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Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN
Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN
Over the long weekend, we reported that with traffic across the Hormuz strait continuing to rise, and reaching the highest since the war began, one particularly favorable development was Iran's permission for Iraqi ships to use the Strait. We also noted that this declaration had the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes.
That said, there was the caveat that it was not immediately clear...
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Apr 2, 2026 / Dave DeCamp
US-Israeli Strikes in Tehran Damage Orthodox Church
US-Israeli strikes in Tehran on Wednesday damaged a Russian Orthodox Church, the Russian Embassy in Iran has said, as the bombing campaign continues to have a devastating impact on civilians. “Two missile strikes on the morning of April 1st in the immediate vicinity of St. Nicholas Orthodox Cathedral in Tehran caused damage to the main […]
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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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Jun 29, 2026 / Jason Ditz
Key Lebanese MPs Fault Israel Deal as IDF Continues to Attack South
Well-connected members of the Lebanese parliament have warned that Friday’s trilateral peace deal meant to end the ongoing Israeli invasion of southern Lebanon will not end up being implemented, with Speaker Nabih Berri saying the deal would risk fueling internal division. Druze politician Walid Jumblatt went further, saying that not only had the officials who […]
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