Iran Escalating With Drone Attack On Bahrain, Yet Another Hit On Foreign Vessel In Hormuz Strait

As government lurches from one crisis to another, people demand the government fix the problems it causes. Maybe we need to rethink the “government to the rescue” myth.

"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint. "We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and...

US, Israel Insist Iran Ceasefire Doesn't Apply In Lebanon, Which Suffers Huge Airstrikes Israel has made clear that it doesn't see the newly declared US-Iran ceasefire as applying to its war in Lebanon, where it is still trying to destroy Hezbollah. The White House too has made its stance clear that it doesn't apply, but President Trump has stated his intent to take care of a Lebanon ceasefire separately.  The military has unleashed hell on Beirut, southern Lebanon, and the eastern Bekaa valley overnight and through Wednesday - with Beirut suffering...