Iran Set To Emerge With More Hormuz Leverage Than Before The War Under Draft US-Oman Deal

Speaker of the House Mike Johnson finalized the Republican plank for the upcoming midterm election. It will not be about affordability, inflation, and the economy. It will not be about Trump’s undeclared war. The position going forward will be about communism. “The election will be over whether we’re gonna maintain our freedom in a constitutional […]

DOJ Launches Investigation into Sexual Assault Allegations Against Eric Swalwell The U.S. Department of Justice has opened a criminal investigation into multiple sexual assault and misconduct allegations against former Rep. Eric Swalwell (D-Calif.), federal officials confirmed Thursday, marking the latest escalation in a scandal that has already forced the longtime congressman to resign from the House and suspend his bid for California governor. Swalwell, who represented California's 14th District since 2013, stepped down from Congress on Tuesday amid bipartisan pressure and a House Ethics Committee probe into claims that he engaged...

Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit, OilPrice reported. The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave global supply at 102.02 million bpd, its lowest forecast for 2026 yet. Supply is now expected to fall 1.27 million bpd short...