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US Navy May Escort Tankers Through the Strait of Hormuz
President Trump said on Tuesday that the US would provide insurance and naval escorts for tankers transiting the Strait of Hormuz after Iran’s Islamic Revolutionary Guard Corps (IRGC) declared the waterway was closed, a response to the US and Israeli attack on Iran. “Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) […]
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Apr 1, 2026 / Will Porter
Iran Relaxes Restrictions on Hormuz Strait
The Iranian government has allowed a number of foreign vessels to transit the Strait of Hormuz in recent days, with some reports stating that a one-month permit had been granted to certain ships. Once a conduit for much of the world’s oil supply, the strait was effectively closed by Tehran in response to US and […]
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Apr 7, 2026 / Tyler Durden
US Already Spent Over $42 Billion & Counting On Iran War
US Already Spent Over $42 Billion & Counting On Iran War
This week will see the Iran war reach 40 days of fighting, which is a far cry from the mere "four days" some US administration officials offered as a possible 'optimistic' timeline at the very opening of Trump's Operation Epic Fury.
According to the Iran War Cost Tracker portal, the US military operation has cost more than $42 billion thus far. The tracker has arrived at this figure largely based on a Pentagon briefing to Congress on March 10, which disclosed...
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Mar 23, 2026 / Tyler Durden
Chicago Approves 19% Hotel Tax To Fund Tourism Push
Chicago Approves 19% Hotel Tax To Fund Tourism Push
The Chicago City Council has approved a plan to boost tourism marketing by raising hotel taxes. Under Ordinance 2026-0022544, the total tax rate on hotel rooms will increase from 17.5% to 19% in downtown and nearby areas, according to Fox News.
The higher rate will apply to hotels with more than 100 rooms that choose to participate.
The report says that alongside the tax increase, the council created a Tourism Improvement District (TID) to fund Choose Chicago, the city’s tourism marketing organization. Revenue...
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