Abandoned Navy Base Costs Taxpayers $340,000 A Year For Internet Nobody Uses

Iran’s Foreign Ministry said on Monday that the US was making “unreasonable demands” that are being shaped by Israel, comments that come after President Trump rejected Tehran’s latest proposal to end the war. “We did not demand any concessions. Our demand is legitimate: demanding an end to the war, lifting the blockade and piracy, and […]

"Really Only One Thing Worries Us A Lot": Here's What Keeps Goldman's Commodities Guru Up At Night Samantha Dart, co-head of global commodities research at Goldman, joined Bloomberg TV on Monday morning and warned that diesel sits at the epicenter of a worsening global fuel supply squeeze, as Ukrainian drone and missile strikes disrupt Russian refining and the US-Iran war disrupts tanker flows through the Strait of Hormuz. Dart joined Haslinda Amin on Insight with Haslinda Amin to discuss growing risks in diesel markets. She warned, "The situation in Russia is really...

Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and the US and Iran to reach a deal in the coming months. "Fundamentals are rapidly reasserting themselves as Hormuz disruptions fade, with Brent back to the low $70s/bbl. While the US-Iran process remains fragile and disputes over Hormuz administration and...