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US Looks To Revive 'Prize Courts' For Iranian Oil Seizures

US Looks To Revive 'Prize Courts' For Iranian Oil Seizures The US government is exploring an unusual legal route for dealing with Iranian oil and ships captured as part of its blockade: bringing back a wartime maritime system that has barely been used for generations, according to Bloomberg. The Justice Department, working with the Pentagon, is preparing to use prize law, which historically allowed courts to decide whether vessels and cargo captured during armed conflict could legally become property of the United States. The mechanism was once commonplace in naval warfare...
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Jun 19, 2026 / Tyler Durden
Hegseth Orders Review Of US Force Posture In Europe, Warns NATO Laggards Of Consequences
Hegseth Orders Review Of US Force Posture In Europe, Warns NATO Laggards Of Consequences Authored by Tom Ozimek via The Epoch Times, U.S. Secretary of War Pete Hegseth on June 18 announced a six-month review of U.S. force posture and basing in Europe, warning that NATO allies failing to meet defense spending commitments could face consequences as Washington pushes the alliance toward what he called a new era of burden-sharing. Speaking at a meeting of NATO defense ministers in Brussels, Hegseth said the review would examine America’s military footprint in Europe and...
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Apr 30, 2026 / Murray N. Rothbard
Preface by Murray N. Rothbard
Rothbard introduces Molinari's essay as a pioneering work that took free-market principles to their logical conclusion by questioning the state's monopoly on defense.
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May 27, 2026 / Tyler Durden
SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq's 1999 Meltup
SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq's 1999 Meltup The breathtaking rally in South Korean stocks hit a couple of key milestones overnight. The benchmark Kospi index at one point in the session was up 100% for 2026, rivaling the Nasdaq 100 Index’s 102% surge in 1999 - right before the bubble burst... Samsung (005930) was up 2.7% and SK Hynix (000660) soared 9.3% rallying to new record highs mainly on three things: 1) overnight backdrop of SOX +5.5% driven by MU +19% strength, 2) launch of leveraged ETF...
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