Shortages Inflation & Water Wars

Oil prices jump most in nearly a year after Iran launches missile attack at Israel https://finance.yahoo.com/news/oil-prices-jump-most-in-nearly-a-year-after-iran-launches-missile-attack-at-israel-173122954.html Oil prices spiked on Tuesday after Iran fired a series of ballistic missiles at Israel, pushing prices to the highest level in nearly one year. West Texas Intermediate (CL=F) rose more than 5% to trade just below $72 per barrel. Brent (BZ=F), the international benchmark price, also climbed roughly 5% to hover firmly above $75 per barrel. One concern around the crude market's rise is the impact it could have on inflation, as higher energy prices over the long term can often increase input costs for goods and services. This could potentially lead to more price increases across the board, including non-energy categories.

JUST IN - Iran warns of "crushing response" if the "Zionist regime dares to respond" to the Iranian ballistic missile attack. UPDATE - IDF Spokesman says "no additional threats identified from Iran at this time. People can leave bomb shelters." @disclosetv

BREAKING - Biden orders US military to aid Israel, shoot down Iranian missiles: White House READ: https://t.co/vrn324k4GV Get the scoop first! Follow Insider Breaking News https://t.me/+6xC-vsqc6UZkYzQ0

Fill up your gas tanks now to beat coming gas price increases.

Iran fires hundreds of missiles toward Israel in largest attack yet https://www.jpost.com/breaking-news/article-822842 Some 400 rockets were launched onto Israel on Tuesday night by Iran, the Jerusalem Post understands, following rocket alerts sirens which blared throughout the country.

NOW - Iranian ballistic missiles strike Israel. @disclosetv

BREAKING - EXPLOSIONS HEARD OVER JERUSALEM Get the scoop first! Follow Insider Breaking News https://t.me/+6xC-vsqc6UZkYzQ0

Major hits!

🇮🇷🇮🇱⚡️- Missile's hitting targets on the ground in Tel Aviv

🇮🇷❌🇮🇱❗️ — Footage shows dozens of Iranian Ballistic Missiles raining over Israel minutes ago

102 missiles fired from Iran towards Israel https://www.jpost.com/breaking-news/article-822841 102 missiles were fired from Iran towards Israel on Tuesday night at 7:39 p.m.

JUST IN - Air raid alerts across Israel. Iran has launched ballistic missiles, the Israeli military says. https://x.com/IDF/status/1841154993216208937 @disclosetv

Iran preparing imminent missile attack against Israel: Senior U.S. official https://www.axios.com/2024/10/01/iran-missile-attack-israel The U.S. has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel, a senior White House official tells Axios. Tehran has been vowing retaliation after a series of recent Israeli assassinations. The White House believes it is about to begin, and is already warning of "severe consequences" for Iran. Iran is expected to use ballistic missiles that could reach Israel within 12 minutes rather than drones or cruise missiles that allow for more time to prepare a defense and intercept them.

Israeli Troops Begin Ground Offensive Against Hezbollah in Lebanon https://www.newsweek.com/israeli-troops-ground-offensive-hezbollah-lebanon-1961705 The Israel Defense Forces (IDF) have announced the beginning of a ground offensive into Lebanon to battle Hezbollah after nearly a year of worsening cross-border violence linked to the ongoing war in the Gaza Strip. "In accordance with the decision of the political echelon, a few hours ago, the IDF began limited, localized, and targeted ground raids based on precise intelligence against Hezbollah terrorist targets and infrastructure in southern Lebanon,"... "These targets are located in villages close to the border and pose an immediate threat to Israeli communities in northern Israel." The operation was said to be supported by IDF air and artillery strikes. The offensive comes just days after massive Israeli airstrikes killed longtime Secretary-General Hassan Nasrallah in the southern Beirut suburb of Dahiye,... In Syria, blasts attributed to Israeli airstrikes were reported in Damascus,...

Beware of the toilet paper wars🤪

Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages https://apnews.com/article/port-strike-ila-dockworkers-begins-e5468e760f46a64e4322d1702beb1f72 Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks. Workers began picketing at the Port of Philadelphia shortly after midnight with signs that read “Fight automation, save jobs, ILA demands” and “Automation hurts families. The U.S. Maritime Alliance, which represents the ports, said Monday evening that both sides had moved off of their previous wage offers, but when picket lines went up just after midnight, it was apparent that no deal had been reached. ILA members make a base salary of about $81,000 per year, but some can pull in over $200,000 annually with large amounts of overtime. Monday evening, the alliance said it had increased its offer to 50% raises over six years, and it pledged to keep limits on automation in place from the old contract. The union wants a complete ban on automation. If it goes more than a few weeks, a work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses.

Prepare to see empty shelves due to the East Coast port strike.

Teamsters tell Biden not to interfere in Longshoreman port strike.

Massive Verizon outage: Customers nationwide left without service, phones in 'SOS mode' https://mashable.com/article/verizon-outage-customers-nationwide-down-service A massive Verizon outage has caused widespread, nationwide connectivity issues for customers across the U.S. Based on Google Trends, there's been an uptick of people searching for, "Why is my phone in SOS?" This captures the experience that numerous Verizon users have been reporting; many have claimed that their phones are now limited to SOS service. According to DownDetector's heat map, it appears that outages are concentrated in the following states: New York, Florida, Georgia, Kansas, and North Carolina. A site that has been tracking the issue claims that outage reports began piling up at around 9:04 am ET. According to a report from Reuters, the Federal Communications Commission (FCC) said it is "working to determine the cause and extent of these service disruptions."