Joint Chiefs Chair Pushing For Iran War Off-Ramp, Warning Escalation Will Backfire

Trump: 'Large & Powerful Strikes' In Iran Ongoing As 'Retaliation' For Mining Hormuz Strait Summary Reports of fresh US strike wave on southern Iran, oil soars Bessent Says Hormuz Will Be "Worthless Piece of Water" In Two Years Iran offers conditional ceasefire: Pezeshkian says Iran will return to talks if the US honors prior commitments, which Tehran says it has violated. Tankers hit in Strait of Hormuz: Two supertankers struck exiting Hormuz, escalating energy-market risks. Oil prices surge: Brent crude rose above $92/barrel. Diesel supply squeezed: Refinery disruptions are driving diesel prices and margins sharply higher. Strait of Hormuz traffic returns to...

Vice President JD Vance spoke at a Republican Jewish Coalition event on Monday, where he called the US-Israel relationship “one of the most important alliances in the world” and discussed how to sell the special relationship to the growing number of skeptics in the US. What was supposed to be an off-the-record conversation was leaked […]

China's Solar Boom Hits A Wall As Industry Losses Mount Authored by Irina Slav via OilPrice.com, Three of China's top solar market players reported deepening losses over the first half of the year, reflecting weakening demand for solar in the world's top manufacturer and generator. Jinko Solar, JA Solar Technology, and Tongwei all reported six-month losses as overcapacity in the sector meets weakening demand, not only at home but also abroad, Bloomberg reported, citing statements made by the companies at their financial results releases. The report noted new solar power capacity additions in...