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Qatar's Energy Minister Says Bessent's "Worthless" Hormuz Claim Is "Completely Wrong"
Qatar's Energy Minister Says Bessent's "Worthless" Hormuz Claim Is "Completely Wrong"
Qatari Energy Minister Saad Al-Kaabi blasted Treasury Secretary Scott Bessent on Sunday, saying he was "wrong" to claim the Strait of Hormuz would become "worthless" to the oil industry in two years.
"I think this is completely wrong," Saad Al-Kaabi said Sunday at the Qatar Economic Forum in New York.
Speaking to Fox Business's Larry Kudlow on the sidelines of the Group of 20 finance ministers' summit in North Carolina earlier this month, Bessent said the Hormuz maritime chokepoint, in about...
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May 15, 2026 / Tyler Durden
US Industrial Production Surged In April
US Industrial Production Surged In April
Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook.
That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY...
Source: Bloomberg
April's gain for US industrial production was...
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Mar 31, 2026 / Lucas Leiroz
The American (and Israeli) Role in Syria exposed
The official narrative constructed by the United States and its allies throughout the war in Syria has consistently sought to conceal a central element of the conflict: the deliberate use of extremist groups as a geopolitical tool. For years, independent analysts have argued that Washington not only tolerated but actively encouraged the actions of radical […]
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Mar 26, 2026 / Tyler Durden
Fetterman Says Some Democrats Possibly Afraid To Reopen DHS Due To Party Activists
Fetterman Says Some Democrats Possibly Afraid To Reopen DHS Due To Party Activists
Authored by Chase Smith via The Epoch Times,
Sen. John Fetterman said Wednesday night that activist pressure within his own party is prolonging the partial Department of Homeland Security (DHS) shutdown, offering his observations from within the Democratic caucus for why the standoff has stretched into its sixth week.
Appearing on Fox News’ “Hannity” on March. 25, the Pennsylvania Democrat said ongoing protests against the Trump administration—such as the “No Kings” rallies nationwide—have left some senators unwilling to vote...
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