Article
"Not Seen Since World War II": New Texas Shipyard To Hire 10,000 Workers And Mass-Produce Drone Boats
"Not Seen Since World War II": New Texas Shipyard To Hire 10,000 Workers And Mass-Produce Drone Boats
Building on our coverage of autonomous maritime warfare this week, Saronic Technologies is preparing to build a massive shipyard on the Texas coast capable of producing autonomous surface vessels at scale, a project expected to create more than 10,000 jobs.
Bloomberg reports that the Austin-based technology company, which specializes in maritime drones, is building a $3.2 billion shipyard at the Port of Brownsville on the Texas coast. The facility will manufacture medium- and large-class...
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May 10, 2026 / Tyler Durden
Rabobank: "More War Seems Inevitable"
Rabobank: "More War Seems Inevitable"
By Michael Every of Rabobank
Summit... then 'summit' worse?
“TOTALLY UNACCEPTABLE,” was President Trump’s response to Iran’s belated reply to his peace proposal, which they have rejected as a “surrender.” Tehran thinks the US must do so instead: rather than handing over enriched uranium, pledging to never build a nuke, reopening the Strait of Hormuz, and dropping ballistic missiles and support for regional terror proxies, Iran wants a permanent US retreat, reparations paid to it, and control of Hormuz.
More war, where the US takes control of the...
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Apr 17, 2026 / Tyler Durden
Trump Hails Iran's Full Hormuz Reopening As U.S. Reportedly Weighs $20 Billion Cash-For-Nukes Deal
Trump Hails Iran's Full Hormuz Reopening As U.S. Reportedly Weighs $20 Billion Cash-For-Nukes Deal
Summary
Trump Praises Iran for Fully Reopening Hormuz Chokepoint; Crude Tanks, Yields Dump, Equity Futs Up
Iran's Aragchi says "Strait of Hormuz is declared completely open"
US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape
Peace talks reportedly on Sunday in Islamabad
Odds of a permanent peace deal by the end of the ceasefire are soaring...
Trump Responds
Minutes after Iran's Foreign Minister Seyed Abbas posted on X that the Strait of Hormuz is "completely open", President Trump responded on Truth...
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May 27, 2026 / Tyler Durden
Aluminum Supply Crisis Is About To Get Worse
Aluminum Supply Crisis Is About To Get Worse
Aluminum prices in London are up nearly 17% since the onset of the U.S.-Iran conflict, as a growing chorus of top commodity desks, including Mercuria, Goldman, JPMorgan, and others, warn that the market is facing a major supply shock.
That disruption, driven firstly by Middle East smelter outages and the Hormuz maritime chokepoint, is now colliding with new concerns that China may be forced to curtail output amid energy-use and emissions inspections, according to Bloomberg.
More color from the report:
Chinese authorities are now moving...
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