Author: Michael

Ukrainian drones struck Russia’s Engels-2 air base, located in Saratov Oblast, according to reports in Russian and Ukrainian media. The base hosts Russia’s 184th Heavy Bomber Aviation Regiment as well as the 121st Guards Heavy Bomber Aviation Regiment. Residents of Saratov and Engels, which are close to the air base, are said to have reported the sounds of many low-flying drones followed by explosions, but Russian authorities have seemingly not confirmed the strikes on the base.

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With no end in sight to the ongoing war in Iran, the conflict between Washington and Tehran seems to have entered a new and more dangerous phase of fighting. What began as a campaign centered on military targets and freedom of navigation has evolved into expanded strikes, retaliation felt across the Gulf, and growing concern that the fighting could escalate into a larger conflagration.

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China’s Return to the Oil Market Could Trigger the Iran War’s Second Energy Shock: The Trump administration (and the rest of the world) has been riding at ease, despite the Iran War still raging, because oil prices have not gone stratospheric the way many of us in the Chattering Class believed (and, in my case, still believe).

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As of right now, the United States Senate is considering the Sactioning Russia Act of 2025. With the recent passing of Senator Lindsey Graham, the bill’s original sponsor, there has been a resurgence of support for the bill and opposition to further sanctions on Russia and its wartime economy. Europe, meanwhile, has been increasing its financial support for Ukraine, with a recent deal allocating over 40 billion Euros to assist defense development in Kyiv.

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