We know what’s coming and we are prepared.
#BREAKING Hezbollah statement on pager attack by Israel.
At approximately 3:30 pm on Tuesday 09-17-2024, a number of messaging devices known as "pagers" exploded, which are owned by a number of employees in various Hezbollah units and institutions.
These explosions, the causes of which are still unknown, led to the martyrdom of a girl and two brothers, and the injury of a large number of people with various injuries.
Hezbollah's specialized agencies are currently conducting a wide-ranging security and scientific investigation to determine the reasons that led to these simultaneous explosions, and medical and health services are also treating the wounded and injured in a number of hospitals in various Lebanese regions.
We ask God Almighty to have mercy on our righteous martyrs on the road to Jerusalem, and we pray for the wounded and injured to recover quickly, and we call on our honorable people to be aware of the rumors and false and misleading information that some parties are spreading in a way that serves the psychological war in favor of the Zionist enemy, especially since this is accompanied by the Zionist enemy's intimidating and threatening speeches and what it calls changing the situation in the north.
We confirm that the resistance at all levels and various units is at the highest level of readiness to defend Lebanon and its steadfast people.
Mercuria shipping head says fuel shortages could idle 10% of global fleet
This would trigger immediate and severe breakdowns in global supply chains, as container ships, tankers, and bulk carriers sit idle, halting the movement of food, fertilizer, fuel, and critical imports that modern economies depend on.
"The shipping sector is fast approaching a fuel crisis that could paralyze a tenth of the global fleet, Larry Johnson, global head of freight at commodities trading house Mercuria, said in an interview.
Since the Middle East war erupted, markets have been preoccupied with potential shortfalls in the diesel and jet fuel traditionally exported in large quantities from the Persian Gulf.
However, as refiners strain to capture soaring clean product cracks, residual fuels have suffered. Increasingly, feedstocks have been held back from the marine fuel market to kept for further processing, leaving the shipping sector at risk of crippling shortages, Johnson said.
"My view on marine fuel...
Inflation in Europe is rising rapidly:
Eurozone Manufacturing PMI Input Prices spiked to 80 points in May, the highest since May 2022.
This also marks the largest monthly increase in costs for firms over the last 4 years.
Furthermore, PMI Output Prices surged to 62 points, the highest in 3.5 years.
The rate companies are increasing the prices they charge for goods they produce has surged +12 points, or +24%, since the start of 2026.
This surge has been primarily driven by rising energy and raw material costs.
Meanwhile, supply chain delays are up to the highest level since the pandemic supply squeeze of 2022, adding further pressure on prices.
As a result, factories are forced to pass higher costs on to customers, which will push inflation even higher over the next few months.
Price pressures across Europe are accelerating.
(@TheKobeissiLetter)
US inflation is set to rise further:
ISM Services Prices rose +0.6 points in May, to 71.3, the highest since August 2022.
Since February, the index has risen +8.3 points, the biggest 3-month increase since 2021.
Diesel, gasoline, oil, and related commodities were the most frequently cited as "up in price" in the survey.
In May alone, no commodities were reported as "down in price."
Historically, rapidly rising services prices have led CPI inflation with a ~3-month lag.
The current reading suggests CPI could rise above 5.0% for the first time since early 2023, from the 3.8% seen in April.
Inflation pressures are mounting.
(@TheKobeissiLetter)
