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

Ukraine Faces Growing Air Defense Crisis As Patriot Supplies Dwindle Via RFE/RL, Ukraine failed to intercept any of the 24 ballistic missiles and four Zircon cruise missiles Russia fired in the August 5 attack, underscoring the strain on its missile defenses. U.S. Patriot availability has become a significant constraint after extensive interceptor use during the Iran conflict. Kyiv is increasingly seeking European inventories, expanded production, and eventually licensed or joint Patriot manufacturing to secure its air defenses ahead of winter. Ukraine's failure to intercept a single Russian missile during a large-scale overnight attack this week...

American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins American Bankers Association (ABA) CEO Rob Nichols sent an emergency Sunday letter to every bank CEO in the country, urging “immediate engagement” against what he called a stablecoin yield loophole in the Digital Asset Market Clarity Act, days before a Senate Banking Committee markup scheduled for Thursday. The letter, dated May 11 — Mother’s Day — and addressed to ABA member bank CEOs, asked bank leaders to contact their senators and mobilize their employees to do the same before...

Iran 'Fully Prepared' To Resume War, We Don't Trust Trump: Iran FM The two big weekend Iran war developments are 1) President Trump has rejected Tehran's seven day ceasefire roadmap proposal, and reportedly plans to resume bombing Iran - likely after the November midterm elections; 2) the Iranian government announced Sunday its forces have struck 19 ships in the Strait of Hormuz over the past two nights, per Fars News Agency. The Fars report indicated the Iranians hit 12 vessels Friday night and 7 more Saturday - though Western sources have been...