Pentagon Pegs First Six Days of Iran Conflict at $11.3 Billion as Casualties Mount
The Pentagon has estimated the cost of the first six days of the U.S. military engagement in Iran at a staggering $11.3 billion, a figure disclosed during a closed-door briefing to senators. This early price tag, shared with lawmakers on Tuesday, signals the immense financial burden of the operation dubbed ‘Epic Fury’ as the conflict […]
U.S. Releases 172 Million Barrels from SPR as Iran Conflict Drives Oil Prices Up 20%
The U.S. Department of Energy will release 172 million barrels from the Strategic Petroleum Reserve (SPR) starting next week, a move aimed at curbing soaring oil prices amid escalating conflict with Iran. Secretary of Energy Chris Wright confirmed the release, part of a broader International Energy Agency plan to discharge 400 million barrels, will take […]
Chile U-Turns On Copper, Lithium As New President Aligns With Trump
Chile is executing a sharp policy reversal under incoming President José Antonio Kast, who is set to be sworn in on Wednesday and who plans to use its first full day in office to sign broad agreements with the US on critical minerals and security, pulling the copper- and lithium-rich country closer to President Donald […]
Sen. Murphy Calls Trump’s Iran War Plans ‘Incoherent’ After Classified Briefing
Senator Chris Murphy emerged from a two-hour classified congressional briefing Tuesday calling the Trump administration’s war plans “incoherent and incomplete” and warning that the conflict risks becoming an “endless war” — the latest sign of deepening Democratic unease over a military campaign now in its 12th day. “All the briefings are closed, because Trump can’t […]
Germany and Japan Move to Release Reserves As G7 Arrests Oil Shock
Germany and Japan said Wednesday they would release oil from strategic reserves as the G7 coordinated an emergency response to crude market disruption tied to the US-Israeli war with Iran. Prime Minister Sanae Takaichi said Tokyo would begin releasing reserves “as early as the 16th of this month,” adding that Japan was acting without waiting […]
North America’s Trade Pact Faces Its First Test Next Week — Without Canada at the Table
US and Mexican negotiators open formal scoping discussions on the North American trade pact this week, pressing ahead on a bilateral track that leaves Canada scrambling before a hard July 1 deadline. The US Trade Representative’s office confirmed the first meeting between US and Mexican teams for the week of March 16, after USTR Jamieson […]
Amid Hormuz Blockade, A Few Ships Are Moving
Commercial shipping through the Strait of Hormuz remains largely paralyzed, but a small number of vessels with Iranian or Chinese links have continued to transit, including two sanctioned Iranian VLCCs seen exiting the Persian Gulf for Asia early Wednesday with drafts indicating they were fully laden. Bloomberg vessel-tracking data identified eight commercial transits on Tuesday […]
Altius Minerals Q4 2025: Revenue Jumped But Earnings Declined On Realized Gains
Altius Minerals Corporation (TSX: ALS) delivered a mixed but ultimately stronger 2025 financial profile, with full-year revenue falling to $53.7 million from $58.2 million in 2024. However, Q4 2025 revenue rose to $14.1 million from $11.7 million in Q4 2024. The company said higher potash and base metal prices, copper stream deliveries and renewables growth […]
Instagram Goes Down Worldwide as Thousands Report App Failures, DM Outages
Instagram suffered a widespread outage on Wednesday morning, with more than 10,000 users flooding outage-tracking site Downdetector with reports of app failures and direct messages that refused to send. Reports began spiking around 2:48 AM UTC, with complaints concentrated in major US cities including New York, Chicago, Washington, Phoenix, Dallas, Boston, and San Francisco. Users […]
Franco-Nevada Reports 2025 Record Revenue, Cash Flow On Precious Metals Run
Franco-Nevada (TSX: FNV) reported Q4 2025 revenue of $597.3 million, up from $321.0 million last year as GEOs sold jumped to 41,656 ounces versus 120,063. Full-year, revenue climbed to $1.82 billion from $1.11 billion on 519,106 GEOs versus 463,334. Breaking it down, precious metals generated $1.55 billion of the 2025 revenue, up from $853.0 million, […]