Al-Houthi Says There Are Indications Saudi Arabia Is Planning Major Escalation in Yemen

Hegseth: Senator Mark Kelly Revealed Classified Information On US Munitions Stockpiles Via American Greatness, Senator Mark Kelly (D-AZ) voiced concerns Sunday about the state of US weapons stockpiles following the recent conflict involving Iran, describing the extent of depleted munitions reserves as “shocking” during an appearance on CBS News’s Face the Nation. “I think it’s fair to say it’s shocking how deep we have gone into these magazines,” Kelly said, arguing that the United States had exhausted significant amounts of military hardware without a clearly defined strategy. “Because of that, we’ve expended a lot of munitions,...

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Traders Are Shorting Oil As If The Hormuz Crisis Is Over Authored by Tsvetana Paraskova via OilPrice.com, Oil traders are increasingly betting on lower prices, with short positions in Brent crude tripling since late March despite the loss of roughly 13 million bpd of supply from the Middle East. Physical market fundamentals are tightening rapidly, as global inventories have fallen by about 250 million barrels and key storage hubs like Cushing are approaching critically low levels. Analysts warn the market may be underestimating supply risks, with even a reopening of the Strait of...