After Iran's Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries

Over 300 people have been killed in days of clashes in southwestern Yemen, causing many civilians to flee the area, AFP reported on Sunday, as the war in the country has reignited following escalations that began in the wake of Saudi Arabia’s July airstrikes that targeted the Sanaa International Airport. The report cited sources in […]

States Race To Cut Food Stamp Errors Before Penalties Kick In Authored by Sylvia Xu via The Epoch Times, States are racing to reduce faulty payments to food stamp recipients, in a bid to avoid penalties included in the signature budget bill passed by Republicans last year. Starting in October 2027, states with payment error rates of 6 percent or higher must cover 5, 10, or 15 percent of SNAP benefit costs, depending on the payment error rate. Even though the deadline is more than a year out, enrollment in the program has...

Red Sea Blockage Fears: Cargo Ship Attacked Off Southwest Yemen A Red Sea disruption would be terrible timing for global shipping and energy markets, coming just as vessel traffic through the Strait of Hormuz has started to normalize in recent weeks. An overnight report that a cargo ship was attacked by "armed assailants" in the southern Red Sea off Yemen is a reminder that the region's maritime-risk premium has not totally disappeared; it has simply shifted chokepoints. "UKMTO has received a report of an incident 30NM southwest of Al Hudaydah, Yemen. A...