Saudis Offer To Sell Oil Near Oman, A Sign They're Sailing Dark Through Hormuz

Rutte Touts 'Literally Billions' Invested To Drastically Ramp Up NATO's Drone Capabilities NATO leadership has this week made clear where it plans to invest a bulk of defense and tech-related funds in the coming years, while making express reference to lessons learned from the Russia-Ukraine battlefield. The alliance's Secretary General Mark Rutte said Tuesday that drone warfare is the next great expanse in NATO capabilities. He touted that member states are unveiling "major new projects" worth "literally billions of dollars" at the Ankara summit. "These are billions that are invested in...

India's Crude Import Bill Surges As Hormuz Shipping Rates Soar Authored by Tsvetana Paraskova via OilPrice.com, India's crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to never-before-seen highs. India has been paying elevated prices to import Middle Eastern crude not only because of the spike in oil prices, but also due to the surging costs to bring supply from the nearest region from which it can import crude. The...

Visualizing Every US State's Economy Matched To A Country America’s largest state economies rank alongside some of the biggest economies in the world. Even further down the list, many individual states produce hundreds of billions of dollars in economic output each year. This map, via Visual Capitalist's Gabriel Cohen, pairs each U.S. state with the country closest to it in nominal gross domestic product (GDP) in 2025, using data from the Bureau of Economic Analysis and the IMF’s World Economic Outlook. The Big Four State Economies At $4.3 trillion, California would rank among the world’s five...