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Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
By Michael Kern of OilPrice.com
Commercial shipping through the Strait of Hormuz is once again off-limits in the near term as the renewed hostilities and threats to vessels led to another spike in risks of transiting the key tanker and container shipping lane, according to Masahiro Okafuji, chair of the Japan Foreign Trade Council.
“No one would go there, because it’s dangerous,” Okafuji told a media conference on Wednesday, as carried by Bloomberg.
Renewed re-routing of the shipping lanes around the Cape of Good...
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May 19, 2026 / Tyler Durden
Third Iran-Linked 'Shadow Fleet' Tanker Seized By US Navy Off South Asia
Third Iran-Linked 'Shadow Fleet' Tanker Seized By US Navy Off South Asia
Update(1500ET): A WSJ report Tuesday afternoon has revealed that the US seized an "Iran-linked ship" in the Indian Ocean overnight, which had not previously been revealed, at a moment President Trump is threatening to resume airstrikes on Iran, but has given a few more 'days' for Tehran to come to the table.
"The tanker, called Skywave, was sanctioned by the US in March for its role in transporting Iranian oil," the report says. These kind of high seas interdictions are...
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Jun 13, 2026 / Tyler Durden
Hungary Backs Away From Crypto Criminalization In Regulatory U-Turn
Hungary Backs Away From Crypto Criminalization In Regulatory U-Turn
Authored by Micah Zimmerman via BitcoinMagazine.com,
Hungary is dismantling the restrictive digital asset framework introduced under former Prime Minister Viktor Orbán, a policy overhaul that will decriminalize crypto trading and eliminate the prison sentences that had driven major platforms from the country, government spokesperson Anita Kobol said Thursday, according to Bloomberg.
The rollback marks a full reversal of legislation that took effect July 1, 2025, after parliament passed rules criminalizing the use of unlicensed exchanges and certain unauthorized high-value crypto transactions.
Those transactions — ranging between 50 million...
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Jun 13, 2026 / Kurt Nimmo
Trump State Department Moves to Deport Trita Parsi
President Trump’s State Department has reportedly opened an investigation into Trita Parsi, an Iranian-Swedish international relations writer, political analyst, vice president of the Quincy Institute for Responsible Statecraft, and critic of the administration’s war against Iran. A Trump official informed the Free Press that US Secretary of State Marco Rubio had been “extremely clear” about his intention […]
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