Oil prices surged past $100 a barrel this week as the U.S.-Israeli war against Iran threatens global energy supplies and the broader economy. Iranian officials say no oil will be allowed to leave the Middle East until the bombardment stops, raising fears of disruptions in the Strait of Hormuz, the waterway through which about 20% of the world’s oil and gas flows. This comes as Israel has struck…
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For more than 70 years, the United States has practiced what it calls extended deterrence, which includes the so-called “nuclear umbrella” for its NATO allies in Europe. Countries under the umbrella agree not to develop their own nuclear weapons with the understanding that the U.S. could use its nuclear weapons on their behalf in certain circumstances. In addition to some 80,000 U.S.
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Following the U.S. attack on Venezuela, the Trump administration has renewed its campaign to take over Greenland, which has been controlled by Denmark for more than 300 years. The White House says it’s considering “a range of options,” including the use of military force. Danish Prime Minister Mette Frederiksen has warned that if the U.S. were to attack Greenland, it would spell the end of NATO.
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An annual report out Monday that tracks global arms sales shows that weapons makers in 2024 generated more revenue than at any time since the group behind the research began tracking the data over 35 years ago. The annual report by the Stockholm International Peace Research Institute (SIPRI) shows that the top 100 weapons makers in the world — led by those in the United States — brought in a…
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This October, Secretary of War Pete Hegseth dominated the NATO ministerial meeting in Brussels, while pressuring Europeans to assume an even heavier share of the defense burden. Referring to his peers as “ministers of war,” Hegseth demanded that member states purchase additional U.S. arms for Ukraine. “All countries need to translate goals into guns,” he hammered home. “That’s all that matters…
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