Taliban insurgents attacked a U.S.-operated base in Afghanistan's eastern province of Khost on Monday officials said, but gave few immediate details of an assault that coincided with a surprise visit to Kabul by U.S. Secretary of Defense James Mattis. The attackers detonated a car bomb at an entrance to Camp Chapman, a secretive facility manned by U.S. forces and private military contractors.
Following API's surprise gasoline build (and small crude draw), DOE confirmed concerns with a surprise build in gasoline inventories (slamming RBOB). Crude inventories drew down for the 2nd week in a row. WTI prices tumbled though as production rose to its highest since Aug 2015.
Three people were killed after a man went on a shooting spree Tuesday in central Fresno, randomly shooting at four white men, killing three, before he was arrested. The 39-year-old suspect, identified as Kori Ali Muhammad, shouted "Allahu Akbar" as police tackled him to the ground after the shootings which were spread over four locations.
After the best quarter for US stocks since 2015, global equities have started off Q2 on the right foot, despite caution about the upcoming meeting between President Trump and China's Xi Jinping later this week, and Fed Minutes which are expected to be more hawkish than the FOMC statement.
"London is more Islamic than many Muslim countries put together", according to Maulana Syed Raza Rizvi,. No, Rizvi is not a right-wing extremist; he is one of the Islamic preachers who now lead "Londonistan", as the journalist Melanie Phillips has called the English capital.
"In meetings with traders, Mr. Barkindo has asked about the declining role of investment banks in commodity-futures trading and the increased use of automated trades, according to people who were present. He asked why U.S. banks were so quick to reinvest in American shale producers after the bust and what would happen if prices fell again."
The United Arab Emirates (UAE) has signed an outline agreement to buy Russian aircraft. It also plans to implement a joint project with Russia to develop a next-generation fighter that could enter service in seven or eight years.
The Iranian Navy successfully test-fired its Nasr sea-launched cruise missile, the country's Defense Minister said. The latest naval cruise missile, called The Nasr, was successfully launched and hit the predetermined targets. Iran also successfully test-fired an advanced domestically-made laser-guided missile system dubbed Dehlaviyeh, "specialized in targeting vessels and ships."
Iran launched a massive naval drill at the mouth of the Gulf and the Indian Ocean on Sunday. Navy ships, submarines and helicopters will take part in the drills across an area of about 2 million square kilometers (772,000 square miles) and marines will showcase their skills along Iran's southeastern coast.
"The message of these exercises ... for world arrogance is not to do anything stupid," said General Mohammad Pakpour, head of the Guards’ ground forces. "The enemy should not be mistaken in its assessments, and it will receive a strong slap in the face if it does make such a mistake."