US president says Israel will not launch another attack on the giant gasfield shared by Iran and Qatar, but promises to destroy it if Tehran retaliates Israel strikes Iran’s South Pars gasfield hours after forces kill intelligence minister Fighting intensifies between Israel and Hezbollah in southern Lebanon Ship attacked in strait of Hormuz: British officials In case you missed this news earlier, an attack set a ship ablaze early on Thursday off the coast of the United Arab Emirates. “It is now hitting the plumbing of the global energy system. What is unsettling markets now is the growing stagflation risk ... It means this is no longer just a geopolitical story but a macro one. Continue reading...