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Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity
Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity
The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.
Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...
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Jul 8, 2026 / Tyler Durden
Trump Tells Bessent To Halt US Trade With Spain, Calls Madrid A "Wasted Cause"
Trump Tells Bessent To Halt US Trade With Spain, Calls Madrid A "Wasted Cause"
During a NATO summit in Ankara, President Trump instructed Treasury Secretary Scott Bessent to cut off trade with Spain over defense spending.
"I didn't speak to Spain. Spain is a wasted cause. We don't want to do any trade business with Spain anymore," Trump told reporters.
"By the way, I'd like you to cut it off," the president said, turning to Bessent, who replied: "Yes, sir."
Trump then added, "Take it immediately. Don't even talk to them. They're...
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Mar 29, 2026 / Tyler Durden
Trump Asks Congress To Pass Clean Reauthorization Of FISA Spy Powers
Trump Asks Congress To Pass Clean Reauthorization Of FISA Spy Powers
Authored by Joseph Lord and Nathan Worcester via The Epoch Times,
President Donald Trump asked Congress this week to pass a clean reauthorization of a critical—but controversial—spying authority as the U.S. military operation in Iran continues.
“I have called for a clean 18-month extension,” Trump wrote in a post on Truth Social, noting that Senate Majority Leader John Thune (R-S.D.) and House Speaker Mike Johnson (R-La.) are working toward passing such a bill.
Specifically, Trump is asking Congress to extend the authorities...
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May 1, 2026 / Tyler Durden
New California DMV Rules Allow Autonomous Vehicles To Be Cited
New California DMV Rules Allow Autonomous Vehicles To Be Cited
Authored by Lear Zhou via The Epoch Times (emphasis ours),
SAN FRANCISCO—Driverless vehicles such as Waymo robotaxis could be ticketed for moving violations, according to updated autonomous vehicle (AV) regulations approved by the California Department of Motor Vehicles (DMV) on April 28, to enhance safety, oversight, and enforcement requirements.
Waymo driverless vehicles charge at a Waymo charging station in Santa Monica, Calif., on May 30, 2025. Daniel Cole/Reuters
The new rules allow law enforcement agencies to cite the companies that own the AVs...
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