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OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens

OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.  Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...
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Jun 6, 2026 / Tyler Durden
US Intercepted Fresh Iranian Ballistic Missile Attacks Overnight As Tehran Blasts 'Ceasefire Violations'
US Intercepted Fresh Iranian Ballistic Missile Attacks Overnight As Tehran Blasts 'Ceasefire Violations' Summary Iran's foreign ministry says US overnight action, especially bombing coastal radar facilities, is a violation of ceasfire. New nighttime salvo of missiles on Kuwait, Bahrain: Six ballistic missiles fired at Bahrain and Kuwait were intercepted, CENTCOM said. Overnight flare-up started with Iranian attack drones in Strait being intercepted by US forces. Trump admits Iran still has some 20% of its missile arsenal: "It’s a lot of missiles, but it’s not what it was when we first attacked." (CNBC) US x Iran permanent...
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May 2, 2026 / Tyler Durden
Spirit Airlines 'Bites The Dust' As All Flights Canceled
Spirit Airlines 'Bites The Dust' As All Flights Canceled The collapse of bankrupt Spirit Airlines is now official. After several failed attempts by the Trump administration to engineer a rescue package, including a proposed $500 million financing deal that could have left the U.S. government with control of up to 90% of the budget carrier, negotiations broke down late this week. By Saturday morning, Spirit had begun winding down operations, with all flights canceled and the carrier entering liquidation mode. The outcome marks the final flight for the budget airline, crushed by...
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May 25, 2026 / Tyler Durden
"The World Is Losing Trust": Foreign Investment In Germany Plunges To Lowest Level Since 2009
"The World Is Losing Trust": Foreign Investment In Germany Plunges To Lowest Level Since 2009 Authored by Thomas Brooke via Remix News, Foreign companies are continuing to shy away from investing in Germany, with the number of new projects falling last year to its lowest level since 2009, representing an eighth consecutive annual decline. An analysis by the auditing and consulting firm EY, reported by the German Press Agency, found that foreign investors announced 548 new projects in Germany in 2025. That was 10 percent fewer than the year before. Henrik Ahlers, the head...
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