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Iraq Revives Syria Land Route, Post-Assad, To Export Oil To Europe
Iraq Revives Syria Land Route, Post-Assad, To Export Oil To Europe
Via Middle East Eye
Iraq has restarted overland oil exports through Syria, marking a significant shift in regional energy logistics as the US-Israeli war on Iran continues to wreak havoc on traditional shipping routes through the Strait of Hormuz.
Ali Nazar, director general of Iraq’s state oil marketer Somo, said on Wednesday that the company had agreed to export 50,000 barrels per day of Basra medium crude via Syria to the Mediterranean, with plans to increase volumes. The crude will reach European markets through the Syrian port of...
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May 3, 2026 / Tyler Durden
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies.
A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according to Insider. That included roughly $430 million from selling Megapack battery systems to xAI and another $143 million — primarily vehicle sales — to SpaceX. Some of those purchases included...
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Aug 14, 2026 / Tyler Durden
UMich Sentiment Slumps In August As War Re-Escalated, Inflation Fears Tick-Up
UMich Sentiment Slumps In August As War Re-Escalated, Inflation Fears Tick-Up
Following July's rebound to pre-war levels, the preliminary August University of Michigan Consumer Sentiment index was expected to weaken modestly as the MidEast re-escalated (and with it the price of gas).
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Decreases in sentiment were seen across the political spectrum, with Republicans exhibiting the strongest...
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Jul 23, 2026 / Tyler Durden
Oil Soars As Trump Warns Iran Will Pay For Future Houthi Shipping Attacks, Rubio Rules Out Deal
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US Secretary of State Marco Rubio said Thursday that Iran is "begging for a deal" and "they need to come to their senses," adding that Tehran will "pay a very heavy price for the things they are doing."
Speaking on the sidelines of the ASEAN conference in Manila, he claimed that "Iran is begging us, both directly and indirectly, ‘Let’s do a deal. Let’s talk.'" But there's no public indicators showing this, instead the...
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