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Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade
Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade
Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Supreme Leader Mojtaba Khamenei warned that Iran has "large, untouched levers" to respond to such a blockade.
Perhaps ominously, Bab el-Mandeb translates to "Gate of Tears" (map via...
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May 21, 2026 / Tyler Durden
Turkey Markets Crash After Court Unseats Opposition Head In Latest Erdogan Power Grab
Turkey Markets Crash After Court Unseats Opposition Head In Latest Erdogan Power Grab
Shortly after we learned that Turkey had sold virtually all of its Treasuries in March to defend the lira after the Iran war broke out, the country was thrown into fresh political turmoil on Thursday when a Turkish court removed the leader of the country’s main opposition party in a landmark ruling that triggered a stock market crash, including one marketwide halt, and could strengthen President Recep Tayyip Erdogan’s grip on power while further alienating foreign capital.
The...
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May 13, 2026 / Tyler Durden
UK Risk Spreads Oddly Calm As PM Starmer Faces Growing Threat Of Ouster
UK Risk Spreads Oddly Calm As PM Starmer Faces Growing Threat Of Ouster
Wes Streeting is reportedly poised to resign as UK health secretary and launch a formal challenge to UK PM Keir Starmer in a Labour Party election.
Following a meeting with Starmer in Number 10 (which lasted just 16 minutes), an “ally” of the health secretary told The Times that Streeting was “going to go for it”.
Around 100 Labour MPs have publicly called for Starmer to resign although a similar number of lawmakers have urged challengers to hold...
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Mar 11, 2026 / Larry C. Johnson
Choke Point: The Global Economic Consequences of The Persian Gulf Shutdown
The Persian Gulf is the most consequential body of water in the global economy. Its narrow exit — the Strait of Hormuz, just 33 kilometres wide at its narrowest point — acts as a valve through which flows an extraordinary share of the world’s energy and agricultural inputs. A sustained closure of that valve by […]
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