Oil Soars As Trump Warns Iran Will Pay For Future Houthi Shipping Attacks, Rubio Rules Out Deal

Somali Piracy Was Under Control, Then Came The Iran War... Authored by Khaled Mahmoud via Responsible Statecraft, From the start, the U.S.-Israeli war on Iran has been a story of unintended consequences. Contrary to President Donald Trump's hopes for a quick victory, the conflict has morphed into a sustained crisis, one that has driven up oil prices, driven down tourism in the Middle East, and reshaped the region's geopolitical map. Somali pirates on captured MV Faina off the coast of Somalia in 2008. (U.S. Navy photo by Mass communication Specialist 2nd Class...

A Ukrainian drone attack on Russia’s Belgorod Oblast killed at least six people, according to local Russian authorities, as Ukraine continues to launch massive drone swarms into Russian territory on a daily basis. According to Reuters, Alexander Shuvayev, the acting governor of Belgorod, said that the Ukrainian drone attacks sparked fires at two apartment buildings […]

UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats While the March UMich sentiment survey was completed before and after the start of the Iran War (with only modest impacts on sentiment and inflation expectations), today's preliminary April data survey period was all in the war with expectations for a notable drop in sentiment and sizable jump in inflation expectations. It turns out the expectations were right in direction but underestimated the scale as headline sentiment plunged from 53.3 to 47.6 (far worse than the 51.5...