Iran Runs Into Big Problem: No Buyers For Its Oil, As Full Tankers Pile Up Off China

Off-Ramp In Progress? Israeli Media Signals 'Completion Phase' Of Iran War It's no secret that Washington is looking for an off-ramp amid what has been a steady pattern of escalation with Iran over the past month since Operation Epic Fury began. The White House's anticipated timeline and even list of objectives has seriously shifted since the war's start, as has the scope, given Tehran's 'unexpected' big retaliatory strikes on the Gulf and Israel - including on energy and infrastructure targets. It seems Trump was thinking Iran could be parallel to the...

US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation Authored by Naveen Athrappully via The Epoch Times, The Internal Revenue Service (IRS) and the Department of the Treasury issued a notice on Friday, announcing their plan to issue proposed regulation concerning taxation on high compensation paid by tax-exempt organizations to employees. The notice relates to excessive compensation and excess parachute payments, the IRS said in a June 5 statement. Parachute payments are made to key employees when they are terminated or when the business undergoes a merger or acquisition. An excess...

Supreme Court Directs Lower Courts To Reexamine Decisions In Voting Rights Act Cases Authored by Matthew Vadum via The Epoch Times, The U.S. Supreme Court on May 18 ordered lower courts to reconsider rulings in two redistricting cases that concern whether private individuals may sue to enforce a federal law that bans discriminatory voting practices. The court directed the lower courts to take another look at the cases from Mississippi and North Dakota in light of its recent landmark ruling limiting the use of race in redistricting efforts. Justice Ketanji Brown Jackson dissented...