War

Putin has announced that Russia is gearing up to take “all necessary (military) measures” to counter NATO aggression, and will not hesitate to use military force against incidents of “intimidation” such as the US naval destroyer that recently sailed close to the Russian border. Russia’s NATO Ambassador Alexander Grushko warned participants at a meeting of the military alliance, “This is about attempts to exercise military pressure on Russia. We will take all necessary measures, precautions, to compensate for these attempts to use military force“.

A top Israeli military leader issued a warning to the Lebanese militant group Hezbollah on Wednesday, saying any future war between the two enemies will unleash “devastating” damage on Lebanon. Yahoo News reports: Maj. Gen. Yair Golan, Israel’s deputy chief of staff, told foreign journalists that Hezbollah has developed capabilities that present “unprecedented” threats to Israel. Israel estimates the group has over 100,000 rockets and missiles in its arsenal. Golan said any future war will be “much harsher” than anything experienced in the past 20 years.

Via GEFIRA,

The US Supreme Court has upheld a judgment allowing families of victims of Iranian-sponsored terrorism to collect nearly $2 billion in compensation. The court ruled 6-2 in favor of relatives of the 241 Marines who died in a 1983 terrorist attack in Beirut and victims of other attacks that the courts also linked to Tehran. The issue however, is not whether Iran should pay, but whether Congress has infringed upon the territory of the judiciary by essentially awarding damages.

Here we go again...OIL PRODUCERS MEETING TO REVIVE OUTPUT FREEZE PROPOSAL: IRAQ

Seriously - are we really going to start this again!???

• *OPEC, OTHER PRODUCERS TO MEET IN RUSSIA POSSIBLY IN MAY: IRAQ
• *IRAQ SEES OIL PRICES RISING SLOWLY DESPITE DOHA TALKS OUTCOME
• *IRAQ OIL EXPORTS TO STAY AT 3.9M B/D IN MAY: DEP. OIL MINISTER

Of course the algos love it...