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US Launches Airstrike in Somalia for 77th Time This Year
The US has launched another airstrike in Somalia, according to a press release from US Africa Command, as the Trump administration continues its record-shattering bombing campaign in the country, which is ignored by US media. AFRICOM said that the strike was launched on July 30 and targeted al-Shabaab near the village of Jamaame in Somalia’s […]
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Jun 26, 2026 / Tyler Durden
Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve.
Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange.
Rates remain elevated and still highly profitable for owners, but...
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Oct 16, 2026 / Tyler Durden
"Engineering Flex": Flying Tesla Roadster Wows Wall Street, But Production Waits Until 2028
May 18, 2026 / Philip Giraldi
More Wars and Rumors of Wars
President Donald Trump is back from his business trip to China which had a lot of ambiguity over issues like Taiwan without having done either much discernible damage or benefit to American interests. The trip ended with the American participants dropping all the gifts that they had received from the Chinese into a large garbage bin on […]
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