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UAE Slips Hidden Oil Tankers Through Straits Of Hormuz
UAE Slips Hidden Oil Tankers Through Straits Of Hormuz
While conventional wisdom, especially after Trump's counter-blockade of Iran's blockade, that the Strait of Hormuz is completely blocked, the reality is that the UAE is now running loaded crude tankers through the Iranian-controlled Strait of Hormuz with transponders switched off - just like sanctioned Iranian ghost fleets in the pre-war period - just to pry loose a fraction of the oil bottled up in the Gulf.
According to shipping data reported by Reuters, industry sources, and satellite tracking, Emirati state-owned energy giant...
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Italy Cuts Fuel Taxes As Iran Crisis Drives Oil Higher; Germany Refuses Relief Despite Windfall
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Submitted by Thomas Kolbe
A robust market economy unfolds its maximum absorption capacity precisely during external shocks. In such cases, policymakers would essentially only need to sit still, as the storm clouds usually pass on their own—true to the principle that high prices are the cure for high prices. This, of course, only applies to energy markets if governments have not already removed themselves from the equation through grotesque political interventions long before the crisis.
For European...
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