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Race To Reopen Hormuz Intensifies As Global Supply Chain Stress Remains At COVID Levels
Race To Reopen Hormuz Intensifies As Global Supply Chain Stress Remains At COVID Levels
The latest Bloomberg data show that shipping transits through the Strait of Hormuz remained largely disrupted Monday morning, even as Iran and Oman reportedly moved closer to a deal.
Brent crude futures traded near $85 a barrel as markets priced in the possibility that a deal to reopen the maritime chokepoint could be imminent. Yet global supply-chain stress remains near its highest level since the pandemic, and any normalization could take months, even if shipping traffic resumes.
UBS...
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Aug 31, 2026 / Tyler Durden
Iran's Pezeshkian Gets Red Carpet Treatment Alongside Putin, Xi, Modi & Erdogan At Eurasian Summit
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Given the Trump administration's shift from a military campaign against Iran to primarily one that seeks economic 'strangulation' and isolation - there's been a big diplomatic push by the White House to get regional allies on board.
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via Mehr News
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GM Replaces 1,000 Factory Zero Workers With 50 Robots
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General Motors is once again under the microscope after expanding automation at its Detroit-based Factory Zero plant, installing about 50 collaborative robots not long after cutting more than 1,000 positions, according to Yahoo Finance.
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Jul 13, 2026 / Tyler Durden
Saudi Jets Bomb Sanaa International Airport To Stop Iranian Passenger Plane From Landing
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Renewed conflict continues to be potentially breaking out over Yemen, as on Monday Saudi Arabia struck the runway of the Houthi-controlled Sanaa International Airport, amid growing allegations that Iranian flights have increasingly made use of Yemen's airspace.
The Saud-backed Yemeni government which has long been locked in a civil war for the country's future has singled out the Houthi rebels for hosting Iranian flights, warning that its "patience has run out" and that it will respond to any airspace...
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