US Limits Its Air Defense Coverage For Tankers Sailing Through Hormuz: Report

Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed Authored by Irina Slav via OilPrice.com, Oil prices are tumbling as tankers stream out of the Strait of Hormuz, but most of that traffic is stranded vessels finally allowed to leave, not new supply heading in. Iran struck a commercial ship near Oman this week even as the 60-day U.S.-Iran ceasefire holds and markets keep pricing in a supply glut. The U.S. strategic petroleum reserve is at its lowest level in four decades, and China may resume buying once it stops selling off...

Barclays Warns Next Commodity Shock Is Taking Shape: What You Need To Know Wall Street coverage of a record-breaking Super El Niño is only growing as agricultural commodities break out. Yet the rally extends well beyond the agricultural complex, with industrial metals and other critical materials showing signs of tightness in physical markets. Whether it is veteran commodities strategist Jeff Currie turning bullish or UBS urging clients this week to "position for a commodity upcycle," the message is becoming louder: Commodity markets are tightening as adverse weather, years of underinvestment, declining...

Maryland's Glock Ban Aims At The Gun, Not The Criminal Authored by David Manney via PJ Media, Maryland Gov. Wes Moore signed SB 334 into law Tuesday, putting the state on a collision course with gun owners, firearm dealers, and 2nd Amendment groups. The law targets "machine gun convertible pistols," mainly Glock-style semiauto handguns that use a cruciform trigger bar. Maryland lawmakers argue criminals can convert those firearms into fully auto with illegal devices called Glock switches. The question remains: Why is Maryland banning future sales of common handguns because criminals already break...