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Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns
Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns
The ceasefire deal in the six-week US-Iran conflict remained in doubt by late week, as Israel intensified its bombardment of Beirut, Tehran kept the Hormuz chokepoint closed, and negotiators prepared to meet on Friday even as both sides declared victory.
Reports of attacks on one of Saudi Arabia's Red Sea ports, alongside the continued closure of Hormuz, did little to reassure traders in the overnight session. Risk sentiment remained fragile on Thursday morning, with equities across Asia and Europe...
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May 6, 2026 / Tyler Durden
U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches
U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches
WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and the potential reopening of the Hormuz chokepoint.
At the pump, however, the latest AAA data as of Wednesday morning show that the national average for regular 87-octane gasoline has climbed to $4.50 a gallon, the...
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May 4, 2026 / Tyler Durden
New York Parole Bills Could Free Some Of The State’s Most Notorious Killers
New York Parole Bills Could Free Some Of The State’s Most Notorious Killers
Two parole reform bills advancing in New York are triggering intense debate, with supporters calling them long-overdue criminal justice reforms and critics warning they could allow violent offenders to leave prison early, according to the NY Post.
One proposal, known as the Elder Parole bill, would allow incarcerated individuals to request parole hearings once they reach age 55 and have served at least 15 years of their sentence. That eligibility would extend to some inmates serving life sentences,...
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Jun 21, 2026 / Tyler Durden
Downtown Seattle Lost 30,000 Jobs Since 2020 Payroll Tax: Report
Downtown Seattle Lost 30,000 Jobs Since 2020 Payroll Tax: Report
Authored by Dylan Morgan via The Epoch Times,
A new report from the Downtown Seattle Association published June 15 stated that downtown Seattle has lost around 30,000 jobs since 2020, when city leaders passed the “JumpStart” business tax, while neighboring Bellevue has become more attractive for businesses.
“What we have seen in downtown Seattle is not a ‘jump start,’ but instead, a slowdown,” the report stated.
“Seattle has become a tax outlier in the region, and it’s costing the city jobs and tax...
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