Money versus Monetary Policy

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...

'Toxic Indoctrination': Dept Of War Cuts Fellowships At 13 'Elite' Universities Authored by Gabrielle Temaat via The College Fix, The U.S. Department of Defense announced the cancellation of its military education fellowships at 13 top universities on Friday, citing “toxic indoctrination.” “We are eliminating certain Senior Service College (SSC) Fellowship programs for the 2026-2027 academic year and beyond. I am also directing the compilation of a revised list of elite institutions offering equivalent programs to replace those eliminated,” the agency wrote in a memo to Pentagon leadership.  It said this change will give leaders “a...

Trump Cryptically References US Intercepted Chinese 'Gift' To Iran President Trump made an interesting and somewhat cryptic China reference in a series of Tuesday morning Iran-related statements, given to CNBC. He stated that US forces recently intercepted a vessel carrying what he described as a "gift" from China to Iran as Tehran seeks to rebuild its military during a ceasefire. via Flickr The ship had "a gift from China" which "wasn’t very nice," Trump told CNBC. "I was a little surprised," he said, adding that he believed he had an "understanding" with Chinese...