Archive for the 'Economy' Category
U.S. Sinks Iranian Minelayers as Reports Say Tehran Is Mining the Strait of Hormuz
March 10th, 2026Via: CNBC: American forces on Tuesday sunk several Iranian ships, including 16 minelayers, near the Strait of Hormuz, according to the U.S. Central Command, amid reports that Tehran was seeking to mine the waterway critical to global energy supplies. The U.S. announcement followed a post by President Donald Trump that said if Iran had put […]
Yann LeCun Raises $1 Billion to Build AI That Understands the Physical World
March 10th, 2026Via: Wired: Advanced Machine Intelligence (AMI), a new Paris-based startup cofounded by Meta’s former chief AI scientist Yann LeCun, announced Monday it has raised more than $1 billion to develop AI world models. LeCun argues that most human reasoning is grounded in the physical world, not language, and that AI world models are necessary to […]
EMERGENCY: KUWAIT DECLARES FORCE MAJEURE, CUTS OIL PRODUCTION
March 7th, 2026Via: Bloomberg: Kuwait Petroleum declared force majeure — a legal clause allowing a company not to fulfill contractual obligations because of circumstances outside its control — on sales of oil and refinery products, according to a notice seen by Bloomberg. The country produced about 2.57 million barrels a day of oil in January, according to […]
EMERGENCY: ISRAEL ATTACKS IRAN’S OIL AND GAS FACILITIES
March 7th, 2026Perhaps this is also a war against China: China has emerged as the largest buyer of Iranian crude, importing more than 80% of Iran’s oil exports in 2025. This amounted to around 1.38 million barrels per day, roughly 13–14% of China’s total seaborne crude imports, according to Kpler. Tehran’s oil has limited buyers due to […]
U.S. Military-Industrial Complex Agrees To Quadruple Bomb Production As Operation Epic Fury Rages On
March 7th, 2026War Is A Racket, 2026 edition. Via: ZeroHedge: Dwindling supplies of critical munitions are being amplified by Ukraine’s continued need for interceptors amid relentless Russian missile and drone barrages, a major problem that likely prompted President Trump to host top U.S. defense manufacturers to discuss accelerating missile and bomb production. “We just concluded a very […]
And Now… U.S. Asks Ukraine’s Help To Shoot Down Iran’s Shahed Drones In Gulf
March 7th, 2026I don’t even know where to start… Via: ZeroHedge: In the ultimate irony of ironies, Financial Times is reporting US officials are discussing the purchase of Ukrainian-made drone interceptors to counter Iranian drones, which some analysts say have proven harder to stop than expected. Patriot missile interceptors used by US allies cost more than $4 […]
OIL UP 38% SINCE START OF IRAN WAR
March 6th, 2026Via: Yahoo Finance: US oil prices notched their biggest weekly gain since at least 1985 on Friday as the conflict headed toward the one-week mark and the critical Strait of Hormuz remained essentially closed off to through-traffic. US benchmark West Texas Intermediate crude (CL=F) gained over 38% since the close of trading on Friday before […]
TRUMP DEMANDS IRAN’S UNCONDITIONAL SURRENDER
March 6th, 2026Via: USA Today: President Donald Trump demanded Iran’s ‘unconditional surrender’ in a social media post Friday morning, insisting “there will be no deal” to end his now seven-day-old war with the battered Persian Gulf power. Trump said the United States and its allies “will work tirelessly to bring Iran back from the brink of destruction, […]
Iran Attacking Energy Facilities and Ports of Gulf Arab States
March 3rd, 2026Via: The War Zone: Iran appears to be increasingly focusing its retaliatory attacks against energy production infrastructure in Gulf Arab States. The U.S.-Israeli operation against Iran is also continuing at a significant tempo, including a major new wave of Israeli strikes going after leadership targets in Tehran. Readers can catch up on previous developments in […]
QATAR CEASES LIQUEFIED NATURAL GAS PRODUCTION
March 2nd, 2026Via: OilPrice: Qatar’s state-owned energy giant QatarEnergy has stopped all liquefied natural gas (LNG) production, shutting down the country’s entire LNG output after Iranian drone strikes hit its major facilities at Ras Laffan and Mesaieed. The shutdown removes roughly 20% of the world’s LNG supply from the market and sends ripples through already volatile global […]
