April 3, 2026

This is a developing story. A United States fighter jet has been shot down over Iran, a U.S. official told Reuters. A search-and-rescue effort for survivors involving numerous U.S. aircraft is currently underway.The official, who spoke to Reuters on the condition of anonymity, did not provide any additional details on…

Summary World’s most important oil price hits record high as Trump threatens Iran: “make a deal before it’s too late.” Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain US intelligence assessments say Iran is not ready to negotiate, given…

U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical “buy-on-conflict” trade had largely peaked in the weeks before in anticipation of tougher action by President Donald Trump.The NYSE Arca Defense index, which includes 34 small and large-cap U.S. companies, fell nearly 8% in…

A bipartisan group of senators on Thursday reaffirmed America’s commitment to NATO, just a day after President Donald Trump threatened to abandon the transatlantic alliance amid a standoff over the Strait of Hormuz.Trump said he viewed U.S. membership in the defense pact as not merely up for debate but “beyond…

Defense Secretary Pete Hegseth on Thursday signed a directive allowing service members to request permission to carry privately owned firearms on military installations while off duty, the Pentagon said in a statement.“The War Department’s uniformed service members are trained at the highest and unwavering standards. These warfighters — entrusted with…

This article was originally published by Connor O’Keeffe at The Mises Institute.  Last Saturday, the third so-called “No Kings” protest took place in cities across the US. Left-leaning protestors again took to the streets to show everyone how much they oppose Trump. Going all the way back to 2017, the center-left and…

Defense Secretary Pete Hegseth on Thursday asked U.S. Army Chief of Staff Gen. Randy George to step down and retire effective immediately, a Pentagon official told Military Times. The abrupt move cuts short George’s tenure, which began in September 2023, well before the end of the typical four-year term. The…

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