PODCAST: DHP Villains: Woodrow Wilson, Part 10

Israel is attacking the Lebanese capital city of Beirut this evening after Hezbollah reportedly took credit for rocket fire against the Israeli city of Haifa. Israeli warplanes have also hit multiple other sites across southern and eastern Lebanon today, including the Bekaa Valley and the Nabatieh District. Details about the extent of the damage in […]

President Donald Trump blasted the UK and Spain for not assisting the US and Israel’s war against Iran. Trump said he ordered the Treasury to cut all dealings with Madrid.  “Some of the European nations have been helpful, and some haven’t, and I’m very surprised,” Trump said during a press conference with German Chancellor Friedrich […]

Supertanker Rates Hit Six-Year High: Here's What Driving It Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability. Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again come into focus as the world's most important energy chokepoint, where any flare-up in a US-Iran...