Let’s Leave the Strait of Hormuz Alone

Trump Says 'Iran Asked For Ceasefire', Threatens Blasting Them "Back To The Stone Ages" If Strait Unopened Summary UAE mulls becoming first Gulf country to directly joint US-Israeli war against Iran, lobbies for firm UNSC security resolution. Trump to Reuters: will be "out of Iran pretty quickly" and could return for "spot hits" if needed. Also says he's open to exiting 'paper tiger' NATO after Iran war is over, angry over lack of help in Hormuz crisis. Oil tanker leased to QatarEnergy was struck by an Iranian cruise missile in Qatari waters Wednesday. IRGC has...

Ukraine's Former Energy Minister Charged With Money Laundering As 'Operation Midas' Expands Months after Ukraine was shaken by a sweeping corruption probe into state nuclear giant Energoatom, and subject of international embarrassment given it even touched Zelensky's office, former Energy Minister Herman Halushchenko has now been formally charged - after authorities detained him while he was allegedly attempting to leave the country. Halushchenko had been suspended by Zelensky in mid-November, when news of the scandal first hit global headlines. On Monday, Ukraine’s National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s...

U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock Hard red winter wheat climbed to a two-year high by the end of the week, as our coverage of the drought shock now hitting America's Breadbasket raises serious alarm bells on commodity desks. The concern is not just reduced crop yields and quality. It is colliding with fertilizer shortages and elevated diesel prices, creating a broader inflationary transmission channel that could work its way through the food supply and translate into higher supermarket prices down the road. Hard...