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Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports
Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports
Update(11:20ET): It's the return of another TACO Tuesday as President Trump in a lengthy Truth Social missive appears to have reversed his plan to collect a 20% of cargo fee for international vessels wishing to transit the Strait of Hormuz.
"Oil is flowing like never before," he began (except it's not...), before writing, "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and...
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May 16, 2026 / Tyler Durden
Tehran Claims US Faces Escalating Economic Fallout From 'War Of Choice' As Hardship Mounts Inside Iran
Tehran Claims US Faces Escalating Economic Fallout From 'War Of Choice' As Hardship Mounts Inside Iran
Iranian Foreign Minister Abbas Araghchi warned Saturday that the United States would face mounting economic fallout from its "war of choice" against Iran, as both sides appear settled into a long game of waiting to inflict the most severe economic and political damage on the other.
In a post on X, Araghchi said Americans would bear the escalating financial costs of the conflict with Tehran. "Put aside gas price hike and stock market bubble. Real...
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Jul 16, 2026 / Dave DeCamp
US Approves Nearly $2 Billion Arms Sale for Saudi Arabia After Escalation in Yemen
The State Department announced on Wednesday that it approved a potential $1.96 billion weapons sale for Saudi Arabia, just days after Riyadh bombed the Sanaa International Airport in Yemen, shattering a fragile truce with Ansar Allah, also known as the Houthis, that had held relatively well since 2022. The arms sale includes up to 20,000 […]
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Mar 16, 2026 / Dave DeCamp
Trump Says Israel ‘Would Never’ Use Nuclear Weapons
President Trump said on Monday that Israel “would never” use a nuclear weapon when asked about comments from David Sacks, the White House’s AI and crypto czar, who recently suggested that Israel might consider the nuclear option if the war with Iran continues to escalate. “Israel could get seriously destroyed,” Sacks said on an episode […]
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