WTI Maintains Losses After Another SPR Drain, Distillate Stocks At 30-Year Seasonal Lows

Iran Says Tanker On Fire After Mine Strike, Following US Commander's Rare Hormuz Flyover Iran has continued hunting tankers in the Strait of Hormuz over the weekend, and on Monday its state media has cited the IRGC to say an 'offending' oil tanker caught fire after hitting mines east of the Strait of Hormuz.Ironically this happened just after an unusual public relations flyover conducted by the Pentagon. The head of US Central Command (CENTCOM) Adm. Brad Cooper personally visited the Strait of Hormuz in an unprecedented moment. On Sunday he...

Turkey Issues Arrest Warrant For Netanyahu, Seeks Interpol Red Notice Turkey has escalated its anti-Israel actions, after months of denunciations connected to its Gaza, Syria, and Iran policies - and is once again taking things to new levels. The Erdogan government has just issued an international arrest warrant for Israel's Prime Minister Benjamin Netanyahu as part of an investigation into Israel's interception of an aid flotilla for Gaza, which happened in mid-May and involved over 50 vessels and nearly 500 international activists. AFP/Getty Images Justice Minister Akin Gurlek announced Friday on X that Netanyahu...

Swedish PM Calls Spanish Illegal Immigrant Amnesty 'Very Bad Idea' Authored by Guy Birchall via The Epoch Times, Swedish Prime Minister Ulf Kristersson has called the Spanish government's amnesty for illegal immigrants a "very bad idea," warning that it could spark another migrant crisis akin to the one that beset the continent in 2015. Swedish Prime Minister Ulf Kristersson in Brussels on Dec. 19, 2024. Johanna Geron/Reuters The center-right politician, who is running for reelection next month, told the Financial Times in an interview published on Aug. 11 that the Spanish amnesty for...