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Supertanker Rates Hit Six-Year High: Here's What Driving It
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...
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Apr 21, 2026 / Tyler Durden
Ukraine Seeks To Import African Migrants To Fill Labor Shortage After 100s Of 1000s Dead Or Wounded At The Front
Ukraine Seeks To Import African Migrants To Fill Labor Shortage After 100s Of 1000s Dead Or Wounded At The Front
Via Remix News,
Volodymyr Zelensky’s head of his Presidential Office in Ukraine, Kyrylo Budanov, has announced plans to import migrant laborers from Africa. Essentially, this entails Ukraine establishing new laws for the legal entry and residence of foreign workers.
The government will introduce a new list of “migration-risk” countries to facilitate this plan, according to remarks Budanov made at the CEO Club Ukraine.
“They enter, obtain documents, and then move on. This is a problem...
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Mar 30, 2026 / Tyler Durden
US Fighter Jets Intercept Civilian Aircraft Flying Near Trump's Mar-a-Lago
US Fighter Jets Intercept Civilian Aircraft Flying Near Trump's Mar-a-Lago
Authored by Aldgra Fredly via The Epoch Times,
The North American Aerospace Defense Command (NORAD) said F-16 fighter jets intercepted a plane that entered restricted airspace near President Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida, on March 29.
The civilian aircraft entered a temporary flight restriction zone near the estate at about 1:15 p.m. ET, prompting fighter jets to dispense flares in response, which were visible to the public, NORAD said in a press release.
NORAD said the flares were intended to...
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Mar 13, 2026 / Tyler Durden
"Negotiations Underway": Cuban President Acknowledges U.S. Talks Amid Fuel Supply Crisis
"Negotiations Underway": Cuban President Acknowledges U.S. Talks Amid Fuel Supply Crisis
Cuban President Miguel Díaz-Canel stated on state television that his government has entered talks with the Trump administration, aimed at "finding solutions through dialogue" to longstanding bilateral differences between the two neighboring countries. This admission comes as the Caribbean island faces crude oil and diesel stockpiles running dry by the end of the month, after Trump's multi-month crude shipment blockade sharply tightened pressure on the communist regime in Havana.
In a speech broadcast on Cuban state TV, Díaz-Canel said...
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