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72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage
72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage
WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease.
Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August and September expiries between $60 and $68. The September $60 strike put is one...
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Jul 16, 2026 / Tyler Durden
"Not Seen Since World War II": New Texas Shipyard To Hire 10,000 Workers And Mass-Produce Drone Boats
"Not Seen Since World War II": New Texas Shipyard To Hire 10,000 Workers And Mass-Produce Drone Boats
Building on our coverage of autonomous maritime warfare this week, Saronic Technologies is preparing to build a massive shipyard on the Texas coast capable of producing autonomous surface vessels at scale, a project expected to create more than 10,000 jobs.
Bloomberg reports that the Austin-based technology company, which specializes in maritime drones, is building a $3.2 billion shipyard at the Port of Brownsville on the Texas coast. The facility will manufacture medium- and large-class...
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Jul 12, 2026 / Tyler Durden
Trump Admin Subpoenas New York Times Reporters Over Coverage Of New Air Force One
Trump Admin Subpoenas New York Times Reporters Over Coverage Of New Air Force One
The Justice Department issued grand jury subpoenas on Friday to four New York Times reporters, ordering them to testify in Manhattan on Wednesday about stories describing security gaps in the new Air Force One. Federal agents showed up at some of the reporters' homes to deliver the subpoenas in person, a detail that has The Times claiming amounts to government intimidation.
The four subpoenaed journalists are Julian E. Barnes, Eric Lipton, Tyler Pager, and Eric Schmitt. Jay...
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Apr 20, 2026 / Tyler Durden
These Are The Countries Building The Most Nuclear Power
These Are The Countries Building The Most Nuclear Power
China is set to become the world’s dominant nuclear power producer.
Based on existing and planned projects, its total capacity could reach nearly 186 gigawatts, far surpassing the U.S., which currently leads globally. This shift reflects a broader push to secure reliable, low-carbon energy as electricity demand rises.
This chart, via Visual Capitalist's Tasmin Lockwood, ranks countries by current and prospective nuclear capacity, using data from Global Energy Monitor.
How Nuclear Energy Is Set to Scale by Country
The U.S. currently leads nuclear energy production with...
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