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"Dark" Tanker Fleet Shatters Iran's Hormuz Stranglehold As Gulf Oil Exports Top Two-Thirds Of Pre-War Level
"Dark" Tanker Fleet Shatters Iran's Hormuz Stranglehold As Gulf Oil Exports Top Two-Thirds Of Pre-War Level
Brent crude futures initially jumped overnight after The Wall Street Journal reported that President Trump has no interest in reviving the memorandum of understanding (interim peace deal) reached with Iran in June. The war-risk premium in Brent has since faded in New York premarket trading amid mounting developments this week that major Gulf producers, including Kuwait and Qatar, are increasing tanker flows through the Strait of Hormuz. Emerging diplomatic traction between Oman and Iran...
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Aug 2, 2026 / Tyler Durden
Water-System Hacks Hit 7 States This Week, FBI Warns, As Trump Shoots Down Iran Theory
Water-System Hacks Hit 7 States This Week, FBI Warns, As Trump Shoots Down Iran Theory
Cyberattacks on municipal water systems were reported in at least seven states this week, according to a joint public service announcement from the FBI and the Environmental Protection Agency - and in some cases, the agencies say, the malicious activity actually degraded water operations. The feds declined to name the states.
A water tower in Plymouth, Minnesota, on Thursday after a cyberattack targeted the operating technology at more than 30 water systems across the state. (Ellen...
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Aug 31, 2026 / Tyler Durden
Bessent To Unveil Weekly Iran-Related Secondary Sanctions, After 1st Round Falls Flat
Bessent To Unveil Weekly Iran-Related Secondary Sanctions, After 1st Round Falls Flat
The US Treasury Department plans to roll out new secondary sanctions every week to intensify economic pressure on Iran, US Treasury Secretary Scott Bessent revealed Sunday.
"You're going to see a lot more of these every week," Bessent said ahead of a meeting of Group of 20 (G20) financial leaders in Asheville, North Carolina, confirming that announcements will come on a weekly basis.
The warning and threat follows on the heels of the US having sanctioned a couple UAE branches of a...
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May 25, 2026 / George Ford Smith
The Wicked Witch of Eccles Hates Sound Money
The Federal Reserve might be experiencing a change of leadership, but the process of currency debasement that began more than a century ago continues.
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