For seven months, the coverage of the war with Iran has been about oil: tanker counts, the price of Brent, how much is left in the Strategic Petroleum Reserve. Hardly anyone outside the fertilizer trade has noticed that the Strait of Hormuz also carries close to half of the world’s seaborne sulfur. Sulfur is not...

Benjamin Netanyahu likes to translate Israel’s grief into American. At the United Nations last month, he took the dead of October 7 and multiplied them by the ratio of America’s population to Israel’s. The 1,200 Israelis killed that day, he said, were “equal to 40,000 innocent Americans slaughtered in less than 24 hours. That’s 16 […]