PODCAST: Why This Recession is Different

UAE Slips Hidden Oil Tankers Through Straits Of Hormuz While conventional wisdom, especially after Trump's counter-blockade of Iran's blockade, that the Strait of Hormuz is completely blocked, the reality is that the UAE is now running loaded crude tankers through the Iranian-controlled Strait of Hormuz with transponders switched off - just like sanctioned Iranian ghost fleets in the pre-war period - just to pry loose a fraction of the oil bottled up in the Gulf. According to shipping data reported by Reuters, industry sources, and satellite tracking, Emirati state-owned energy giant...

The Iranians are sending their cheapest and oldest missiles first, to deplete the US' stock of interceptor missiles. Then Iran will send its newer, better missiles.

Iran’s air defense system succeeded on Friday, April 3, in downing a US F-15E over Iran. There is some dispute and confusion about the exact location (more about that later). The pilot and the WSO (i.e., Weapons System Officer) both successfully ejected but were separated. The pilot was quickly rescued by the Combat Search and […]