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Rubio: Diplomacy Will Be Rendered 'Impossible' If Iran Enacts Hormuz Toll System
Rubio: Diplomacy Will Be Rendered 'Impossible' If Iran Enacts Hormuz Toll System
Iran has been seeking to significantly expand the area around the Strait of Hormuz over which it claims military control by this week advancing the newly-created government agency of the "Persian Gulf Strait Authority".
The agency quickly published a map proclaiming "Iranian armed forces oversight" across more than 22,000 sq km (8,800 sq miles) of the Hormuz waterway. Now, all transit through the strait "requires coordination with and authorization from the Persian Gulf Strait Authority" - the new entity announced.
Of...
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May 20, 2026 / Tyler Durden
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Fighting While Talking, Horses And Security
Fighting While Talking, Horses And Security
By Peter Tchir of Academy Securities
Fighting While Talking, Horses, and Security
Some quick updates on recent themes. The latest on Iran is front and center, and if you missed this week’s Around the World, it is worth a look. Not just an Iran update, but we also cover Cuba, Russia/Ukraine, the China Summit, and Nigeria (I certainly need to get more up to speed on Africa). We will examine Universal Basic Income and the Job Market in the section we have decided to label Horses. While it feels...
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Aug 1, 2026 / Tyler Durden
Verizon Blames 'Human Error' For Burying A Jack Smith Subpoena From Congress
Verizon Blames 'Human Error' For Burying A Jack Smith Subpoena From Congress
Senate Judiciary Chairman Chuck Grassley (R-IA) and fifteen colleagues sent a letter to Verizon on Thursday demanding the telecom giant explain how a 2023 grand jury subpoena tied to Jack Smith's "Arctic Frost" investigation vanished from its own paperwork for more than two years - only to resurface after the company chalked the omission up to "human error."
The letter, addressed to Verizon CEO Dan Schulman, is the latest turn in Grassley's monthslong excavation of Arctic Frost - the...
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