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The $1 Million Tanker Was Just The Start: Every Crude Freight Index Hits Record High As Hormuz "Works" Too Well
The $1 Million Tanker Was Just The Start: Every Crude Freight Index Hits Record High As Hormuz "Works" Too Well
Just when we thought crude tanker rates couldn't go any higher, they did - again.
A week ago, a record million dollars a day charter for a supertanker was the punchline. Now it's the floor: the Baltic Exchange's TD3C, the benchmark Saudi Arabia-to-China VLCC route, hit yet another all-time high of $1.33 million per day on Monday, up 10% on the week and 21 times where it was a year ago!
But...
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Apr 20, 2026 / Tyler Durden
CBP To Begin First Phase Of Tariff Refunds Following Supreme Court Ruling
CBP To Begin First Phase Of Tariff Refunds Following Supreme Court Ruling
Authored by Aldgra Fredly via The Epoch Times,
U.S. Customs and Border Protection (CBP) is set to begin the first phase of its refund process for certain tariffs on April 20, following a ruling by the Supreme Court in February.
CBP will deploy the Consolidated Administration and Processing of Entries (CAPE) through its Automated Commercial Environment (ACE) system, which would allow businesses to seek refunds for tariffs they paid that were imposed by President Donald Trump under the International Emergency...
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Jun 9, 2026 / Tyler Durden
Since Lockdowns, A 12% GDP Loss; Half Of US Dollar Purchasing Power Stolen
Since Lockdowns, A 12% GDP Loss; Half Of US Dollar Purchasing Power Stolen
Authored by Jeffrey Tucker via The Brownstone Institute,
Many of us have had the intuition that the economic damage from 2020 – including industrial stoppages, monetary printing, supply-chain disruptions, extended school closures, and general population demoralization – was in fact far greater than official statistics indicate.
What follows will shore up this intuition, using new techniques and numbers from an innovative project called RealityIndex.co.
It’s true that official data is bad enough, showing a 26% loss in purchasing power, slow growth...
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May 14, 2026 / Tyler Durden
Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit
Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit
President Trump and Chinese President Xi Jinping are currently seated at the main table at a state banquet. President Xi called the visit historic, and said U.S.-China ties are "stable" amid talks with Trump's team.
President Xi offers a toast at the state banquet dinner in Beijing: "To the bright future of China-U.S. relations, and the friendship between the two peoples, and to the health of President Trump and all of the friends present." pic.twitter.com/VmJeU4Xk1f
— Rapid Response 47...
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