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Iran Announces First Hormuz Toll Fees Successfully Transferred To Central Bank
Iran Announces First Hormuz Toll Fees Successfully Transferred To Central Bank
President Trump has repeatedly said that Iran "better not" collect tolls from ships seeking to traverse the Hormuz Strait waterway, as both warring sides have initiated their own rival blockades of different sectors of the strait.
Just last week, Trump had flatly rejected the possibility of Tehran imposing fees - reportedly $2 million or perhaps even more - when a reporter asked about the prospect of restrictions or tolls managed by Iran for strait passage. "Nope. No way. No. Nope," Trump...
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May 28, 2026 / Tyler Durden
Drone Stocks Erupt After Report Of Pentagon Funding Deals
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President Trump's war economy is accelerating, with a new report indicating that the Department of War is set to unleash funding deals across a handful of drone companies. The effort comes as the DoW's procurement program now favors startups, and there has been an emphasis within the department on ramping up America's drone manufacturing base, as hyper-innovation from the war in Ukraine has brought forward 2030s-era war technology.
The Wall Street Journal reports that the DoW has been in talks with a...
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Mar 8, 2026 / Kyle Anzalone
Trump Announces Anti-Cartel Coalition with Latin American Countries
President Donald Trump said that a dozen Latin American nations had enlisted in a US-led coalition to fight cartels in the region. Trump announced the new military organization, along with Latin American leaders, at his Doral resort in Florida on Saturday. The coalition was dubbed Shield of the Americas, and includes Argentina, Bolivia, Chile, Costa […]
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May 16, 2026 / Tyler Durden
Persian Gulf Countries 'Refused' UAE Call For Joint Attack On Iran
Persian Gulf Countries 'Refused' UAE Call For Joint Attack On Iran
Via The Cradle
The UAE tried but failed to persuade neighboring states, including Saudi Arabia and Qatar, to take part in a coordinated military attack on Iran, Bloomberg reported Friday, citing sources familiar with the matter.
UAE President Mohammed bin Zayed (MbZ) spoke by phone with Saudi Crown Prince Mohammed bin Salman (MbS) and other regional leaders to propose the coordinated attacks, shortly after the US and Israel launched the war on Iran on February 28, the sources said.
During the calls, MbZ argued that...
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