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Mideast Chaos Sends Supertanker Rates Soaring To $800,000 A Day
Mideast Chaos Sends Supertanker Rates Soaring To $800,000 A Day
Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. With US forces having destroyed five Iranian-linked tankers and Tehran threatening further escalation in recent days, prospects for near-term stabilization remain limited.
The freight surge signals that crude oil and refined products continue to flow but are becoming increasingly costly to transport out of the Gulf region to global markets.
According to Bloomberg, US Gulf-to-Asia shipments on very large crude carriers average...
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Jun 2, 2026 / Tyler Durden
Bamboozled Once Again...
Bamboozled Once Again...
Authored by Jim Quinn via The Burning Platform blog,
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” ― Carl Sagan, The Demon-Haunted World
“Narcissists are unstable and go through repeated cycles of self-destruction, with...
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Oct 5, 2026 / Tyler Durden
We May Finally Be Rid Of Jack Smith
We May Finally Be Rid Of Jack Smith
Authored by Susan Quinn via American Thinker,
Sen. Bill Hagerty, R-Tenn wants to make sure that Special Counsel Jack Smith never practices law again.
It's about time.
Jack Smith tried to lay waste to Donald Trump, his administration, and other Republicans by practicing lawfare, and Sen. Hagerty reported him to the Tennessee Supreme Court's Board of Professional Responsibility. Smith's actions were blatantly partisan, seriously questionable, and dishonest: he not only issued subpoenas to phone companies for phone toll records of GOP officials, but he added...
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Jun 26, 2026 / Tyler Durden
Rome Rebukes Rutte: Italy Rejects Claim US Flew Iran War Missions From Its Bases
Rome Rebukes Rutte: Italy Rejects Claim US Flew Iran War Missions From Its Bases
It's no longer just a Trump-Meloni spat on the level of public rhetoric, but Italy is newly making clear that it is imposing real policy and limitations on the US, now clarifying that it had formally denied US use of its bases to strike Iran for past and future potential missions.
This has been a long time in coming, as Italy already clearly restricted at least some US use of its bases within the past months related...
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