War Against Iran Created ‘Strategic Inventory Shortfalls’ of Key Munitions

Futures Slide As Oil Jumps On Ceasefire Setbacks, Nasdaq In Danger Of Ending 13-Day Streak Futures are lower, but well off session lows,after a weekend of chaos in the Strait of Hormuz cast doubt over US-Iran peace talks ahead of Tuesday’s ceasefire expiration. On Saturday, Iran said the Strait will be closed until the US blockade is lifted, with ships reporting attacks. The US then fired and seized an Iranian-flagged ship on Sunday. Both headlines point to a re-escalation, as Iran military has now vowed to retaliate. It remains unclear...

Netherlands Pushes To Scrap EU Gas Storage Mandate After $1.14 Billion Bill Authored by Tsvetana Paraskova via OilPrice.com, The Netherlands considers that the current EU system of gas storage targets ahead of winter is inadequate and burdens governments that have to pay for meeting the EU-wide obligations. The Dutch government has already spent almost $1.14 billion (1 billion euros) this summer season alone on building up inventories, while this task should fall mostly on the gas market participants, Climate Minister Stientje van Veldhoven said in a letter to Parliament cited by Bloomberg. The...

Starmer To Ban Under-16s From 10 Social Media Apps, Including X, But Not Bluesky Authored by Toby Young via DailySceptic.org, Sir Keir Starmer is set to announce sweeping reforms tomorrow banning under-16s from 10 major social media platforms, including X, but not the Left-wing platform Bluesky. In addition, he will introduce daily curfews for 16 and 17 year-olds, going further than Australia’s restrictions. The Times has the story: Teenagers will be banned from certain social media platforms and have their daily usage curbed under sweeping reforms to be announced by Sir Keir Starmer on Sunday. The...