On March 20, Iran fired two long-range missiles at the Diego Garcia base, a target long thought to be outside the declared range of about 2,000 kilometers. Iran’s long-running probe – which US officials say fell short of its target – is the first time Tehran has demonstrated the ability to reach Diego Garcia. For … Read more
This year, the most important commodity in agriculture is not sunshine or rain, it is fertilizer. According to some estimates, nearly half of the world’s crop and livestock production depends on the incredible mix of minerals and chemicals that make up artificial fertilizers. But the Iran the war raises prices and suppresses the availability of … Read more
It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
(Bloomberg) — Stocks fell and crude oil rose as tensions escalated in the Middle East, with Iran-backed Houthi forces entering the fray and a US military presence raising fears of a protracted war. US equity-index futures fell 0.6% and Asian shares opened lower on Monday as the war entered its fifth week, with rising crude … Read more
When Scott Morrison announced that it was not a “race” to get vaccines first and quickly into Australia during the COVID epidemic, it was another nail in the coffin of his aging prime minister. Prime Ministers who do not unite at a time when the public is afraid and looking for leadership lose the public’s … Read more
In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more