Article
The $300 Billion Wager: Inside The Private Fund At The Center Of The U.S.-Iran Framework
The $300 Billion Wager: Inside The Private Fund At The Center Of The U.S.-Iran Framework
A proposed $300 billion investment fund has emerged as one of the most consequential-and politically explosive-features of the U.S.-Iran framework agreement, turning what began as a war-ending diplomatic effort into a test of whether private capital can be used as a substitute for reparations, sanctions relief and state-to-state reconstruction aid. This, of course, is the part where we 'give' Iran $300 billion - though what it actually is and does hasn't been disclosed until now. This isn't unfrozen Iranian...
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Mar 3, 2026 / Tyler Durden
OpenAI Rewrites 'Sloppy' Pentagon AI Deal After Backlash Over Surveillance Risks
OpenAI Rewrites 'Sloppy' Pentagon AI Deal After Backlash Over Surveillance Risks
OpenAI - which millions of users trust with everything from legal documents to tax returns - is revising its newly signed contract with the US Department of War, just days after it was announced that they would replace Anthropic for use in government systems because the rushed rollout "looked opportunistic and sloppy."
Hours after negotiations collapsed between the Pentagon and rival startup Anthropic on Friday, the San Francisco-based company agreed to supply its AI models for use in classified military operations. The...
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Sep 1, 2026 / Dave DeCamp
US Embassies in Middle East Issue Warnings to Americans in the Region as Trump Escalates Iran War
US embassies across the Middle East issued new security alerts to Americans in the region on Tuesday as the US launched what appeared to be a heavy round of airstrikes across Iran’s coast and the IRGC began to respond with attacks on US bases. US embassies in Jordan, Jerusalem, the UAE, Saudi Arabia, Bahrain, and […]
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May 9, 2026 / Tyler Durden
"Doesn't Look Good": Explosion Rocks Major New Orleans-Area Refinery As Fuel Markets Tighten
"Doesn't Look Good": Explosion Rocks Major New Orleans-Area Refinery As Fuel Markets Tighten
A fire broke out Friday afternoon at PBF Energy's Chalmette refinery outside New Orleans, according to the facility.
Reuters cited people familiar with the incident who said the 190,000-barrel-per-day Chalmette refinery suffered an explosion on Friday afternoon. The explosion can be traced to a reformer heater used to convert refining byproducts into octane-boosting components added to unfinished gasoline to make premium and mid-grade fuel blends.
The 190,000-barrel-per-day refinery is one of the major Gulf Coast refineries because it produces...
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