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Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge
Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge
Summary
Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit.
Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf.
Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection.
Oil prices climb: on rising risk to global shipping & energy markets, as diplomacy clearly unraveling.
Strait of Hormuz...
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Jun 4, 2026 / Tyler Durden
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year
Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company's inclusion into the S&P500 some 6 months after the offering would unlock $13.4 billion worth of inflows.
It turns out that that is not going to happen 6 months after the IPO. In fact, the earliest it may happen is 12 months after Friday's break for trading... and realistically well after that.
That's because after the close...
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Jul 13, 2026 / Tyler Durden
South Carolina's Governor Appoints Lindsey Graham's Sister To Fill His Senate Seat
South Carolina's Governor Appoints Lindsey Graham's Sister To Fill His Senate Seat
Update (1900ET): Gov. Henry McMaster (R-S.C.) appointed Darline Graham Nordone, the late senator’s younger sister, to take his place in the Senate until the election in November.
“Lindsey has always been there for me, and now I will be there for him,” Nordone told reporters at a press conference with McMaster on Monday afternoon.
“It is such a privilege to get to finish some of his important work, and I promise to work hard over the next several months to support the...
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Apr 27, 2026 / Tyler Durden
More Than 40 Mexican Mafia Members And Associates Indicted In California: DOJ
More Than 40 Mexican Mafia Members And Associates Indicted In California: DOJ
Authored by Aldgra Fredly via The Epoch Times (emphasis ours),
A total of 43 alleged members and associates of the Mexican Mafia prison gang were arrested this week on multiple charges, the U.S. Attorney’s Office in the central district of California said on April 23.
The Department of Justice in Washington on March 11, 2026. Madalina Kilroy/The Epoch Times
The U.S. Attorney’s Office said the total includes individuals already in custody, with 25 of them being arrested in Orange County, California,...
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