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Defying Iran and heading through the Strait of Hormuz is a gamble. But like all the best gambles, it is a lucrative one, so crews are inclined to fancy their odds. To counter the high insurance costs for buyers, countries such as Iraq and Qatar have been offering crude oil at steep discounts. “People just assume one ship in 12 or one ship in 15 is going to get hit by an Iranian drone, but you make enough money on the rest of them,” said Rory Johnston, founder of the market research firm Commodity Context.

Here is an abbreviated version of my paid substack from yesterday. The Hoax News Media yukked it up with stories about how stupid Trump was for suggesting we could buy Greenland. Now, a few months later, we got what we needed from Denmark and Greenland for NOTHING. Truly the art of the deal. It was the final chess piece in an all-encompassing set of arrangements to seal off Chy-na from every single choke point in the world. Get out a world PAPER map, and use red to highlight these: Choke Point #1 Back around March of 2025, Muy Macho Marco...

Rep. Thomas Massie introduced articles of impeachment against Secretary of War Pete Hegseth on Tuesday for waging the Iran war without congressional approval. Massie (R-Ky.) made the surprise announcement on the House floor, accusing Hegseth of violating the War Powers Resolution of 1973, which requires congressional authorization to conduct military operations lasting longer than 90 days. “Peter Brian Hegseth, and and his capacity as Secretary of Defense has executed unlawful orders in contravention of Section 2(c) of the War Powers Resolution of 1973,” Massie declared. “Secretary of Defense Peter Hegseth, by such conduct, has demonstrated that he will remain a...

This is a short operational update posted by U.S. Central Command. Hi, I’m Admiral Brad Cooper, Commander of U.S. Central Command, here with a message to all Americans and an operational update on missions in the Middle East. CENTCOM forces have supported more than one billion barrels of crude oil leaving the Gulf. That’s one billion barrels of crude oil out through the Strait of Hormuz in the last couple of months. We’ve reached this significant milestone while assisting over 2,000 commercial ship transits through the Strait by providing coordinated protection. Clearly, momentum is building. Primary transit lanes in the...

A faction of hardliners inside Tehran took advantage of the country’s phantom supreme leader to launch the summer attacks in the Strait of Hormuz that derailed a peace deal with the US, according to a new report. After the US and Iran agreed to the Memorandum of Understanding in June, Iranian moderates led by President Masoud Pezeshkian believed the cease-fire would create a pathway to permanently end the war. Those hopes, however, were dashed when Iran attacked three vessels sailing in the Strait of Hormuz, an attack greenlit not by Tehran’s army, but by its newly appointed paramilitary chief, Hossein...

Strategic patience for the win? Iran's regime leaders thought they could force the US to buckle by strangling the global economy at the Strait of Hormuz. The US, however, has an actual blue-water navy, and that tends to matter in blockades involving a country entirely reliant on sea trade for its only valuable export economy. As the Wall Street Journal concedes, Donald Trump's Hormuz blockade is a lot less "leaky" than the IRGC's. And as Trump himself pointed out yesterday, the Strait may not matter for very much longer anyway:By squeezing the Strait of Hormuz, both the U.S. and Iran...

Iran announced Monday it will establish a new “restricted zone” near the Strait of Hormuz within the coming days — as the flailing nation desperately tries to expand its control over the critical chokepoint. The exclusion zone will span from where the US blockade of Iran begins to other areas of the Gulf, Mohsen Rezaei, the secretary of Iran’s Supreme National Security Council, said on Sunday in an interview with state TV. Rezaei said that any ship that sails into the restricted zone will be placed on a sanctions list. “Any ship that enters this area with the intention of...

US special forces spent four months conducting a secret mine-clearing mission in the Strait of Hormuz in an attempt to open up the waterway, the Financial Times reported Sunday. Iran has said it placed mines in international and Omani waters following the outbreak of the war. The International Maritime Organization estimated in June that roughly 80 mines had been deployed along important shipping routes. The covert operation was carried out amid ongoing exchanges of strikes between the US and Iran in and around the Strait, according to people familiar with the mission. Navy SEAL divers worked with unmanned vessels, robots,...

WASHINGTON — Oman has quietly rejected Iran’s request to jointly charge service fees on commercial ships in the Strait of Hormuz, The Post has learned — averting a clash with President Trump, who has threatened to rain down bombs on the US ally. A high-ranking regional official said that Muscat declined to consent to charging fees — even on a voluntary basis — for environmental and security services, contrary to a statement last week from Iran’s Islamic Revolutionary Guard Corps. The terms of a proposed revenue-sharing deal had not been finalized, even by Tehran, a US official told The Post...

There are several ways that wars end. –One side conquers and annexes the other. –One side surrenders and gives up some of their land, treasure, and authority in a peace treaty. –One side has a domestic change of government and the new one befriends the other side. –Things reach a stalemate and the shooting stops in an ongoing, uncomfortable sort of permanent ceasefire. The USA-Iran War has never fit comfortably into such normal classifications. During the first 47 years of the war, the Twelver regime of Iran didn’t just attack the United States, but attacked countless countries and interests all...

