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Why Does Baku Feel Like Both Europe and Asia at Once?

Why Does Baku Feel Like Both Europe and Asia at Once?

Baku, the vibrant capital of Azerbaijan, stands as a testament to the harmonious coexistence of diverse cultural traditions. Often referred to as t...

President Trump's Deal Fuels 'Western' Crude Boom with Venezuelan Oil Involvement

President Trump's Deal Fuels 'Western' Crude Boom with Venezuelan Oil Involvement

President Trump's administration has announced a deal that is expected to significantly boost the 'Western' crude oil supply, primarily through increased involvement in Venezuela's oil industry. The White House released a statement on August 31, detailing that the U.S. now possesses "powerful governance rights, economic ownership, and guaranteed low-cost off-take from a new private Venezuelan oil champion." This new entity, North American Blue Energy Partners (NABEP), will hold 17 oil concessions in Venezuela, equating to 65 billion barrels of reserves, making it the second-largest private oil company by reserves globally. President Trump has hailed this as the 'biggest oil deal in history.' Furthermore, the U.S. Department of War will receive a 35% equity stake in NABEP's corporate parent, and the U.S. Department of State will have the right to purchase 20% of production at cost, with an option to buy the remaining 80% in 'emergency situations.' This policy is stated to be consistent with the Monroe Doctr...

Vermont Senators Criticize Iran War as National Guard Returns Home

Vermont Senators Criticize Iran War as National Guard Returns Home

Members of the Vermont National Guard have returned home from an eight-month deployment to the Middle East, where they participated in the war in Iran. This deployment followed an initial assignment to Puerto Rico to support federal actions in Venezuela. Both Democratic Senator Peter Welch and Independent U.S. Senator Bernie Sanders expressed relief at the Guard's return but strongly criticized the war in Iran. Senator Welch stated that the Guard should not have been sent to the war zone in the first place and noted that the return of the airmen does not necessarily signal a winding down of hostilities by the federal government. Senator Sanders echoed these sentiments, calling the war unconstitutional and illegal, highlighting its negative impact on the economy and the thousands of lives lost. He also praised the courage of the Guard members, who faced harsh conditions and re-supply challenges during what was the longest-ever deployment for the Vermont National Guard.

Brent oil tops $100 as Middle East conflict intensifies, stoking supply fears

Brent oil tops $100 as Middle East conflict intensifies, stoking supply fears

By Tony Munroe and Alex Lawler SINGAPORE/LONDON, Sept 9 (Reuters) - Oil prices topped $100 a barrel on Wednesday for the first time in six weeks as an escalation in fighting by U.S. and Iranian forces deepened concerns over supply from the region and raised fears of inflationary pressures and higher

President Trump Predicts High Oil Prices Until After Midterms Amid Iran Conflict

President Trump Predicts High Oil Prices Until After Midterms Amid Iran Conflict

President Trump has stated that he believes oil prices are unlikely to decrease until after the upcoming midterm elections, attributing this to the ongoing conflict with Iran. His remarks suggest a direct link between geopolitical tensions in the Middle East and the global energy market. The implication is that the instability caused by the conflict is driving up crude oil costs, which in turn affects gasoline prices and other energy-related expenses for consumers. This assessment highlights the interconnectedness of international relations, energy policy, and domestic economic conditions, particularly as the U.S. approaches a significant election cycle.

Roll out the $100 barrel

Roll out the $100 barrel

By Jamie McGeever ORLANDO, Florida, Sept 8 (Reuters) - A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen extended its strong gains to hit a seven-

Yen stands tall as dollar wobbles, oil's run towards $100 chills sentiment

Yen stands tall as dollar wobbles, oil's run towards $100 chills sentiment

By Ankur Banerjee SINGAPORE, Sept 9 (Reuters) - The Japanese yen steadied near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil prices pushing towards $100 per barrel in the face of a widening war in the Middle East.

Wall St futures muted as oil tops $100 for first time since July

Wall St futures muted as oil tops $100 for first time since July

Sept 9 (Reuters) - U.S. stock index futures were subdued on Wednesday as oil prices blew past $100 for the first time since July amid an intensifying Middle East conflict, keeping investors cautious ahead of inflation data later this week.

Oil hit $100 a barrel for first time since July. What's next for gas?

Oil hit $100 a barrel for first time since July. What's next for gas?

Oil prices spiked after U.S. military forces destroyed five Iranian crude oil tankers. Gas prices have surged 42% since the start of the war.

How Do Historians Decide What Really Happened in the Past?

How Do Historians Decide What Really Happened in the Past?

History, at its core, is the systematic study of the past, with a primary focus on the human past. As an academic discipline, it involves analyzing...

Wall St slips as steep oil prices stoke inflation concerns ahead of CPI

Wall St slips as steep oil prices stoke inflation concerns ahead of CPI

By Niket Nishant and Tharuniyaa Lakshmi Sept 8 (Reuters) - The major U.S. stock indexes edged lower on Tuesday as fresh hostilities in the Middle East pushed oil prices higher, while markets await inflation data due later this week.