The Dutch Title Transfer Facility (TTF), Europe’s main benchmark for natural gas prices, rose to above €135 ($132) per megawatt-hour on Thursday, the highest in three weeks. The rise was triggered by concerns about delayed US LNG supplies. The EU's dependence on US gas has increased after the bloc imposed an energy embargo on Russia.
"At present, the EU is in line with the energy policy of the US, which does not seek to strengthen Europe and strives to deepen [the bloc's] dependence on American oil and liquefied natural gas (LNG). Since the beginning of the shale revolution, the US has been interested in diversifying its oil and gas supplies and arbitrating prices between the EU and the Asia-Pacific region," said Pavel Katyukha, associate professor of the Department of Oil and Gas Trading and Logistics at Gubkin Russian State University of Oil and Gas.
Katykha believes that during the next two or three years, Europe will face an energy crisis. According to him, this crisis could end in the collapse of the entire European economy, which was built on cheap Russian energy resources.......
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US Army Secretary Dan Driscoll is preparing to leave the Trump administration after what a new report has described as months of tension with Secretary of War Pete Hegseth, potentially triggering another change at the army’s top echelons.
According to the Friday report by The Wall Street Journal, Driscoll is expected to step down before the end of the year and could leave his post earlier. The newspaper cited people familiar with discussions over his departure.
The Journal reported that Driscoll and his family vacated the official residence assigned to the army secretary at Joint Base Myer-Henderson Hall this summer, a move that could indicate he was preparing to leave the position.
The reported departure would come at a time of continuing uncertainty at the top echelons of the army.
Hegseth abruptly removed Army Chief of Staff Gen. Randy George in April, while Trump has not yet nominated a permanent successo....more below
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The Islamic Revolution Guards Corps (IRGC) warns the enemies that any act of aggression against the Islamic Republic will not go unanswered.
In a statement on Thursday, the IRGC issued a “stern warning” to the enemies after US forces launched strikes against the southern Iranian port city of Bandar Abbas.
Following the US military attack on a point on the outskirts of Bandar Abbas Airport with aerial projectiles, the IRGC carried out new strikes targeting the US air base from which the attack originated in the wee hours of Thursday, it added.
“This response is a serious warning to the enemy that they should know the act of aggression will not go unanswered,” the IRGC emphasized.
The elite military force warned of a “more decisive” response if the enemy repeated any act of aggression.
It also said the responsibility for the consequences of any IRGC response lies with the aggressor.
The statement comes after the IRGC Navy on Thursday forced an American tanker to turn back. The tanker ...
