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Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement'
Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement'
Summary
Reports of Houthi missiles launched on Saudi Arabia: oil extends gains near month-highs.
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. CENTCOM affirms with closure message.
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:...
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Jun 12, 2026 / Tyler Durden
"Resetting Business": Xbox Layoffs Loom As New CEO Supercharges Overhaul
"Resetting Business": Xbox Layoffs Loom As New CEO Supercharges Overhaul
Microsoft's Xbox gaming division is preparing for a major round of job cuts at the end of the month as new Xbox CEO Asha Sharma moves to "reset" the unit amid a confluence of negative and worsening pressures, including shrinking revenue, soft hardware sales, plateauing Game Pass momentum, and what management now describes as an ongoing "hardware component crisis."
Bloomberg first reported that Microsoft will announce an upcoming round of layoffs after the company's fiscal year ends on June 30. The...
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Feb 22, 2026 / Tyler Durden
Ukraine's Fast-Tracked EU Membership Would De Facto Advance EU Federalist Goals
Ukraine's Fast-Tracked EU Membership Would De Facto Advance EU Federalist Goals
Authored by Andrew Korybko,
The approval of “reverse enlargement” to Ukraine and other candidate states would institutionalize a three-tiered Europe between the “E6”, Central Europe, and the new partial members from Eastern Europe and the Balkans for facilitating Germany’s divide-and-rule federalist plans.
Politico reported on the EU’s plan to grant Ukraine partial membership by next year at the earliest as part of a comprehensive solution to that country’s conflict. An unnamed official described this as “reverse enlargement” and explained that “It would...
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Apr 20, 2026 / Tyler Durden
Tim Cook Stepping Down As Apple CEO; John Ternus, Head Of Hardware, Will Take Over
Tim Cook Stepping Down As Apple CEO; John Ternus, Head Of Hardware, Will Take Over
Confirming long-standing rumors of Tim Cook's replacement, after hours Apple announced that Tim Cook will step down as CEO and become executive chairman of Apple’s board of directorsm while John Ternus, senior vice president of Hardware Engineering whose name has been speculated as the next boss of Apple, will become Apple’s next chief executive officer effective on September 1, 2026. The transition was approved unanimously by the Board of Directors.
Cook will continue in his role as CEO...
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