Iran To Draw New "Restricted Zone" In Hormuz As Saudi Aramco Facility Hit Again, Oil Climbs

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.

Iran Says Two Tankers Exploded In Hormuz Chokepoint As Ship Traffic Near Standstill Visible maritime traffic through the Hormuz chokepoint remained subdued into the new week after Iranian forces allgedly targeted tankers attempting to transit the narrow waterway, including routes close to Oman. This comes as the US and Iran have been locked in a dangerous tit-for-tat escalation that has entered its ninth day. UK maritime authorities reported an unverified vessel fire near Oman late Sunday. Reuters reports that Iran's Revolutionary Guards claimed two crude oil tankers exploded and were immobilized...

President Trump on Tuesday issued a post on Truth Social complaining about US media coverage of his war against Iran that was a word-for-word repeat of a post he made eight days ago. Recent reporting from mainstream US media outlets citing unnamed US officials has revealed that US intelligence believes Iran maintains about 70% of […]