US Bombs Somalia for 69th Time This Year

US Crude Stockpile Hits Highest Since June 2024, Exports Surge Oil prices are ripping higher this morning (rebounding aggressively of overnight lows) after US and Israel attacked upstream Iranian energy assets for the first time since the war (While the US struck oil export hub Kharg Island late last week, it limited that attack to military targets began). Iran’s IRGC responded by publishing a list of Gulf energy sites in Saudi Arabia, the United Arab Emirates and Qatar that “have become direct and legitimate targets” following the attack on South Pars, the...

The highways around Lebanon’s capital city of Beirut are heavily crowded today after Israeli Prime Minister Benjamin Netanyahu ordered major attacks against Beirut’s southern suburb, Dahiyeh. Israeli Defense Minister Israel Katz cited the continued Hezbollah resistance in southern Lebanon as the reason Beirut would be attacked, saying if there is no calm in northern Israel, there will be no calm in […]

Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.