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Red Sea Blockage Fears: Cargo Ship Attacked Off Southwest Yemen
Red Sea Blockage Fears: Cargo Ship Attacked Off Southwest Yemen
A Red Sea disruption would be terrible timing for global shipping and energy markets, coming just as vessel traffic through the Strait of Hormuz has started to normalize in recent weeks.
An overnight report that a cargo ship was attacked by "armed assailants" in the southern Red Sea off Yemen is a reminder that the region's maritime-risk premium has not totally disappeared; it has simply shifted chokepoints.
"UKMTO has received a report of an incident 30NM southwest of Al Hudaydah, Yemen. A...
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Jul 21, 2026 / Tyler Durden
The Conflicts Brewing In America's Ten Classes
The Conflicts Brewing In America's Ten Classes
Authored by Charles Hugh Smith via OfTwoMinds blog,
What we do know is that things have internal structures with dynamics that operate whether we "like" them or not.
Correspondent Manoj S. recommended an essay from the always-insightful John Michael Greer on the dissolution of unproductive classes behind the smokescreen of AI: A Game of Musical Chairs
"You can sell Americans on anything, no matter how wretchedly unsatisfactory it is, by labeling it as progress. That's what's being done now, with AI being used as a justification for...
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Aug 9, 2026 / Tyler Durden
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's southwestern Red Sea coast, roughly 44 miles from the Yemeni border. The facility is strategically important because it allows Aramco to export refined products through the Red Sea without transiting the Strait of Hormuz. The attack also signals the growing vulnerability of Saudi energy assets in the region, where Houthi forces have repeatedly targeted them in recent...
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Mar 24, 2026 / Tyler Durden
Oil Tumbles, Stocks Surges As Israeli TV Reports Imminent 'One Month Ceasefire' Announcement
Oil Tumbles, Stocks Surges As Israeli TV Reports Imminent 'One Month Ceasefire' Announcement
Summary
US seeks a one-month ceasefire with a framework to end the war, according to Israel Channel 12 reports
WSJ, Fox reporting 3,000 elite Army Airborne soldiers to be ordered to Middle East. Axios says US awaits Iran response to proposed Thursday peace talks. Trump says Iran has been destroyed "militarily".
Backchannel diplomacy vs skepticism: Abbas Araghchi reportedly signaled openness to negotiations with the US via envoy Steve Witkoff, but Israel has appeared cool on deal prospects or offramp.
Heavy exchange of fire and...
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