United Arab Emirates to leave OPEC+ in May

Source: Yahoo! Finance

“The United Arab Emirates, one of the world’s major oil producers, will leave the Organization of Petroleum Exporting Countries (OPEC/OPEC+) effective May 1, state news agency WAM said Tuesday morning. … The stunning move from Abu Dhabi is likely to deeply shake the oil alliance, which derives much of its power from a strong consensus and its ability to drive global oil prices through the production power of its members.” (04/28/26)

https://finance.yahoo.com/markets/article/united-arab-emirates-to-leave-opec-in-may-dealing-blow-to-oil-bloc-130449643.html

Free Speech is About Individual Liberty, Not Viewpoint Discrimination

Source: Ludwig von Mises Institute
by Wanjiru Njoya

“Supreme Court rulings are significant not only for their decision on who wins, but also for their reasoning. A victory for common sense may sometimes be pyrrhic if it benefits the party who wins the dispute but relies on reasoning that erodes individual liberty in the longer term. In that context, while the outcome in the recent case of Chiles v. Salazar, Executive Director of the Colorado Department of Regulatory Agencies (decided March 31, 2026) was welcomed, the emphasis it placed on ‘viewpoint discrimination’ is unfortunate. It is one more step down the road to conceptualizing free speech as an application of the non-discrimination principle, rather than as an emanation of individual liberty.” (04/28/26)

https://mises.org/mises-wire/free-speech-about-individual-liberty-not-viewpoint-discrimination

Bitcoin rises ahead of Fed decision

Source: CoinDesk

“Bitcoin is trading in a tight range just below $77,000 despite surging oil prices and geopolitical tensions over a potential extended U.S. naval blockade of the Strait of Hormuz. … The Fed announces its rate decision later on Wednesday, the ECB follows Thursday, and the U.S. equity market sold off Tuesday on growing skepticism about the payoff from artificial intelligence capital expenditure, with Nasdaq 100 futures clawing back 0.4% in Asian hours.” (04/29/26)

https://www.coindesk.com/markets/2026/04/29/bitcoin-rises-to-usd77-000-ahead-of-fed-decision-as-trump-preps-for-lengthy-hormuz-block

Russian superyacht sails through Strait of Hormuz despite blockade

Source: BBC News [UK State Media]

“A superyacht linked to one of Russian President Vladimir Putin’s key allies has sailed through the Strait of Hormuz, despite the ongoing blockade of the critical shipping channel. The 142m-long (465 ft) multi-deck luxury boat, named Nord, is linked to sanctioned Russian billionaire Alexei Mordashov. It travelled from Dubai to Muscat, Oman, over the weekend – one of few private vessels to transit through the strait in recent months. Iran held high-level talks with Russia this week as its standoff with the US over the strait’s re-opening continues. Approximately one-fifth of global crude oil and liquefied natural gas (LNG) supplies normally pass through the waterway. Mordashov, who has close ties to Putin, is not listed as the formal owner of the Russian-flagged boat. However, Nord’s records indicate it was registered to a firm owned by his wife in 2022.” (04/28/26)

https://www.bbc.com/news/articles/cm2pn8zdxdjo

Congress Keeps Choosing Inflation

Source: The Daily Economy
by Romina Boccia

“The Republican Party’s victory lap over no tax on tips and no tax on overtime rings hollow, considering persistent public frustration with the cost of living. It doesn’t help that Trump’s tariff war and the war in Iran are further fueling rising prices. And voter frustration isn’t just about recent price changes. It’s also about the lasting damage from the inflation surge of 2021–2022, which pushed the overall price level permanently higher. There’s one cure, however, that Washington continues to miss. Inflation is increasingly driven by unsustainable budget policy, and politicians on both sides of the aisle keep pouring gasoline on the fiscal fire.” (04/28/26)

https://thedailyeconomy.org/article/congress-keeps-choosing-inflation/

Appeals court rules against ICE gang’s detention policy

Source: Politico

“A federal appeals court has rejected the Trump administration’s bid to lock up the majority of people it is seeking to deport without an opportunity for release on bond — even if they have no criminal records and have resided in the country for decades. In a 3-0 ruling, a panel of the New York-based 2nd Circuit Court of Appeals found that ICE’s policy was based on a flawed, implausible and unprecedented interpretation of decades-old laws. But more fundamentally, the panel said the Trump administration’s position would raise acute constitutional concerns by instituting ‘the broadest mass detention-without-bond mandate in our Nation’s history for millions of noncitizens.'” (04/28/26)

https://archive.is/IzTY4

The Fading Trump Presidency

Source: The Dispatch
by Yascha Mounk

“Predicting Donald Trump’s political demise has typically been a fool’s errand. Some of my smartest friends have declared his definitive fall from grace again and again, only to be proven wrong each and every time. … And yet, I have come to the tentative conclusion that this time may, finally, be different. For the past decade, Trump has dominated American politics like no other president in living memory; now, signs of that era coming to a close are suddenly multiplying. It is, as Saturday’s appalling assassination attempt on the president reminds us, impossible to see around the next historical corner. But it sure seems as though Trump’s hold over the country is finally slipping. This, to misquote Winston Churchill, no longer feels like the end of the beginning; it may be the beginning of the end.” (04/28/26)

https://archive.is/R7ii2

A vote of liberty amid Gaza’s ashes

Source: Christian Science Monitor
by staff

“One mark of a maturing democracy is a high proportion of independent voters, unbeholden to organized factions and attuned to unifying a civic community on shared hopes. In the Middle East, such sentiments have risen in recent years, from Iraq to Lebanon and perhaps soon in a newly liberated Syria. But in Gaza? After two years of devastating war? On Saturday, in an election held for the first time anywhere in Gaza in nearly two decades, voters showed a surprising degree of autonomy from the two major Palestinian parties. Balloting was held in only one city, Deir al-Balah, with more than 70,000 people, due to every other city in Gaza being flattened during fighting after the 2023 Hamas attack on Israel. And voting was only for 15 seats in the municipal council.” (04/27/26)

https://www.csmonitor.com/Editorials/the-monitors-view/2026/0427/A-vote-of-liberty-amid-Gaza-s-ashes