Mohammed bin Salman is more at risk internally than from AnsarAllah attacks

The Diamond Crash Accelerates The Diamond Standard Index, tracked on Bloomberg under the ticker DIAMINDX, tumbled to new record lows during the first half of August as a surge in affordable lab-grown stones eroded the scarcity premium underpinning natural diamond prices. "Technological progress in growing diamonds in labs has been amazing. It's no surprise most engagement rings are now using lab diamonds," X user Crémieux said. Technological progress in growing diamonds in labs has been amazing. It's no surprise most engagement rings are now using lab diamonds. https://t.co/MZ4zWVlQNq pic.twitter.com/fH1lFYD3Ih — Crémieux (@cremieuxrecueil) August 8,...

Ukrainian forces launched another major drone attack on Russia on Wednesday that killed at least four people and knocked out power in Sevastopol, the largest city in Crimea. According to the Russian news agency TASS, two civilians were killed in Gorlovka, a town in the Russian-controlled Donetsk Oblast in eastern Ukraine, and another two civilians […]

Shipping Turmoil Remains Largely Contained To Gulf, For Now The world's most critical maritime energy chokepoint has now been closed for 12 weeks, leaving seaborne energy supply chains heavily disrupted. Still, one UBS analyst points out that the shock has yet to meaningfully spill over into broader global shipping outside the Gulf area, suggesting the disruption remains largely contained for now. "It looks like non-energy related global shipping traffic is running just 4% below normal in May - a bit better than April," UBS analyst Arend Kapteyn wrote in a...