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Saudis Signal Red Sea Oil Loadings Could Soon Resume For Asian Buyers
Saudis Signal Red Sea Oil Loadings Could Soon Resume For Asian Buyers
Bloomberg reports Saudi Aramco may restart crude loadings at Yanbu this week, raising hopes that the critical East-West pipeline route, which bypasses the Strait of Hormuz, could resume operations at half capacity after a drone attack disabled it.
While no restart timeline has been confirmed, the overnight development adds to positive signs of progress toward resolving the global energy crisis after Brent slipped below $100 a barrel on reports that Iran offered to reopen the strait in exchange for...
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Trump Invokes Defense Production Act As US Moves To Rebuild Weapons Stockpiles
Trump Invokes Defense Production Act As US Moves To Rebuild Weapons Stockpiles
The Trump administration is seeking a major increase in defense spending while simultaneously using executive authority to accelerate weapons production, reflecting growing concern over U.S. munitions inventories after the war with Iran, according to NBC.
Defense Secretary Pete Hegseth met with Senate Republicans this week to rally support for a proposed $350 billion defense package, much of which would be directed toward replenishing missile and weapons stockpiles.
According to NBC, Sen. John Cornyn said the Pentagon is “running short of...
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Sep 13, 2026 / Tyler Durden
Warsh Faces An "Incredibly Difficult Dilemma" This Week
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