Iran Says Deal With Oman Close, But It Doesn’t Mean the Strait of Hormuz Will Open To All Traffic

Air Freight Rates To Spike As Iran War Escalates By Eric Kulisch of FreightWaves The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world’s largest cargo airlines are based, and raising the potential for a rise in air freight rates.  Airlines are suspending flights, rerouting traffic around the conflict zone and unable to use key transload hubs in Dubai, Abu Dhabi and Qatar because of retaliatory...

Investigators Unveil Charges Against Dismissed Ukrainian Ambassador To The US Another top level Ukrainian official has been booted from office over significant corruption allegations, which comes at a moment of a broad shake-up of military and cabinet leadership initiated by President Zelensky. Olha Stefanishyna was dismissed as Ukraine's ambassador to the United States earlier this week, both local media as as Reuters have confirmed. via Associated Press Reuters writes that she is "suspected of illegal enrichment and failing to declare assets, authorities said on Thursday, the latest high-ranking official targeted in an anti-graft probe"...

It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi Authored by Olivier Acuna via CoinDesk.com, New York sued prediction-market Kalshi, alleging it offers sports and event wagers in the state without a gaming license. The petition, filed in the New York Supreme Court on Friday, asks a judge to bar the company from operating an unlicensed gambling business and seeks an accounting of customer bets, losses and company gains, plus restitution, damages and civil penalties. The state is seeking a penalty equal to three times Kalshi’s gains from the activity, plus $100,000 for each...