Washington Counts 40 Ships Through Hormuz. Commercial Trackers Count a Dozen.
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US officials describe dozens of escorted ships and up to 18 million barrels a day crossing Hormuz. Commercial trackers record about a dozen transits against a pre-war hundred — and the insurance market has already picked a side.
The “Biggest Oil Deal in World History” Pays Venezuela Less Than It Earned Last Year
Trump announced US majority control of 65 billion barrels of Venezuelan reserves. Caracas put the figure at $209 billion over 25 years — about $8.4 billion a year, against the $18.4 billion Venezuela earned in 2025. No contract text exists, and $170…
Washington Revived a Dead 1930 Tariff Law Against Canada. Read the Exclusion List, Not the Rate.
The US invoked Section 338 of the Tariff Act of 1930 for the first time in the statute's history, hitting Canada with 50% duties. But energy, potash and critical minerals were carved out — and that tells you more than the headline number does.