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Three Supertankers Carrying 6 Million Barrels Exit Strait Of Hormuz
Three Supertankers Carrying 6 Million Barrels Exit Strait Of Hormuz
Three commercial supertankers carrying a combined 6 million barrels of Middle East crude oil have successfully exited the Strait of Hormuz, according to Reuters.
The vessels departed the strategic waterway on Wednesday, after being stranded inside the Persian Gulf for over two months, lending hope to an end to the closure of the strait.
The crude cargoes were split evenly among three Very Large Crude Carriers (VLCCs) heading to Asian refining hubs. The first was Universal Winner, a South Korean-flagged supertanker carrying...
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Jun 2, 2026 / Tyler Durden
Cliffwater Private Credit Fund Gates Investors For Second Straight Quarter After Redemption Requests Soar To 17%
Cliffwater Private Credit Fund Gates Investors For Second Straight Quarter After Redemption Requests Soar To 17%
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
The flagship private credit fund of Cliffwater, a fund which has was slammed by redemption requests in the past quarter as the private credit crisis came to a fore, has again gated investors by capping redemptions at 5% in...
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May 3, 2026 / Dave DeCamp
Trump Says US Will ‘Guide’ Ships Out of the Strait of Hormuz Starting Monday Morning
President Trump said in a long post on Truth Social on Sunday night that the US has informed other countries that the US will help “guide” their commercial ships out of the Strait of Hormuz, a move that would mark an escalation of US military operations off of Iran’s coast and risk an Iranian response. […]
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Apr 19, 2026 / Dave DeCamp
UNICEF ‘Outraged’ After Israeli Attack Kills Two Water Truck Drivers in Gaza
The UN’s child relief agency, UNICEF, said in a statement on Friday that it was “outraged” after an Israeli attack that morning killed two drivers who were contracted by the agency to “provide clean water to families” in the Gaza Strip, as the IDF continues its constant violations of the US-backed Gaza ceasefire deal. UNICEF […]
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