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First Two Ships Pass Through Strait Of Hormuz Since Ceasefire As Iran Demands Payment In Crypto
First Two Ships Pass Through Strait Of Hormuz Since Ceasefire As Iran Demands Payment In Crypto
Last night we reported that no less than 800 ships were still trapped in the immediate aftermath of the US-Iran ceasefire agreement, unsure what the fine print of the deal meant for transits. This morning we are down to ~798, after the first two cargo vessels have crossed the Strait of Hormuz since the ceasefire, according to ship tracking data.
The Liberia-flagged Daytona Beach, destined for the United Arab Emirates, crossed just before 8am UK time, while...
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Apr 20, 2026 / Tyler Durden
Powerful 7.5-Magnitude Quake Hits Northern Japan, Triggers Tsunami Warnings
Powerful 7.5-Magnitude Quake Hits Northern Japan, Triggers Tsunami Warnings
A powerful and shallow 7.5-magnitude earthquake struck off Japan's northeast coast, triggering a tsunami at Kuji Port in Iwate Prefecture.
Public broadcaster NHK initially warned that a tsunami up to 10 feet high was expected to hit the Iwate area on Honshu's main island. However, so far, it has been reported to be about 31 inches high.
The quake was reported shortly before 17:00 local time, rattled towers as far away as Tokyo, and forced the suspension of Shinkansen high-speed rail services in...
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Mar 25, 2026 / Tyler Durden
Volkswagen May Convert German Auto Plant Into Iron Dome War Factory
Volkswagen May Convert German Auto Plant Into Iron Dome War Factory
Struggling German automaker Volkswagen may soon begin transforming its Lower Saxony factory from producing T-Roc Cabriolets to manufacturing parts for the Iron Dome missile interceptor system, according to a new Financial Times report. This reveals a new reality for the West: a nation's auto industry can become a dual-use industrial base in times of conflict.
FT reports that Israel's Rafael Advanced Defence Systems is in talks with VW regarding its troubled Osnabrück plant to produce Iron Dome components.
"The aim is to...
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Apr 30, 2026 / Gustave de Molinari
The Production of Security
Molinari opens by establishing that humans have a fundamental need for security of their persons and property.
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