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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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Mar 20, 2026 / Tyler Durden
CBS News Announces Fresh Round Of Layoffs As Bari Weiss Buzzsaw Continues
CBS News Announces Fresh Round Of Layoffs As Bari Weiss Buzzsaw Continues
After paying Bari Weiss $150 million for The Free Press and hiring her to run their newsroom, CBS News announced a fresh round of layoffs on Friday which will affect over 60 jobs, or 6% of the news division, according to the NY Times.
Bari Weiss
"Certain parts of this newsroom need to get smaller in order for us to make room for the things that we need to build to remain competitive in the future," said Weiss, who entered the scene last October, during...
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Apr 26, 2026 / Tyler Durden
Hungary's Going Gay? TV Channel Dedicated To 24-hour LGBTQI Programs Will Soon Launch
Hungary's Going Gay? TV Channel Dedicated To 24-hour LGBTQI Programs Will Soon Launch
Via Remix News,
Hungary will soon be getting a new government under Tisza’s Péter Magyar, but the landscape is already shifting, with a new LGBTQ-themed online television channel called “Rainbow” (“Szivárvány”) TV in the works to broadcast programs targeting the LGBTQI community 24 hours a day.
The entrepreneur behind the project, whose identity is being kept secret for now, reports Media1, but they have already submitted the necessary documents to the National Media and Communications Authority.
The channel will reportedly offer...
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May 9, 2026 / Tyler Durden
Europe Sees 'Hyper-Concentration' Of Crypto 'Wrench Attacks' As Losses Hit $101 Million
Europe Sees 'Hyper-Concentration' Of Crypto 'Wrench Attacks' As Losses Hit $101 Million
Authored by Stephen Katte via CoinTelegraph.com,
Estimated losses from global crypto wrench attacks reached $101 million in the first four months of 2026, with most attacks occurring in Europe, according to Web3 security company CertiK.
With just 34 documented crypto wrench attacks, the losses have nearly doubled those of 2025, which came in at $52.2 million. Europe accounted for 82% of incidents, according to CertiK.
“Our 2025 report documented a gradual tilt from Asia and North America toward Europe, and these...
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