Trump Says NATO ‘Making a Very Foolish Mistake’ for Not Joining War Against Iran

Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Summary: Kuwait Petroleum CEO says Energy Production to Ramp in a Week  Iran Media says Southern Ports Traffic Begins Normalizing  Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Searching For Hormuz Normalization Signals  Attention on institutional desks is shifting toward normalization signals at the Strait of Hormuz maritime chokepoint. At the time of writing at least 14 transits through the Strait of Hormuz were recorded on Thursday June 18 -...

Shipping traffic through the Strait of Hormuz remains at a minimum as President Donald Trump claims the crucial waterway is open.  The tracking agency Kpler reported on Tuesday that 32 ships transited the Strait between Friday and Monday, including just six on Sunday. 17 of the vessels used Iranian-approved shipping lanes, with only 11 using […]

EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports The EU - which is badly lagging the rest of the world when it comes to AI development - is preparing sweeping emergency powers to intervene in Europe’s semiconductor supply chains during shortages, including by forcing chipmakers to override existing contracts, the FT reported. So much for the sanctity of those "contract-backed" backlogs...  The draft law also enables common purchasing to boost the bloc’s negotiating power, and would mark a clear expansion of the EU’s powers to...