Category: Economy
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The US Strategic Petroleum Reserve fell to 289.7 million barrels, its lowest since November 1982. The stockpile is not empty — but the reserve’s usefulness is measured in barrels per day, not barrels, and that number has fallen too.
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An Al Jazeera investigation found 17 companies linked to Israeli settlements hold 125 UK public-sector contracts worth £2.129bn. The money is not going to settlements. The legal question is narrower, and harder.
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Mocha has been closed since mid-August after more than 25 missiles hit it — the first attacks on the port since the 2022 truce. Yemen’s frozen war is thawing, and almost nobody is reporting it.
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Disclosure forms show more than a thousand transactions in June, including energy companies profiting from the war the president is directing. It is lawful, it is disclosed, and the conflict-of-interest statute does not apply to presidents.
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Mediators have asked Tehran to set out what it wants in exchange for reopening the Strait of Hormuz, and Iran says it is drawing up the list. President Trump says the United States is not talking to Iran at all.
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European football’s governing body is preparing a criminal complaint in Switzerland against Gianni Infantino over the abandoned plan to sell a stake in the World Cup. The evidence is being gathered through American courts.
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DHS wants $103,265 for every capped H-1B petition — more than a hundred times the current filing fee, projected to raise $8.8 billion a year. It is a proposal, not a rule, and the last attempt cut filings by nearly 90 per cent.
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The Treasury has named its Iran campaign Operation Economic Outcast and expanded secondary sanctions across five categories: aviation, digital assets, gold, shipping and technology. Each one corresponds to a specific route money and goods take when the banks are closed to you.
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A car crossing the Canada-US border is rarely a foreign product arriving in a domestic market — it is usually a partly finished North American product coming back. That is why a 50 per cent auto tariff behaves differently from an ordinary import tax.
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Treasury Secretary Scott Bessent promised an “economic D-Day” against Iran and then announced something narrower: deadlines for other countries to end their commercial ties with Tehran, with penalties held in reserve. The gap between the language and the measures is the story.