For years, geopolitical analysts warned us that among the scariest of all scenarios for the world economy was the closure of the Strait of Hormuz.Well, now, in practice, that is precisely what has happened. Shipping through this narrow channel, the gateway to the Persian Gulf, has dwindled to close to zero. The worst nightmare has…
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4%…
The spotlight is once again on the Kurds in the Middle East.The US and Israel launched a crippling air campaign on Saturday, devastating Iran’s security forces across the country, particularly in the Kurdish areas bordering Iraq. In recent days, Kurds inside Iran say even small outposts belonging to Iranian security forces have been flattened.Could this…
The Middle East Crisis 2026 has taken a dangerous turn today, March 4, as reports emerge of a historic leadership transition in Iran. The Middle East Crisis 2026 has reached a critical turning point today, March 4, following reports that Mojtaba Khamenei has been named the new Supreme Leader of Iran. This historic transition comes…