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Saudis Offer To Sell Oil Near Oman, A Sign They're Sailing Dark Through Hormuz
Saudis Offer To Sell Oil Near Oman, A Sign They're Sailing Dark Through Hormuz
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it.
According to OilPrice.com, Saudi Aramco resumed crude loadings from its Ras Tanura and Juaymah terminals inside the strait last week, ending a three-week gap in activity at the ports, according to Kpler and Vortexa data cited by Reuters.
Three VLCCs -- Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity -- each loaded roughly 2 million barrels between August 12...
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Mar 19, 2026 / Tyler Durden
One Reason This Energy Shock Is Not Like The One 15-Years Ago
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Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock "is not like 2011-2014" will be the absence of a comparable response from the shale patch, suggesting consumers are more likely to bear the brunt of the pain.
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Mar 20, 2026 / Tyler Durden
These Seven Allies Concocted A 'Hormuz Coalition' Statement To Placate Trump, Which Failed
These Seven Allies Concocted A 'Hormuz Coalition' Statement To Placate Trump, Which Failed
We reported earlier that President Trump has again expressed his extreme frustration at lack of direct NATO participation in a plan to open up the Strait of Hormuz. He declared the US has "militarily WON" - and lambasted lack of allied interest in a "simple military maneuver" to open the Strait of Hormuz, calling NATO a "Paper Tiger" without the US.
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Jul 27, 2026 / Tyler Durden
Ex-Wife In Korea's $645M "Divorce Of The Century" Gets Iced Out Of AI Boom
Ex-Wife In Korea's $645M "Divorce Of The Century" Gets Iced Out Of AI Boom
A Seoul court has ordered SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($645 million), in the largest divorce award in South Korean history. And while the figure is a record, it was calculated against a stock price more than two years old - before it went ballistic in the AI boom.
Chey Tae-won, chairman of SK Group. Lee Young-hwan/Newsis/Associated Press
The Seoul High Court's First Family Division, presiding judge Lee Sang-ju, issued the ruling...
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