Author: Press Room

The Middle East escalation has cut off a number of American allies from the vital Strait of Hormuz Oil producers in the Gulf region have lost an estimated $15.1 billion in energy revenues since the launch of the US-Israeli strikes on Iran, the Financial Times reported on Friday, citing estimates by analytics firm Kpler.The US and Israel conducted coordinated strikes on the Islamic Republic in late February, triggering Iranian retaliatory attacks across the region. The escalating crisis effectively shut down the Strait of Hormuz – a critical route that handles roughly one-fifth of the world’s daily oil and gas supply…

The deaths follow an attack on girls’ elementary school in Minab, in which more than 160 lost their lives A strike on a residential area in the Qods suburb of Tehran has killed least two children, local officials have said. An attack on girls’ elementary school in Minab on the first day of the US-Israel war on Iran led to more than 160 losing their lives.The bombing in Qods also left some 17 people wounded, a Tehran Province emergency services statement on Friday. The injured, ten of whom were women, have been rushed to hospital, it added.The emergency services have…

International Man: As inflation accelerates and the US dollar drifts toward its intrinsic value, how does that enrich asset owners while eroding wage earners’ purchasing power? Doug Casey: Inflation has always benefited rich asset owners at the expense of current earners. That’s true for several reasons. First, the earners have to pay taxes on the money as it comes in, but asset owners don’t pay tax on the increase in value of their property until they sell. And then it’s at lower capital gains rates. Second, even though earners typically don’t keep up with the rate of inflation, they’re constantly pushed into…

On Wednesday’s broadcast of CNN’s “The Source,” Sen. John Fetterman (D-PA) stated that The New York Times is “trying to convince America” that Operation Epic Fury “has been a disaster or things are out of control, and that’s just categorically not true on that.” During a discussion on media coverage of Iran, Fetterman said, “I don’t know what your network has talked about, but what I’m saying [is] that, whether, like, it’s The New York Times, they’re making it more and more trying to convince America that this has been a disaster or things are out of control, and that’s just categorically…

U.S. economic growth in the fourth quarter was much weaker than first reported, with revised data Friday showing gross domestic product rose at a 0.7 percent annual rate instead of the previously estimated 1.4 percent. The downward revision reflected weaker exports, softer consumer spending, lower government spending, and less investment than initially estimated, according to the Commerce Department. Trade also looked less supportive than in the first estimate: exports were revised lower, while imports fell by less than previously reported, reducing the boost to growth from trade. Consumer spending was revised lower largely because of weaker services spending, especially on…

An illegal alien, released into the United States by the Biden administration, is accused of murdering his three-year-old nephew after the toddler’s illegal alien mother abandoned him in the United States when she was deported in January. Illegal alien Samuel Antonio Maldonado-Erazo was arrested and charged with manslaughter in Escambia County, Florida, this month. According to police, Maldonado-Erazo had recently taken custody of his three-year-old nephew after his sister, Wendy Esther Hernandez Reyes, was deported on January 26 of this year and chose not to bring her son with her. Police said Maldonado-Erazo brought his nephew to work with him and ignored signs…

A Lebanon-born US citizen died after crashing his car into a Detroit-area Jewish house of worship The Lebanese-born suspect in Thursday’s attack on a Detroit-area synagogue reportedly lost family members to an Israeli strike earlier this month, a local official has said.The body of Ayman Mohamad Ghazali, 41, was found at Temple Israel in West Bloomfield Township, Michigan, after he allegedly rammed his car into the building. Armed guards responded by firing at the vehicle. The Department of Homeland Security identified him, stating he entered the US in 2009 and was naturalized as a US citizen in 2016.While officials said…

Thursday on “The Alex Marlow Show,” Under Secretary of War Emil Michael discussed A.I. Michael said, “I spent three months with Anthropic…it was clear that they just wanted to get in between the command structure and the war fighter.” The Alex Marlow Show, hosted by Breitbart Editor-in-Chief Alex Marlow, broadcasts coast to coast on weekdays from noon to 1 p.m. Eastern on the Salem Radio Network stations. You can listen to the radio show online here. The show also airs at 9 p.m. Eastern on the Salem TV news channel. Marlow’s podcast, The Alex Marlow Show Presented by Breitbart News, is…

A Trump administration official told Breitbart News that Chinese officials have now threatened to detain Panamanian-flagged vessels in China, something that could disrupt global commerce and represents retaliation against Panama for recent developments taking control of the two ports on either end of the Panama Canal out of the hands of a Hong Kong company controlled by the Chinese Communist Party (CCP). The threat, which was relayed to the Panamanian consulate in Greece by a major Greek shipping company and reported back to the American government before this official told Breitbart News of it, represents a significant escalation by the…

A gunman is dead and two people are injured after an attack just before 11:00 a.m. Thursday in an Old Dominion University business school building in Norfolk, Virginia. The Cumberland Times-News/AP reported the two injured persons were transported to a hospital. WAVY reported that an alert was sent to students: “O.D.U. Urgent Alert: Active threat reported at Constant Hall. Follow Run-Hide-Fight protocols. Emergency personnel responding. Avoid area.” ODU sophomore Logan Hayes was taking a test when the alert went out and heard the attack occur. He said, “I heard about a multitude of gunshots go off and people just screaming.” There is no word…