Free Republic

The month-long closure of a crucial waterway for the global energy supply has sparked warnings the world is heading for problems worse than those caused by the 1970s oil crisis. Lars Jensen, a shipping expert and former director at Maersk, told the BBC the impact of the US-Israeli war on Iran could be "substantially larger" than the economic chaos seen in the 1970s. His comments follow a warning from the director of the International Energy Agency, Fatih Birol, earlier this month that the world is "facing the greatest global energy security threat in history". "It is much bigger than what...

Iran has likely earned $139 million per day by selling its flagship Iran Light crude so far in March, according to Bloomberg calculations based on export estimates by Tankertrackers.com and prices for Iranian Light. The estimated daily revenues were nearly $25 million higher compared to the average of $115 million daily proceeds from Iranian Light in February, according to Bloomberg's calculations. Iran is benefiting in several ways from the Hormuz crisis. First, its tankers are transiting the Strait of Hormuz while most other Gulf oil supply is still trapped. Then, the massive supply shock from the Middle East has hiked...

Former President Bill Clinton launched an angry attack against House Oversight Committee Chairman James Comer, with just weeks before his appearance before the Committee to testify about his links to Jeffrey Epstein Clinton accused Republicans of “running scared” and using him “as a prop in a closed-door kangaroo court” Former President Bill Clinton launched an angry attack against House Oversight Committee Chairman James Comer, as his appearance before the Committee to testify about his links to Jeffrey Epstein approaches.Clinton gave Comer both barrels in a series of posts on X.“I have called for the full release of the Epstein files,”...

In a new interview, the former Republican congresswoman also suggested that baby boomers are the most "brainwashed generation" Former Georgia Rep. Marjorie Taylor Greene accused one-time ally President Donald Trump of abandoning the core promises behind his Make America Great Again campaign. “MAGA is, I think, people are realizing, it was all a lie,” she said on The Kim Iverson Show on Wednesday, Jan. 28. “It was a big lie for the people.” Greene, 51, claimed the Trump administration is focused on serving “big, big donors,” including foreign countries. “And if they’re donating to all these things, those are the...