US Diesel Pump Prices Hit Record As Global Refined-Products Crisis Threatens Industrial Economy

Kraken Robotics Demos Next-Gen Tech For Maritime And Defense Operations At a time when waterways like the Strait of Hormuz have occupied almost every headline and have been the impetus behind a good portion of the ongoing conflict in Iran, Kraken Robotics has successfully completed a new demonstration of its autonomous mine countermeasure technology, highlighting the growing role of unmanned systems in maritime security. The company announced that its KATFISH towed synthetic aperture sonar system, along with its autonomous launch and recovery system (LARS), was fully integrated and tested aboard SEFINE’s...

Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar By Tsvetana Paraskova of OilPrice.com Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes. While the crude oil supply is actually there, shipping it through the Strait of Hormuz remains a very risky endeavor, especially in light of the escalating U.S.-Iran tanker war in the Persian Gulf and the Gulf of Oman, while Saudi Arabia...

The Senate on Wednesday voted against advancing a War Powers Resolution aimed at halting further US military action against Iran without authorization from Congress amid the major US-Israeli bombing campaign in the country. The resolution, introduced by Senators Tim Kaine (D-VA) and Rand Paul (R-KY), failed in a vote of 47-53, with Paul being the […]