Oil Jumps, Futures Drop On Fresh Iran Strikes, Hormuz Confusion

US Pauses Iran Bombing Campaign As Saudi-Houthi Red Sea Front Erupts Brent crude surged 27% over two weeks to settle at $96.78 a barrel on Friday, briefly breaching $100 this past week as traders priced in a higher war-risk premium into energy markets amid simultaneous chokepoint threats to the Strait of Hormuz and the southern Red Sea. Meanwhile, the US appeared to pause its 13-day campaign of daily overnight strikes against Iran. While there was no indication that the operational halt would extend into next week, the pause certainly reinforces...

Amid a US blockade on Iranian ports and a very fragile ceasefire with Iran, President Trump has been consulting with some of the most rabid Iran hawks who want him to restart the bombing campaign, according to a report from Axios. The report said Trump has been speaking with the notoriously hawkish Sen. Lindsey Graham […]

ICE Arrests More Than 120 Illegal Immigrants At Memphis Nightclub Authored by Kimberly Hayek via The Epoch Times, Federal immigration officers arrested 121 illegal immigrants on Aug. 30 at a Memphis nightclub during a targeted multiagency enforcement action, the Department of Homeland Security (DHS) said. New Orleans field office for U.S. Immigration and Customs Enforcement (ICE) led Operation Corral Light at the El Corralon nightclub, in which officers executed federal and state warrants, DHS said in a statement on Sept. 1. The DHS said that those taken into custody included people with criminal...