What Caused the Collapse of Silicon Valley Bank?

The Nigerian military announced on Monday that about 100 US troops have arrived in Nigeria to help train Nigerian soldiers as the Trump administration continues to deepen US involvement in the country. The 100 troops are the first to arrive as part of a deployment of 200 US soldiers to Nigeria, which was announced by […]

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...