What Is The UK Government So Afraid Of?

"It's Pretty Tight": Vitol Chief Warns Of Global Fuel Squeeze As Refineries Max Out, Leaving Little Room For More Chaos Geopolitical risks in the Gulf pushed Brent crude futures toward $100 a barrel overnight as Yemen's Iranian-backed Houthi rebels launched new attacks on Saudi cities and economic infrastructure. At 7:45 a.m. ET, the US diesel crack spread remained above $101 a barrel as severe tightness across the world's refined-product markets continued, with a late-summer squeeze threatening to extend into fall and winter (twin crisis for Europe).  Notably, the global industrial economy...

The Lebanon “pilot zones” project finally got underway last week, following substantial delays and multiple rounds of negotiations. The Lebanese Army now says their deployment into those villages, as required by the deal, is being prevented by Israeli violations of the ceasefire. The pilot zones were meant to be symbolic, token pullouts from Israel after […]

IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World Authored by Rex Widerstrom via The Epoch Times (emphasis ours), The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world. Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...