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Iran Vows To 'Paralyze' Regional Airports Which Prevent Its Flights From Landing
Iran Vows To 'Paralyze' Regional Airports Which Prevent Its Flights From Landing
Facing crippling US sanctions against its aviation sector as part of the Trump/Bessent Economic D-Day initiative, Iran is warning that if regional countries join the sanctions action, their own airports could be targeted.
Iran's Supreme National Security Council has on Wednesday put neighboring states who are allies of Washington on notice. The statement warned their airports will be "paralyzed" if they cooperate with US attempts to prevent the landing of Iranian airliners.
Source: Government of KuwaitTreasury Secretary Scott Bessent declared on Monday...
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Aug 6, 2026 / Tyler Durden
DoorDash Wins Federal Approval To Fly Its Own Delivery Drones
DoorDash Wins Federal Approval To Fly Its Own Delivery Drones
Via American Greatness,
DoorDash has cleared a major federal hurdle in its push to put drones, not just drivers, in charge of getting dinner to your door.
The San Francisco-based delivery company announced July 29 that it received Federal Aviation Administration Part 135 air carrier certification, the same category of authorization commercial airlines must hold to legally transport other people’s property for pay. The certificate makes DoorDash the eighth drone operator to earn the designation and clears the way for its new in-house...
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Aug 26, 2026 / Tyler Durden
Japan Holds Off On New Oil Reserve Release Despite September Import Drop
Japan Holds Off On New Oil Reserve Release Despite September Import Drop
Authored by Irina Slav via OilPrice.com,
Japan expects its oil imports next month to be lower than this month's but has no plans to release additional crude from storage, the country's economy minister said.
Oil imports next month are seen at 80% of the average monthly for 2025, Ryosei Akazawa said, as quoted by Reuters. The report noted that the August import rate had been 100% of the 2025 monthly total.
The change is prompted by the redirection of tanker traffic...
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May 22, 2026 / Tyler Durden
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession.
That warning was reinforced by a UBS analyst, who cautioned that sharper slowdowns for working-class households could emerge this summer as gasoline pump prices average north of $4.50 per gallon this week and collide...
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