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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 9, 2026 / Dave DeCamp
Iran Targets US Bases in Bahrain, Kuwait, Qatar, and Jordan Following Major US Airstrikes
Iran’s military on Thursday launched attacks on US bases across the region following a second round of major US airstrikes against Iran, as the US-Iran Memorandum of Understanding to end the conflict has collapsed. According to Iran’s PressTV, the Iranian army initially launched a “massive barrage” of kamikaze drones targeting a Patriot missile system in […]
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Jul 14, 2026 / Tyler Durden
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Summary:
Lucid Exec Calls Bankruptcy Report 'Fake News'
Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid PR Head Calls Report "Completely False"
Nick Twork, Lucid's chief communications officer, took to X in late-afternoon trading to deny Electric-Vehicles.com's report about a potential bankruptcy, stating that the "company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special board committee...
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Jun 6, 2026 / Tyler Durden
UK Government Plots Digital ID Lockdown On Every Phone In Lockstep With Big Tech
UK Government Plots Digital ID Lockdown On Every Phone In Lockstep With Big Tech
Authored by Steve Watson via Modernity,
The Labour government in Britain is accelerating its assault on digital privacy under the well-worn banner of child protection. Fresh plans leaked to the press reveal ministers intend to compel Apple, Google and other tech firms to restrict smartphones so thoroughly that a digital ID will be needed to use them with unfettered access.
The mechanism comes in the form of expanded age verification that effectively demands digital identification for device setup...
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