British Tourist Faces Prison Sentence in UAE for Filming Iranian Missiles

SBA Sends 562k Pandemic Loans To Bessent For Collections Totaling $22 Billion The U.S. Small Business Administration (SBA) has announced a sweeping enforcement action targeting suspected pandemic-era loan fraud, referring more than 562,000 borrowers tied to $22.2 billion in delinquent loans to the U.S. Department of the Treasury for collection, according to the Small Business Association. The move marks the largest referral package in the agency’s history and signals a major escalation in federal efforts to recover funds distributed through COVID-19 relief programs. The loans in question stem from the Paycheck...

Russia Answers Drone Attacks With War On Ukrainian Ports, Maritime Shipping The Russian Defense Ministry (MoD) has an 'answer' to Ukraine's recent long-range drone attacks, which have wreaked havoc on oil production and most recently online retailers and manufacturing. Ukraine has also been attacking Russian ships elsewhere in the Black Sea as well as Sea of Azov. The MoD has announced a fresh wave of strikes targeting multiple Ukrainian port installations and Black Sea shipping targets, which represents a sharp escalation in Moscow's ongoing campaign to choke off regional logistics, and...

Kuwait Declares Force Majeure As US Seizure Of Iranian Ship Escalates Tensions By Charles Kennedy of OilPrice.com Kuwait has declared force majeure on shipments of crude oil and refined products after disruptions at the Strait of Hormuz prevented some vessels from entering the Persian Gulf. The move comes as tensions in the Strait escalated again following the U.S. seizure of an Iranian-flagged cargo vessel in the waterway. According to Reuters, Kuwait Petroleum Corporation has notified customers that it is invoking contractual clauses allowing it to withhold certain scheduled deliveries after the blockade hindered...