CENTCOM: Media Falsely Reported the Navy Is Attempting to Assist Ships Through the Strait of Hormuz

Tesla Posts Strong Registration Growth Across Europe In May Tesla showed signs of regaining momentum in Europe during May, posting strong registration growth across several major markets, according to Reuters. New registrations climbed to 1,750 vehicles in Denmark (+136%), 1,690 in Spain (+113%), and 858 in Sweden (+71%), based on data released by local industry groups. Reuters writes that the trend extended across the region. Norway recorded 3,345 Tesla registrations, up 29% from a year earlier, while France saw registrations rise to 5,446 vehicles—more than seven times last year's level. The gains come...

SEC Case Against Musk Over Twitter Stake Heads to Trial Elon Musk and the U.S. Securities and Exchange Commission are no longer pursuing a quick settlement and instead appear headed for a courtroom fight over Musk’s 2022 takeover of Twitter, according to Bloomberg. In a status update filed Wednesday, both sides said they had explored possible resolutions but ultimately agreed the case isn’t suited for mediation. “The parties do not believe that this case would benefit…from…ADR,” the filing states, signaling a shift toward full litigation. At the center of the case is...

"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the blockaded straits of hormuz, or to leave it.  By contrast, the global LNG fleet is a tiny fraction, and now most of it is stuck inside the Persian Gulf.  According to the WSJ, at least 20 LNG carriers a bout half...