Moody’s Mark Zandi wrote Monday that if oil prices remain elevated for long, a recession will be “difficult to avoid.” Source: https://thehill.com/business/5788865-moodys-economist-mark-zandi-warning-recession-threat/
Welcome to The Hill’s Defense & NatSec newsletter {beacon}. Defense & National Security Defense & National Security Big Stories CNN’s coverage of the Strait of Hormuz set the tone for the day when White House Secretary of Defense Pete Hegseth appeared on CNN Friday morning at the Pentagon’s Iran briefing. © Adobe Stock… Source: https://thehill.com/newsletters/defense-national-security/5783805-cnns-reporting-on-strait-of-hormuz-riles-white-house/
Energy Secretary Chris Wright said Thursday that he would personally review his posts on the social platform X after the White House removed a post about a controversial military escort. “My last question is, there was an X post from the Department of Energy a while ago. Source: https://thehill.com/policy/energy-environment/5781402-energy-secretary-reviews-posts/
Global oil markets recorded their biggest price swings in history this week after the US-Israeli war on Iran blocked the flow of Middle Eastern crude through the Strait of Hormuz. The narrow waterway south of Iran is one of the world’s most important trade arteries, through which one-fifth of the world’s oil and marine gas