Ceasefire Leaves Major Loophole That Israel May Exploit To Continue Attacks
A statement from the US State Department on the Israel-Lebanon ceasefire that went into effect at 5 pm EST on Thursday includes language that Israel will likely exploit to continue attacks on the country. The statement says that “shall preserve its right to take all necessary measures in self-defense, at any time, against planned, imminent, […]
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