Carl Menger, Crown Prince Rudolf, and the Marginal Revolution That Never Was

"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization The top executive of Japan's largest shipping company told the Financial Times in an exclusive weekend interview that the path toward normalization in the Strait of Hormuz remains far more complicated than anticipated. He warned that shipping volumes may stay well below prewar levels for months, as IRGC-laid mines are forcing vessels into narrow, safer corridors near Iran and Oman. "The routes available for navigation are extremely limited — they're very narrow corridors," Takaya Soga, chief executive of Japan's NYK...

US Military Shoots Down Inbound Iranian Attack Drones Over Hormuz, Bombs Coastal Sites Summary: The US reportedly military intercepted and shot down at least four Iranian one-way attack drones CENTCOM says coastal radar and missile sites bombed in retaliation. Iran Military Fires "Warning Missiles" At US Destroyers In Gulf of Oman; U.S. CENTCOM Denies Report  Iran FM Warns American Bases Are Legitimate Targets, Cites 'No Tangible Progress' In Talks Polymarket  US x Iran permanent peace deal by June 30, 2026? Yes 25% · No 76%View full market & trade on Polymarket Strait of Hormuz traffic returns to normal by...

US Central Command announced on Thursday that it bombed an oil tanker for the third time this week in the Gulf of Oman as part of its enforcement of the blockade of Iranian ports, which comes after India confirmed the previous US attack on a tanker killed three Indian crew members. CENTCOM said its latest […]