Trump Says US Military Has Started Blockade on Iranian Ports as Iran Calls It ‘Piracy’

"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn The Trump administration’s "baffle 'em with bullshit" methodology has been on full display, as the reopening of the Hormuz chokepoint on Friday drove a broad risk-on in markets: US equities soared, crude collapsed, and Treasury yields declined, based on the assumption that disruption to global energy flows had eased. However, as of early Saturday morning, those moves may prove premature. The Wall Street Journal reports that the world’s most important maritime chokepoint is once again closed to commercial transit. About 20 ships...

President Trump declared yesterday, at the start of the Israel-Lebanon 10-day ceasefire, that Israel was absolutely “PROHIBITED” by the United States from carrying out any strikes on Lebanon because “Enough is enough!!!” Mere minutes after that declaration was posted on social media, the first strike was reported. An Israeli drone in Beit Yahoun, in southern […]