Browsing: All news

While the United States has intensified its airstrikes against Iran, centering its attacks in the south along the coastal region, and other deep strikes, it also fired Hellfire missiles on an empty tanker that was headed for Kharg Island, after it attempted to run the US Navy’s blockade.

Iran responded on Thursday with several attacks using missiles and drones targeting Bahrain, Jordan and Kuwait, which host US bases.

B-1B Lancer Bomber in Museum in Dayton, Ohio. Image Credit: Harry J. Kazianis/National Security Journal.

A U.S.

Recently, Ukraine has expanded its long-range drone campaign to the sea. The Sea of Azov, which is a vital trade hub for Russian maritime transport, has come under attack by Ukrainian drones, hoping to disrupt traffic in the waterway.

The Sea was previously out of reach for Kyiv, but recent advances in mid-to-long-range strike capabilities have allowed it to reach the waterway with ease. Over the last couple of weeks, Ukraine has managed to hit 116 targets, the vast majority of which are tankers, some of which Kyiv claims are part of Russia’s ‘shadow fleet.

U.S. Expands Iran Strikes As Tehran Lashes Out Across Region: The United States once again expanded its military campaign against Iran overnight into Thursday, July 16, striking military sites around the Strait of Hormuz as well as other sites around Tehran. Iran responded to the attacks with missile and drone strikes targeting six American-linked bases throughout Bahrain, Jordan, and Kuwait.

U.S.

A controversial veterans benefits bill that is estimated to reduce future disability ratings by nearly $60 billion over a decade to pay for expanded compensation hit a speed bump on Thursday.
The House of Representatives postponed a planned vote on the Take Care of America’s Veterans Act, a package of more than 60 legislative proposals. The move came after an effort to send the bill back to the Veterans Affairs Committee failed by just one vote. No information was immediately available on when the bill might come up for a vote again.

The Russian Economy “Is An Illusion” Built On Debt: With the current energy crisis already wreaking havoc on Russia’s economy, a banking crisis may soon erupt as a mountain of debt weighs on consumers and businesses due to bad lending practices.

Fortune magazine wrote that the Kremlin urged banks to approve and even encouraged millions of Russians to take out three or more loans simultaneously.

But lenders are now vulnerable amid soaring indebtedness and deteriorating loan quality, while consumers buckle under high inflation.

Raytheon updated this reporter on the status of its plans to reinforce US naval radars under Project Storm.

Ukraine Wins the Lottery with New France Arms Sale: The name of the game in the war in Ukraine is drone attacks against Russia, and lots of them. The Kremlin also commanded its generals to use loitering kamikaze munitions against Ukraine as well. Lost in the shuffle is the need to promote air supremacy with fighter jets that can help shoot down the bevy of ballistic missiles and drones that are sent in massive flights by each side.

What a Shot in the Arm
Volodymyr Zelensky is excited about the latest news involving a group of fighters that will be heading his way soon.

Is it time to tax oil windfalls?: The year’s numerous oil price spikes, mostly related to the stop-and-start war in Iran, have put a lot of money in oil companies’ pockets.

And according to a new NPR report, there are growing calls for a tax on windfall oil profits. As noted by the Guardian, the 100 largest oil companies in the world “banked more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran.”

Generic Oil Tanker Image. Image Credit: Creative Commons.

The war in Ukraine has taken a toll on Russia. The country has suffered nearly a million and a half casualties. Attacks on its gas and oil infrastructure have caused widespread gas shortages in 56 of Russia’s 83 regions. The banking industry is in the midst of a crisis.

The economy is teetering on the edge, but not according to the Kremlin.

T-90M from Russia. Image Credit: Creative Commons.

Kremlin spokesman Dmitry Peskov said ‌on Thursday that Russia’s economy is stable.

“The difficulties our economy is going through are well known to everyone.

RTX’s Raytheon has announced the successful demonstration of its Next Generation Short Range Interceptor (NGSRI), a new missile system intended to replace the Stinger surface-to-air missile for the US Army.