The Strait of Hormuz isn’t totally closed. Meet the ‘shadow fleet’
In December 2025, the U.S. seized a sanctioned tanker flying the flag of Guyana, where it wasn’t registered. The vessel was, in legal terms, stateless.
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The shadow fleet and illegal oil are still moving through the Strait of Hormuz
This morning, three vessels were struck attempting to transit the Strait of Hormuz. The Strait is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping by more than 90%. Iran […]
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Bill Ackman is a self-described ‘Buffett devotee’—and wants his $28 billion Pershing empire to be the ‘modern-day’ Berkshire
Taking Pershing Square public may be his boldest step yet toward emulating Buffett’s playbook.
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Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war
The energy crunch is forcing governments to adopt extreme measures to save fuel; in Thailand, government employees are being asked to take the stairs.
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Farage forgets which country he aims to govern
In domestic and foreign policy, the British right’s vulnerability is its America-worship
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Mandelson papers: what do they show?
Top Starmer aide warned US envoy’s appointment was ‘weirdly rushed’, while disgraced peer sought £547,000 payout