UN ‘Alarmed’ as Israeli Strikes Against Lebanon Surge Substantially

Sometimes a seemingly insignificant story tells one more about what is going on than the attempts being made to perceive the larger reality. When Julius Caesar crossed the Rubicon with his army the big developing story was the Roman Republic’s impending Civil War pitting Caesar against the country’s Senate and Pompey the Great, but the […]

Massive Life Support By Benjamin Picton, Senior Markets Strategist At Rabobank Massive Live Support “On massive life support” was Donald Trump’s characterization of the US-Iran ceasefire yesterday. This followed Sunday’s rejection of Iranian terms for peace that Trump described as “totally unacceptable”. In a boy-who-cried-wolf-style sign of growing market insensitivity to Presidential prognostications, Brent was only up 2.88% to $104.21/bbl and WTI crude remains below $100/bbl. Dated Brent rose by 0.6% yesterday to $105.62. This even as the Wall Street Journal reports that the UAE has been “secretly” carrying out attacks on...

Four House Republicans Break Ranks To Help Democrats Pass Iran War Powers Resolution The House on Thursday approved a Democratic-led war powers resolution aimed at restricting President Trump's military operations in Iran, with four Republicans providing the decisive votes. The measure, sponsored by Rep. Pramila Jayapal (D-Wash.) and forced to the floor with Rep. Jason Crow (D-Colo.), passed 214-208. Joining every Democrat were Reps. Tom Barrett (R-Mich.), Warren Davidson (R-Ohio), Thomas Massie (R-Ky.) and Brian Fitzpatrick (R-Pa.) - the same quartet that crossed the aisle on a similar resolution last month. It...