Economy & Finance

Gulf States Considering Network Of New Pipelines To Bypass Strait Of Hormuz One month ago, at the start of the war, we said it was surprising that UAE’s oil export terminal of Fujairah was not a bigger terminal as it bypasses the Straits completely, and predicted a “major infrastructure push here after the war.” Surprising […]

Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG Update (1315ET): President Donald Trump has ousted Attorney General Pam Bondi, multiple outlets report. Deputy Attorney General Todd Blanche is serving as acting AG in the interim. The move comes amid White House frustration with Bondi’s leadership at the Justice Department –  particularly her

Kremlin Asks US For Ceasefire At Bushehr Nuclear Plant To Get Remaining Russian Staff Out Russia is seeking approval from the US and Israel for a ceasefire for the Bushehr nuclear ⁠power plant in Iran, RIA news agency reported Thursday. Airstrikes across the country have reportedly been on the uptick in the past some 48 hours.

Coinbase Exec Says Senate CLARITY Act Deal On Stablecoin Yield “Very Close” Authored by Amin Haqshanas via CoinTelegraph.com, Coinbase chief legal officer Paul Grewal said the US Digital Asset Market Clarity Act is “moving toward” a markup hearing in the US Senate Banking Committee and could eventually move to a floor vote if senators resolve

CEO Of Largest Public Hospital System Says He’s Ready To Replace Radiologists With AI By Marty Stempniak of Radiology Business, The chief executive of America’s largest public hospital system says he is prepared to start replacing radiologists with artificial intelligence in some circumstances, once the regulatory landscape catches up.  Mitchell H. Katz, MD, president and

Iran To Attack Logistical Hubs In Israel, Gulf After Its Tallest Bridge Destroyed Earlier we reported there are signs that the US and Israel are expanding attacks on Iran civilian infrastructure, after reports emerged Thursday that fresh airstrikes hit a highway bridge connecting Tehran and Karaj, according to Fars News Agency. Several people were injured,

Trump Puts State Farm, Other Insurers On Notice Over Treatment Of California Wildfire Victims Authored by Chris Summers via The Epoch Times (emphasis ours), President Donald Trump on March 31 told State Farm and other insurers to “get their act together” after meeting with California politicians and hearing about the difficulties facing the victims of

Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave Building on our earlier “Global Demand Destruction” note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks.

“Everything About This Market Is Wild”: European Diesel Futs Top $200 As Global Scramble Accelerates The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon. The longer the