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Three Levers China Is Pulling To Weather Gulf Energy Shock; How Long Can Beijing Hold Out?
Three Levers China Is Pulling To Weather Gulf Energy Shock; How Long Can Beijing Hold Out?
The new troubling development is that maritime chokepoint chaos spread overnight from the Strait of Hormuz to the Bab el-Mandeb Strait, where Iran-backed Houthis targeted two Saudi Arabian tankers. The attacks expose yet another maritime chokepoint and risk further physical market tightening, forcing traders to price a larger war-risk premium into Brent crude futures and pushing the benchmark above $100 a barrel Thursday morning.
Oil headed to Asia generally does not flow through both chokepoints....
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Feb 12, 2026 / Andrew P. Napolitano
The Coming Constitutional Ice Age
Last fall during the opening of the United Nations in New York City, I recognized the face of a federal officer from his days working in law enforcement in New Jersey and mine as a trial judge. We chatted and I asked him what he was doing. He told me he worked for Immigration and […]
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Jul 3, 2026 / Tyler Durden
Independence Week
Independence Week
By Bas van Geffen, Senior Macro Strategist at Rabobank
It was a reassuring week for those who are concerned about central bank independence. At the ECB’s annual conference in Sintra, moderator Sarah Eisen channeled a bit of her inner Beyoncé, asking a panel of central bank heads “To all you [bankers], who are independent, throw your hands up at me.” All four policymakers, including Fed Chairman Warsh, confirmed the importance of central bank independence: “The Fed acted independently before the Supreme Court ruling, and the Fed will continue to...
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Apr 2, 2026 / Andrew P. Napolitano
Hope For the Dead
“That God, which ever lives and loves,One God, one law, one element,And one far-off divine eventTo which the whole creation moves.” — Alfred Lord Tennyson (1809-1892) When American colonists were oppressed by British monarchs, the word most frequently uttered in pamphlets, editorials and sermons was not “safety” or “taxes”; it was “freedom.” Yet, two intolerable […]
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