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WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs
WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs
Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch.
Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...
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Mar 5, 2026 / Dave DeCamp
Pentagon in Talks on Buying Ukrainian-Made Interceptors To Counter Iranian Drones
The Pentagon is in talks on purchasing Ukrainian-made interceptors to counter Iranian drones, the Financial Times has reported, as senior US officials have told Congress that US forces in the Middle East are having more trouble intercepting Iran’s drones than expected. The report said that at least one Gulf country was also in talks on […]
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Jun 15, 2026 / Tyler Durden
Anthropic Accused In Lawsuit Of Lying About $200 Per Month '20x' Plan
Anthropic Accused In Lawsuit Of Lying About $200 Per Month '20x' Plan
A federal class-action lawsuit filed Monday accuses Anthropic of misleading customers about the real usage limits on its high-end Claude AI subscriptions. The suit, brought on behalf of Washington D.C. subscriber Karl Kahn and others who bought the Max 5x and Max 20x plans since April 2025, claims the company oversold how much computing power buyers would actually receive.
The lawsuit - filed Monday in the Northern District of California on behalf of Washington DC resident Karl Kahn and...
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May 9, 2026 / Jason Ditz
Israeli Strikes Across Lebanon Killed at Least 22
Israeli strikes on Lebanon escalated again on Saturday, with at least 22 people killed and dozens of others wounded in various attacks across the country. The IDF also issued evacuation orders for an additional nine villages, and reported having launched strikes on 85 different targets across Lebanon. The deadliest strike was against the town of […]
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