First Quantum Sells Turkish Mine to Cengiz for $340 Million
First Quantum Minerals (TSX: FM) is continuing its post-Panama garage sale, announcing on Thursday the sale of its Çayeli copper and zinc mine in Turkey to Cengiz Holding for $340 million in cash. The deal for the underground operation, located on the Black Sea coast, is the latest move by the Toronto-based miner to shore […]
Iran War Triggers Largest Oil Supply Disruption in History, IEA Warns of 8 Million Barrel Daily Loss
The ongoing war in Iran has unleashed the largest supply disruption in the history of the global oil market, slashing output by 8 million barrels a day this month, or nearly 250 million barrels in total, according to the International Energy Agency (IEA). The conflict’s epicenter is the closure of the Strait of Hormuz, a […]
Securing Strait of Hormuz May Require Ground Operation on Iran’s Coastline, Analysts Warn
Military analysts have raised the stakes on securing the Strait of Hormuz, warning that a ground operation to control segments of Iran’s coastline could be necessary to ensure safe passage through the critical waterway. Speaking to the Wall Street Journal, experts highlighted the strategic chokepoint’s vulnerability amid escalating tensions in the region. The Strait of […]
Sitka Gold To Spin Out American Assets As Focus Turns To RC Gold
Sitka Gold Corp. (TSXV: SIG) is going all-in on its RC Gold project in the Yukon. The company announced this morning a strategic plan to spin out its Nevada and Arizona gold and silver portfolio into a separate, discovery-focused entity. The move is designed to streamline operations as the company prioritizes the rapid advancement of […]
The 2026 Midterms Could End Trump’s Presidency Early—And He Knows It
A surprise result in Georgia, a redistricting arms race, and Trump’s push to rewrite voting rules reveal just how much is riding on November.
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 […]