Article
Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure
Metal Shock: Gulf's Largest Aluminum Producer Declares Force Majeure
A little more than a week after Emirates Global Aluminum (EGA), the Gulf's largest aluminum producer, halted operations at its Al Taweelah smelter following Iranian missile and drone strikes, EGA has now declared force majeure on parts of its contract book, signaling that supply chain disruptions are spreading beyond energy markets and into industrial metals.
Bloomberg obtained new documents showing that EGA invoked force majeure clauses to suspend at least some deliveries after Iranian drone and missile strikes damaged the Taweelah smelter...
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Apr 16, 2026 / Tyler Durden
Goldman Sachs To Use Options Strategy For Planned Bitcoin Income ETF
Goldman Sachs To Use Options Strategy For Planned Bitcoin Income ETF
Authored by Nate Kostar via CoinTelegraph.com,
Goldman Sachs has filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin-linked exchange-traded fund designed to generate income while limiting exposure to the cryptocurrency’s volatility, according to a preliminary prospectus dated April 14.
The proposed Goldman Sachs Bitcoin Premium Income ETF would aim to deliver current income alongside capital appreciation by investing primarily in spot Bitcoin exchange-traded products (ETPs) and related options, rather than holding Bitcoin directly.
The fund would generate yield by selling...
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Apr 16, 2026 / Tyler Durden
Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure
Hegseth: Hormuz Blockade Stays "As Long As It Takes" - Ships Now Fair Game For Search & Seizure
Summary
US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'.
Hegseth: US forces are ready to restart combat if Iran doesn’t agree to a deal & strait blockade to continue for as long as it takes. Already 13 ships have been turned around.
Iran's parliament speaker Mohammad Bagher Qalibaf calls ceasefire in Lebanon "as important as a ceasefire in Iran."
Heavy Israeli bombardment of...
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Apr 9, 2026 / Dave DeCamp
The US Knew Iran Ceasefire Deal Included Lebanon
US officials were aware that a statement from Pakistan Prime Minister Shehbaz Sharif on the US-Iran ceasefire that was issued on Tuesday included a truce in Lebanon as part of the deal, according to media reports. The New York Times reported that the US had already seen and signed off on Sharif’s statement before he […]
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