The strategic targeting of oil tankers in global shipping lanes is intensifying as geopolitical tensions rise. Drone strikes and boarding operations are transforming maritime routes into contested zones, particularly around critical hubs like Iraq’s Al-Basrah Oil Terminal. This escalation marks a dangerous shift from economic pressure to physical interdiction, raising fundamental questions about maritime security and the stability of global energy supply chains.
about Oil Tanker Conflicts Escalate Amid Sanctions Warfare
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Generated 0 posts last week Trump Unveils New Tariffs on Key Trading Partners
President Donald Trump has rolled out a fresh wave of tariffs on imports from Algeria, Libya, Iraq, Sri Lanka, Brunei, Moldova, and the Philippines, with rates ranging from 20% to 30%. The updated tariffs, set to take effect in August, reflect minor adjustments from initial proposals—such as reductions for Iraq and Sri Lanka. Trump began notifying affected countries earlier this week, emphasizing his administration’s push for trade concessions. The announcement follows a deadline for negotiations, with additional tariff details expected later in the day. Trade expert Brett Bruen weighs in on the implications of these measures.
about Trump Unveils New Tariffs on Key Trading PartnersIraq Aims for Gasoline Self-Sufficiency, Oil Exports
Iraq is on track to become self-sufficient in gasoline production in 2024, eliminating the need for imports. Prime Minister Mohammed Shia Al-Sudani revealed that the country also aims to export surplus oil products once ongoing refinery-expansion projects are finalized. This development marks a significant step toward energy independence and economic growth for Iraq, leveraging its vast oil resources to meet domestic demand and expand into global markets.
about Iraq Aims for Gasoline Self-Sufficiency, Oil ExportsMiddle East Tensions: Historical Conflicts & Nationalism
The text discusses how historical conflicts, like Saddam Hussein’s 1980 attack on Iran, were driven by misjudgments and nationalism, leading to prolonged instability. It draws parallels to current tensions, where alliances and perceptions of power still influence regional dynamics. The Iraq-Iran War serves as a cautionary tale about the consequences of underestimating political resilience in the Middle East.
about Middle East Tensions: Historical Conflicts & NationalismLykke Business Bankrupt Richard Olsen Faces Legal and Financial Troubles
Lykke Business, the crypto trading platform, was declared bankrupt on December 16, with founder Richard Olsen facing accusations of misappropriating customer funds and delaying the company’s closure. Despite claiming financial strength, Olsen’s assets reportedly stand at zero, raising questions about his financial management and intentions to save the company. Legal actions are being considered by affected customers, while the authorities must navigate this complex case in Switzerland’s first major crypto scandal.
about Lykke Business Bankrupt Richard Olsen Faces Legal and Financial Troubles