EUROCOM General Warns US Lacks Ships to Continue Defense of Israel

Trump: Iran's Response A "Piece Of Garbage", Puts Ceasefire "On Life Support" Summary US President blasts 'piece of garbage' Iran response, says ceasefire on 'life support'. Trump mulls restarting Project Freedom in Hormuz and says forcibly retrieving 'nuclear dust' is still on the table, oil jumps on headline. Iran Foreign Ministry: "Everything we proposed in the text was reasonable and generous." However, US officials insist on their "unreasonable demands." Saudi Arabia condemns Iran for its latest drone attacks targeting the UAE, Qatar and Kuwait on Sunday. Qatari LNG tanker abruptly U-Turns In Hormuz chokepoint after earlier in weekend...

Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel By Charles Kennedy of OilPrice.com Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three days of July. The drop wipes out the revenue boost Moscow received from the conflict and pressures a federal budget that assumes oil prices of about $59 a barrel.  Urals had averaged more than $59 a barrel every month since March and climbed to $60.92 in June after...