Things Have Changed...

Flurry Of Reports Signal 'Breakthrough' In US, Iran Getting Back To The Table In Pakistan, As Third US Carrier Arrives After signaling all day yesterday that it has not decided to engage the United States in a second round of peace talks, Friday morning has seen a flurry of headlines out of Saudi and regional media speculating that today is different. "Iranian Foreign Minister Abbas Araghchi may arrive tonight accompanied by a small delegation," Pakistani government source has told Al Arabiya's correspondent. Also Bloomberg too is reporting that Iran's FM Araghchi...

The State Will Always Socialize The Cost Of War Via The Libertarian Institute War is often sold to the public as an act of national will: decisive, necessary, and under control. The bill arrives later, in a quieter form. It shows up in insurance markets, shipping rates, emergency guarantees, higher fuel prices, and sudden policy reversals designed to keep the economic damage from spreading too far or too fast. That is what is now happening with the U.S.-Israeli war on Iran. The fighting is not only destroying lives and widening instability....

Who's Buying Russian Oil? UBS Has The Answer President Trump's US-Russia deal to export diesel and crude cargoes has drawn considerable scrutiny from Western elites as the first shipments could soon reach US shores. Ukrainian drone strikes on Russian refineries, combined with disruptions in the Strait of Hormuz, have intensified pressure on the global energy market and refining capacity ahead of the US midterms.UBS chief economist Arend Kapteyn published new data tracking Russian oil exports. Before reading the note, the assumption would have been that Western sanctions and...