Yemeni Forces Attack Two Saudi Oil Tankers in Red Sea

Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge In a rare outbreak of sanity from the continent that perfected kicking the can, officials on NATO’s eastern front are openly admitting what Brussels and Frankfurt have spent years denying: you can’t fund a permanent war footing with infinite borrowing and hope the bond market never notices. Estonia’s outgoing ECB rate hawk Madis Muller dropped the red pill in parliament Thursday, bluntly telling lawmakers that jacking up budget deficits to pay for the defense surge is no long-term solution. “These...

Mystery Shrouds Destruction of US Spy Satellite A mysterious breakup of a decades-old American spy satellite has sent debris hurtling through low-Earth orbit, with the U.S. Space Force now tracking the fragments for potential threats to other spacecraft, according to Space-Track. The satellite, known as USA 32, came apart on September 13 at approximately 5:13 p.m. ET, according to U.S. Space Forces-Space. Officials have not publicly determined what caused the nearly 40-year-old spacecraft to suddenly fragment. "All tracked debris are being incorporated into routine conjunction assessment screenings to support spaceflight safety," U.S....

Russia's Oil Revenue Sinks As Urals Falls To $59 Submitted by Julianne Geiger of OilPrice.com Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly total since February. Russia’s tax authority calculated August oil revenues using a crude price of just over $59 per barrel. Urals, Russia’s main export grade, averaged almost $95 per barrel during the spring after the Iran war pushed buyers toward barrels outside the Persian Gulf. Total Russian oil and gas revenue fell 16%...