Permanent Switch To Daylight Saving Time Easily Passes US House

Gulf Oil Is Available Again, But Asian Refiners Balk At Soaring Tanker Rates Iran and the US have a peace deal? check (for 60 days, allegedly).  Strait of Hormuz open? check (for 60 days, allegedly). Ships transiting freely? check (not really) Massive build up of Gulf oil desperate to reach Asian refiners? check. All great news, which means that oil should now flow freely and in huge amounts, right? Wrong: two of Asia's largest refiners, PetroChina and Indian Oil, failed to secure very large crude carriers to lift Iraqi Basrah crude in late June, Reuters reported, while...

Defiant Zelenskyy Resumes Russian Refinery Drone Strikes A defiant President Volodymyr Zelenskyy told the Financial Times on Thursday morning that Ukrainian forces will resume attacks on Russian refineries. The move certainly seems more political than anything else. Such attacks have been described as one of the drivers behind the global refining crisis, which has collided with Strait of Hormuz disruptions. "The block [on attacking refineries] is out. We're done," Zelenskyy told the FT. He said Kiev had suspended energy strikes for three days at the Trump administration's request. Even before that, the...

The IDF continued its constant violations of the US-backed Gaza ceasefire on Monday by launching attacks across the Strip as an Israeli-backed militia also clashed with Hamas-aligned fighters on the ground. Gaza’s Health Ministry said in its daily update on Monday that Israeli attacks killed at least two Palestinians and injured 22 over the previous […]