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"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran
"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran
Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran’s response, according to three industry sources and Reuters.
Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows.
Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the...
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Apr 24, 2026 / Tyler Durden
Why Did China Reserve A Vast Offshore Airspace For 40 Days Without Explanation?
Why Did China Reserve A Vast Offshore Airspace For 40 Days Without Explanation?
Authored by via The Epoch Times,
China has imposed a 40-day offshore airspace restriction larger than Taiwan without explanation, signaling a potential shift toward sustained military readiness near Japan and U.S. allies.
China filed Notices to Air Missions (NOTAMs) reserving offshore airspace in the Yellow Sea and East China Sea from March 27 to May 6, a 40-day window, without announcing any military exercises or offering a public explanation. The reserved zones cover an area larger than Taiwan’s main...
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Mar 24, 2026 / Tyler Durden
"Emergencies" Requiring Coal Plants To Stay Open Need Not Be Imminent, DOE Tells Court
"Emergencies" Requiring Coal Plants To Stay Open Need Not Be Imminent, DOE Tells Court
By Ethan Howland of UtilityDive
The U.S. Department of Energy’s secretary has broad authority under the Federal Power Act to declare emergencies to keep power plants from retiring, and those emergencies don’t have to be imminent, DOE told a federal appeals court last week in response to challenges over its orders keeping a Michigan coal plant online.
“The statute’s text grants the Secretary discretion to determine that an emergency exists,” DOE said in a March 17 brief...
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May 18, 2026 / Tyler Durden
Iran Counter-Blockade Bites As No Tankers Load At Kharg For 10th Day
Iran Counter-Blockade Bites As No Tankers Load At Kharg For 10th Day
Earlier today, in response to news that the number of tankers anchored at Iran's Kharg Island oil terminal had hit a post-blockade peak, we wondered if this means that Iran is running out of tankers to store oil, i.e., Trump' blockade of the blockade is working. In any case, it certainly means that Iran is no longer able to sell any of the oil, depriving it of much needed oil export revenues which it has found itself forced to...
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