US Begins Bombing Iran for the Second Night

US officials said that the US successfully helped 40 vessels through the Strait of Hormuz on a single day. An international shipping tracking agency did not record a single vessel exiting the waterway. Axios’ Barak Ravid reported speaking with three US officials who said that dozens of tankers carrying 16 million barrels of oil safely exited the […]

Military Contractor's Spy Aircraft Quietly Flying Southern Border On Mysterious Mission The Pentagon says it does not discuss contractor support to particular missions. The gear aboard mimics cell towers. Private military contractor Metrea has spent months quietly operating two surveillance-equipped aircraft along the U.S.-Mexico border, according to the Arizona Mirror. Via the Arizona Mirror The planes have traversed Arizona, New Mexico and Texas, circling at high altitude over border cities including Bisbee and Douglas in Arizona, and Laredo and El Paso in Texas. Metrea holds multiple contracts with the U.S. military, including a $5.7...

Coal Nears Breakout As Gulf Energy Shock Drives Utilities Back To Dirty Fuel Ahead Of Winter Newcastle thermal coal futures are approaching the $150-a-ton breakout level as the global energy shock, most acute in industrial fuels, encourages utilities to shift toward coal ahead of the Northern Hemisphere winter while electrification trends and all things AI expand electricity demand.  UBS metals and mining analyst Myles Allsop wrote in a note this week that thermal coal prices face a number of factors colliding at once that could push prices higher over the next few months:  We...