Iran Says US Bombed Cargo Vessels, Not IRGC Boats, and Killed Five Civilians

New Hungarian Prime Minister Says Borders Will Remain Shut To Immigrants In the wake of Viktor Orbán's election defeat, one of the greatest fears among conservatives in the region is an unconstrained EU able to take action on foreign policy, health, and immigration without the threat of a veto.  It is widely assumed that the incoming prime minister of Hungary, Péter Magyar, will seek a fast resolution of Brussels’ key issues with Hungary in order to unlock some €35 billion in funding.  His election win was heralded as a substantial victory for...

IMO Draws Up Hormuz Evacuation Plan For 800 Ships Trapped In Gulf Tanker traffic through the Hormuz chokepoint remained muted as of Tuesday morning, with maritime movement still far below pre-US-Iran conflict levels. The ship backlog in the Persian Gulf has now swelled to a staggering 800 vessels, underscoring the scale of the disruption, while the International Maritime Organization is reportedly drawing up evacuation plans for stranded ships. Bloomberg quoted the Secretary-General of the IMO, Arsenio Dominguez, who stated on the sidelines of Singapore Maritime Week earlier today that the...

Why Rent Control Fails: Lessons From New York To Portland Authored by Tom Wilson via The Mises Institute, Housing costs in New York City have reached a level that many people can no longer afford. The response has been to push for more control—limits on rent increases and expanded tenant protections. The intention is clear. However, housing markets respond to incentives, not intentions. Under Zohran Mamdani, New York City is moving further in that direction. The focus is on limiting rent increases, expanding tenant protections, and increasing the role of government in the...