Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes

Tehran delivered to Washington via Pakistan in early April, a formalized demand for the withdrawal of US combat forces from military bases across the region. It sat in a package alongside the lifting of all sanctions and UN resolutions, the release of Iranian assets held overseas, reparations, and Iran’s right to nuclear enrichment. Instead of […]

US Officials Suspect Iran Used Chinese Missile To Bring Down F-15E Warplane: Report Via The Cradle US officials believe that a Chinese-made shoulder-fired missile was likely used by Iranian forces to shoot down a US F-15E Strike Eagle over southwestern Iran last month, NBC News reported Saturday.  The incident marks the first time in decades that the US has had to acknowledge that one of its jets was shot down by enemy fire, although three F-15Es were also shot down in Kuwait in March.  Illustrative, via Reuters/stringer Washington insists the Kuwait incident was due to 'friendly fire,' even...

Saudi Arabia's Most Critical Pipeline Restored After Drone Attack A key Saudi oil pipeline to the Red Sea was restored on Sunday and is now pumping at full capacity after an Iranian drone attack last week damaged a pumping station. The East-West pipeline is back at full capacity, moving about 7 million barrels per day and restoring critical energy flows from Saudi's Persian Gulf oil fields to the Red Sea port of Yanbu, bypassing the turmoil in the Strait of Hormuz. Bloomberg quoted the Saudi energy ministry as saying that Saudi...