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Iranian Tankers Cross US Naval Blockade After Trump Deal Allows Iran To Restart Oil Sales
Iranian Tankers Cross US Naval Blockade After Trump Deal Allows Iran To Restart Oil Sales
The first Iranian ships crossed the area of the US naval blockade without obstruction after a memorandum of understanding was reached to end the war between Washington and Tehran, Iran’s semi-official Fars News Agency reported Tuesday.
At least three Iranian oil tankers and two cargo ships carrying essential goods broke through the US naval blockade following an accord between the countries.
A large Iranian VLCC and another vessel used to transport livestock moved from open waters toward...
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May 28, 2026 / Tyler Durden
EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports
EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports
The EU - which is badly lagging the rest of the world when it comes to AI development - is preparing sweeping emergency powers to intervene in Europe’s semiconductor supply chains during shortages, including by forcing chipmakers to override existing contracts, the FT reported. So much for the sanctity of those "contract-backed" backlogs...
The draft law also enables common purchasing to boost the bloc’s negotiating power, and would mark a clear expansion of the EU’s powers to...
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May 8, 2026 / Tyler Durden
Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge
Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge
In a rare outbreak of sanity from the continent that perfected kicking the can, officials on NATO’s eastern front are openly admitting what Brussels and Frankfurt have spent years denying: you can’t fund a permanent war footing with infinite borrowing and hope the bond market never notices.
Estonia’s outgoing ECB rate hawk Madis Muller dropped the red pill in parliament Thursday, bluntly telling lawmakers that jacking up budget deficits to pay for the defense surge is no long-term solution. “These...
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May 2, 2026 / Jorge Besada
Government Regulations Create Monopolies and Stifle Competition
The regulatory state is also the entity that stifles competition, reduces economic cooperation, and impedes the production of wealth.
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