China warned that it would “take all necessary measures” and retaliate against the US if any of its companies are included in the Trump administration’s new secondary sanctions targeting Iran.Companies based in Hong Kong and mainland China were among the entities targeted by the US after Treasury Secretary Scott Bessent announced “Operation Economic Outcast” on Monday to further isolate Iran. The US, however, stopped short of listing large Chinese financial institutions, with Beijing — Iran’s largest oil buyer — warning that it will do whatever it takes to protect its economic interests. *** “China has made clear on many occasions...

In this episode of What the Ship, we break down the top five maritime stories as of late August 2026. From high-stakes salvage operations in the Pacific to escalating economic warfare in the Black Sea, global shipping is facing unprecedented challenges. We look at how these regional disruptions are redrawing trade maps, spiking freight rates, and ultimately impacting global inflation. What the Ship (Ep 146) | Starship 40 & SLNC York Hormuz, Black Sea & Chokepoint Chaos | Containers 30:26 | What's Going on With Shipping? 713K subscribers | 34,153 views | August 24, 2026

An Iranian military spokesman said Saturday that Tehran's control over the Strait of Hormuz is "irreversible," warning that the United States must accept the new status quo or face even greater costs. "The Iranian order prevailing over the Strait of Hormuz is irreversible," Iranian army spokesman Brig. Gen. Amir Akraminia said, according to Iran's Fars news agency. "Today, the Iranian order prevails in the Strait of Hormuz, and the armed forces of the Islamic Republic of Iran stand firm until this order is fully established," Akraminia said. He said Iran's armed forces have the will and military capabilities necessary to...

On Tuesday night before getting onto Air Force One, President Donald Trump told reporters that "a lot of progress" had been made in negotiations with Iran, adding that a deal to reopen the Strait of Hormuz could come "tomorrow or the next day."

President Donald Trump is pausing plans for a major attack on Iran, he announced on Saturday with the hopes of reviving an agreement with the country. The president was mulling whether or not to hit areas that would impact foundational elements of the Islamic Republic’s grid, as well as infrastructure, according to Axios.“The U.S.A. is locked and loaded and ready to go against the Islamic Republic of Iran, at levels of Military Terror, Strength, and Power not seen since World War II,” Trump posted to Truth Social. “Despite this, we have just been asked by Iran, and other Middle Eastern...

California Forever, a controversial project with aspirations to expand Solano County by up to 400,000 residents, was dealt a blow last week as a $3 billion contract went to Texas instead. California Forever first became known to the public in 2024, when reports surfaced that a shadowy group of billionaires had purchased 65,000 largely rural acres around Suisun City and Rio Vista, making it the largest landowner in Solano County. The group announced it planned to build a new city with its acquisitions, but the idea was widely unpopular in the county. Amid dire polling numbers, California Forever pulled a...

Iran said on Monday it was still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States, after President Donald Trump halted a two-week bombing campaign that his top brass told him had run its course.Following 13 successive nights of intensifying bombing that provoked Tehran to fire on U.S. bases in response, Trump halted the campaign over the weekend. Iran said it would pause its own attacks for as long as the U.S. pause in bombing endures. Trump's decision to suspend the campaign reflected advice from his top brass that ‌the bombing,...

Any damage inflicted by Iran on ships in the Strait of Hormuz will be paid for by Iranian money that the U.S. holds, President Donald Trump said on Thursday in a Truth Social post. The comment follows after the U.S. has pounded Iran for about 12 days straight. Iran and the U.S. tore up a memorandum of understanding that sought peace after Iran repeatedly fired upon ships transiting the Strait of Hormuz. “Please let this statement serve to represent, until further notice, that from this point forth, any and all damages done to Ships, Cargo, or anything related thereto, will...

A contentious Senate hearing on a supplemental budget request of nearly $88 billion, largely earmarked to cover the ongoing war on Iran, revealed new figures about the war’s cost to date and the effects of the military’s Project Freedom initiative to escort commercial ships through the Strait of Hormuz. The hearing did little, however, to provide concrete answers on what it would take to end the conflict. Defense Secretary Pete Hegseth appeared Tuesday before the Senate Appropriations Committee alongside the Chairman of the Joint Chiefs of Staff, Air Force Gen. Dan Caine, to defend the request, more than $67 billion...

On Morning Joe's June 18th episode, Scarborough railed that the Memorandum of Understanding leaves the Iranian regime "more powerful than they've ever been."But on Wednesday's Scarborough chat-a-thon, Kim Ghattas, a contributing editor at the Financial Times, acknowledged that while Iran may appear to hold the upper hand with actions like threatening the Strait of Hormuz and inflicting casualties, the reality on the ground tells a different story. “It's very interesting to hear Richard speak about Israeli overreach and American overreach. Because I also think the Iranians are overreaching at this moment in the conflict . . . They also feel...