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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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16 U.S. Trucking Companies File For Bankruptcy In Less Than A Month As Diesel Prices Soar
16 U.S. Trucking Companies File For Bankruptcy In Less Than A Month As Diesel Prices Soar
Diesel prices have exploded over the past month, creating another major cost shock for an industry that was already operating on thin margins. The national average climbed from roughly $5.60 per gallon at the end of August to a record $6.53 in late September, an increase of about 17% in just a few weeks. Prices have eased slightly from that peak, but the EIA’s latest weekly reading still puts diesel at $6.38 per gallon,...
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Aug 3, 2026 / Tyler Durden
Logistical Nightmare Unfolds As Rhine Plunges Toward Record Low
Logistical Nightmare Unfolds As Rhine Plunges Toward Record Low
The Rhine, one of Europe's most vital arteries for transporting industrial goods, has fallen to one of its owest level since the drought-stricken summer of 2018. The resulting loss of shipping capacity is driving up freight costs and raising the risk of supply disruptions for iron ore, coal, chemicals, petroleum products and other commodities moving through Europe's industrial heartland.
The Rhine water level gauge at Kaub, a key chokepoint on the Rhine for shipments heading to southern Germany and Switzerland, has fallen...
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