YOU WONT BELIEVE: 34 - What They Never Told You

How the U.S.‑Israel war against Iran is exposing the limits of the petrodollar system

For the first time since the Second World War, excluding the COVID-19 pandemic, public debt in the United States has surpassed the entire economy’s GDP. As of late March, debt held by the public reached US$31.27 trillion, just ahead of the GDP of US$31.22 trillion.

The Conversation · May 12

Qatar warns Iran against weaponising Hormuz to 'blackmail' Gulf countries

Qatar warned Tehran on Tuesday against using the Strait of Hormuz as a "weapon" to hold Gulf states to ransom, as Doha and Ankara backed ongoing mediation efforts to end the Iran war and restore access to the vital waterway.

Euronews · May 12

Four races in a row? Key details revealed as F1 eyes Bahrain or Saudi ‘reschedule’

Formula One executives are looking to reinstate a race in the Middle East, depending on how the conflict in the Gulf evolves. But a congested end-of-season schedule makes a reschedule difficult, as Kieran Jackson explains

The Independent UK · May 12

Petroleum coke shortage may hit aluminium production outside Gulf too: JP Morgan

Global aluminium production faces potential disruptions beyond the Gulf due to worsening petroleum coke shortages, a key raw material. JPMorgan Chase & Co. reports that a prolonged Strait of Hormuz closure could impact producers worldwide, potentially leading to operational challenges and production cuts. The market is already experiencing supply issues,…

The Economic Times · May 12

Mass starvation looms if fertilisers can’t pass key waterway, UN warns – as it happened

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The Guardian - AU · May 12

Inside the Texas Water Crisis Pitting Residents Against Industry

As lakes, reservoirs and groundwater wither away, some Gulf Coast residents see costly desalination plants as the last hope.

Capital & Main · May 11

London Heathrow airport traffic dips due to Mideast war

London's Heathrow Airport announced Monday that passenger numbers dropped in April as the Middle East war disrupted global air travel. Heathrow, Europe's busiest airport, said that the decline reflected "the ongoing impact of the Middle East conflict on some markets and short-term adjustments to travel plans."

The Economic Times · May 11

Trump calls Iran’s response to peace plan ‘totally unacceptable’ as ceasefire frays

US president expresses ire at Tehran’s reported demands, as drones strike Gulf nations and Israel warns war ‘not over’

The Guardian - UK · May 10

‘Totally unacceptable’: Trump rejects Iran’s ceasefire response sent via Pakistan

Iran has responded to a US ceasefire proposal through Pakistani mediators, seeking a permanent end to regional conflicts and guarantees for maritime security. President Trump rejected Tehran's position, calling it "TOTALLY UNACCEPTABLE!" amid rising tensions and drone incidents in the Gulf.

The Times of India · May 10

Venezuela warns of 'serious' environmental impact from alleged oil spill in Trinidad and Tobago

Venezuela said that an oil spill that originated in Trinidad and Tobago has caused serious environmental damage along the coastlines of at least two of its states and in a gulf area near the Caribbean nation

The Independent UK · May 10