Oil Economy

An Iranian war-boat fires a missile duri

Blowing up a mock U.S. carrier was likely the Supreme Leader’s way of prodding the depressed oil market and reaffirming his role as the true arbiter of Iran’s nuclear future. On February 25, the Islamic Revolutionary Guard Corps (IRGC) launched its long-overdue “Great Prophet 9” naval exercise in the Strait of Hormuz by attacking a… Keep reading →