Iran Blasts US 'Fabricated Pretext' To Hit Pickaxe Mountain, Launches More Attacks On Bahrain, Saudi Arabia, Jordan

The US War Department said on Tuesday that US forces boarded an Iranian-linked tanker in the Indian Ocean as the US continues to enforce a blockade against Iran, despite it being a major obstacle to peace talks. The Pentagon said that the tanker, the Tifani, was carrying Iranian oil and was previously sanctioned by the […]

Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...

Washington's Renewed Russian Oil Sanctions Waiver Will Help Their Shared Indian Partner Authored by Andrew Korybko, Both benefit from this since the US wants to avoid India sliding into turmoil amidst the global energy crisis and possibly offsetting its envisaged role as a counterweight of sorts to China while more energy revenue from India preemptively averts Russia’s potentially disproportionate dependence on China. The Treasury Department renewed the US’ Russian oil sanctions waiver on Friday two days after Secretary Scott Bessent said that this wouldn’t happen. It remains unclear what exactly accounts for this flip-flop, but...