Are There Really Iran-US Peace Talks?

French Security Services On High Alert For Morocco-France World Cup Semi-Final: 'Get Ready For Riots & Violence' France is warning football fans to behave and conduct themselves responsibly ahead of a major Thursday World Cup quarter-final match which pits France against African champions Morocco. Security services are on high alert, the government has said. The match kicks off at 4:00 PM ET. "I appeal to everyone’s sense of responsibility. It has to remain a celebration," Sports Minister Marina Ferrari told the France Info broadcaster, after in previous years various high profile matches...

Russia Answers Drone Attacks With War On Ukrainian Ports, Maritime Shipping The Russian Defense Ministry (MoD) has an 'answer' to Ukraine's recent long-range drone attacks, which have wreaked havoc on oil production and most recently online retailers and manufacturing. Ukraine has also been attacking Russian ships elsewhere in the Black Sea as well as Sea of Azov. The MoD has announced a fresh wave of strikes targeting multiple Ukrainian port installations and Black Sea shipping targets, which represents a sharp escalation in Moscow's ongoing campaign to choke off regional logistics, and...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...