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Putin Threatens Seizures Of European Ships Over EU's "Piracy & Banditry"
Putin Threatens Seizures Of European Ships Over EU's "Piracy & Banditry"
Russian President Vladimir Putin on Wednesday addressed the persisting issue of European governments and navies seizing what they deem Russian 'shadow fleet' vessels off Europe's coast.
The past year alone has seen several examples, sometimes involving French or Swedish commandos descending onto a tanker's deck from helicopters and arresting crew members. The seized vessels are then taken to nearby European ports.
The latest European Union sanctions package passed last month stipulates that EU members can sell the oil or any seized...
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Mar 1, 2026 / Kyle Anzalone
Just 1 in 4 Americans Support Trump’s War on Iran
President Donald Trump’s war with Iran is widely unpopular with the American people. According to a Reuters poll conducted on Sunday, only 27% of Americans support the US attacking Iran. 43% of Americans oppose the war. Trump ordered the war on Iran on Saturday morning. The US and Iran were in the process of negotiating […]
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May 11, 2026 / Tyler Durden
Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock
Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock
From the Trump administration's recent Project Freedom push to mounting warnings from Wall Street analysts, security experts, energy strategists, and major oil company executives, there is a growing sense that the global energy market is quickly approaching a breaking point due to the heavily disrupted Strait of Hormuz.
There was good news over the weekend, as a Qatari LNG tanker transited the Hormuz chokepoint. However, a second tanker from the energy-rich Gulf country abruptly made a U-turn...
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May 22, 2026 / Tyler Durden
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession.
That warning was reinforced by a UBS analyst, who cautioned that sharper slowdowns for working-class households could emerge this summer as gasoline pump prices average north of $4.50 per gallon this week and collide...
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