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Houthis Declare "Total Ban" On Israeli Ships As Dual Chokepoint Crisis Stokes Supply Chain Nightmare
Houthis Declare "Total Ban" On Israeli Ships As Dual Chokepoint Crisis Stokes Supply Chain Nightmare
Brent crude futures jumped as much as 5% to $97.83 a barrel, while WTI traded around $95 a barrel, as renewed Iran-Israel fighting threatened to unravel a fragile US-Iran ceasefire and further disrupt energy flows.
On the maritime chokepoint front, Iran-backed Houthis declared a full ban on Israeli vessels in the southern Red Sea, warning that any Israeli ship (or linked ship) will be seen as a military target.
"First: We declare a complete and total...
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Jun 1, 2026 / Tyler Durden
French Commandos Board & Seize 4th Russian 'Shadow Fleet' Vessel Since September
French Commandos Board & Seize 4th Russian 'Shadow Fleet' Vessel Since September
France announced Monday another weekend interdiction of a Russian "shadow fleet" vessel in international waters near its coast. The French Navy boarded and detained a sanctioned oil tanker, President Emmanuel Macron announced Monday, in an operation which had the assistance from the UK Royal Navy and other allies.
This marks the fourth time since September that French commandoes have intercepted a boarded a sanctioned Russian vessel in regional waters.
via AFP/French military
The vessel, identified as the Tagor, originated from Murmansk,...
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May 13, 2026 / Tyler Durden
Trump's Booming War Economy Explained In One Chart
Trump's Booming War Economy Explained In One Chart
Defense Secretary Pete Hegseth spoke with lawmakers last week and, at one point, laid out how the U.S. war economy is roaring back to life under the Trump administration.
Hegseth's message was clear: President Trump's "smart business deals" have sent an unmistakable demand signal to defense-industrial partners: build more, build faster, and prepare for sustained procurement.
"The department has helped stimulate more than two hundred and fifty private investment deals in thirty-nine states, 180 cities, 150 companies worth more than 50 billion dollars," Hegseth...
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May 11, 2026 / Tyler Durden
Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur
Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur
Wesley Edens, billionaire investor and co-owner of the Milwaukee Bucks, replied to a 2022 LinkedIn message from Changli Sophia Luo, a China-born founder of a small Manhattan nonprofit that produced interview videos. Their exchanges turned personal; by June 2023 they met at her apartment and had sex, according to the Wall Street Journal, citing prosectuors.
What followed, authorities say, became an extortion case. Luo was indicted for allegedly trying to extract over $1 billion by threatening to release...
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