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Crude Spikes On Israeli Report: Iran Parliament Speaker Ghalibaf Resigns From Negotiating Team After IRGC Intervention
Crude Spikes On Israeli Report: Iran Parliament Speaker Ghalibaf Resigns From Negotiating Team After IRGC Intervention
Summary
Israeli media says Iran Parliament Speaker resigns from negotiating team under IRGC pressure, oil spikes.
Trump orders US Navy 'shoot & kill' small Iranian boats amid concern over mines in Hormuz. Says US now "doesn't need a deal".
Overnight, US military intercepted two more Iranian oil supertankers that tried to evade the blockade And in Indian Ocean US conducted a maritime interdiction and right-of-visit boarding of the sanctioned stateless vessel M/T Majestic X transporting oil from Iran.
Media sources confirm based...
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Jul 9, 2026 / Tyler Durden
"Deepening Dark Trend" Emerges On Hormuz As Ship Traffic Slows
"Deepening Dark Trend" Emerges On Hormuz As Ship Traffic Slows
The US military has struck Iranian targets for a second straight day, while Tehran has responded with ballistic missile and drone attacks targeting Kuwait, Qatar, Bahrain and even faraway Jordan. While our overnight wrap focused on the latest war developments, the focus here is what energy traders are watching most closely: vessel traffic through the Strait of Hormuz.
Bloomberg cites new shipping data showing that the Hormuz chokepoint slowed to a near standstill on Thursday.
More color from the report:
Among larger vessels,...
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May 4, 2026 / Tyler Durden
Largest Viking Age Coin Hoard Ever Found In Norway Shocks Archaeologists
Largest Viking Age Coin Hoard Ever Found In Norway Shocks Archaeologists
Authored by Maria Mocerino,
Hailed as a “historic discovery,” metal detectorists led archaeologists to the largest Viking Age hoard of silver coins ever to be found in Norway, reflecting the Vikings’ extensive network and a pivotal turning point in Norway’s history.
The largest coin hoard in Norwegian history.Innlandet County Council
On April 10, metal detectorists Vegard Sørlie and Rune Sætre uncovered 19 silver coins that quickly turned into an astonishing treasure when archaeologists rushed to the site. The number of coins...
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May 21, 2026 / Tyler Durden
Iconic American Beer Brand Discontinued After 177 Years
Iconic American Beer Brand Discontinued After 177 Years
Schlitz Premium, the storied lager once billed as “the beer that made Milwaukee famous,” is heading into retirement. Pabst Brewing Co. confirmed this week it is placing the brand on indefinite hiatus, ending production of the nearly two-century-old beer label founded in Milwaukee in 1849 that grew into one of America’s most iconic brews.
The decision, driven by rising storage and shipping costs amid softening demand for the value-priced brand, marks the latest chapter in a turbulent corporate saga. Wisconsin Brewing Co. in...
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