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Saudi Arabia Reroutes Oil Exports As Houthi Strikes Target Yanbu
Saudi Arabia Reroutes Oil Exports As Houthi Strikes Target Yanbu
Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia's Gulf export terminals over the weekend, the highest tanker count observed since at least June, according to data compiled from the European Union's Sentinel-2 satellite.
Source: Javier BlasHowever, as OilPrice notes, overall Hormuz traffic kept falling over the same weekend, nonetheless. Just a dozen commodity vessels crossed the strait, down from 35 a week earlier, and Thursday's crossings totaled four tankers against a 10-day moving average of...
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Aug 26, 2026 / Tyler Durden
Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal
Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal
Coinbase CEO Brian Armstrong could be the next Silicon Valley billionaire to flee California over a union-backed, draconian wealth tax scheme that critics slam as a radical wealth grab.
“I think it’s deeply un-American to seize people’s assets. It might be unconstitutional,” Armstrong, who has an estimated net worth of $8.8 billion, said of the proposal during an interview on the “The Katie Miller Podcast.”
“It’s against my values, I would say. I think it’s bad for the state and...
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Sep 14, 2026 / Dave DeCamp
UK’s Burnham Considers Request from Saudi Arabia To Assist in Yemen War
British Prime Minister Andy Burnham is considering a request from Saudi Arabia to assist in its war against Ansar Allah, also known as the Houthis, according to a report from Bloomberg. Sources told the outlet that the UK has received requests for a range of military and diplomatic support and that Riyadh seeks help pushing […]
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Mar 21, 2026 / Tyler Durden
"Going To Cripple Our Economy": Small Businesses Sound Alarm Over Record Diesel Price Spike
"Going To Cripple Our Economy": Small Businesses Sound Alarm Over Record Diesel Price Spike
The latest AAA fuel data from across America shows that the national average diesel price at the pump has jumped nearly 40% this month, surpassing the 2022 fuel spike that followed Russia's invasion of Ukraine.
Surging diesel prices are already generating a shock across trucking, rail, shipping, farm equipment, construction machinery, generators, and much of industrial logistics, given that the fuel powers the core of the economy.
Seasonality: AAA Daily National Avg. Diesel 2022 vs. 2026
Companies now face...
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