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14.09.26 - 02:15
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Truckers Hauled Hundreds Of Kilos Of Cartel Cocaine On US-Canada Freight Lanes (ZeroHedge)
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Truckers Hauled Hundreds Of Kilos Of Cartel Cocaine On US-Canada Freight Lanes
By Phil Brink of FreightWaves.com,
Federal prosecutors charged a California restaurant operator after agents seized more than 40 pounds of methamphetamine. Investigators found the drugs inside his residence and Hyundai Sonata, according to a federal affidavit. Searches also uncovered three firearms, a digital scale and $11,800 in cash. The operation grew from a wider organized crime investigation involving long-haul truck drivers.
A federal grand jury indicted Kawal Preet Singh, 50, on Sept. 3. The indictment contains five counts, including two methamphetamine distribution charges from May 12 and July 13. Two additional counts accuse Singh of possession with intent to distribute on Aug. 18. Each drug count involves at least 500 grams of methamphetamine. A fifth count alleges he possessed an Accu-Tek handgun to further a trafficking offense. Singh operated a Round Table Pizza restaurant in Dinuba, California. Authori...
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13.09.26 - 17:12
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UAE Meets With Iran Leaders As Tehran Teases Oman Shipping Deal (ZeroHedge)
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UAE Meets With Iran Leaders As Tehran Teases Oman Shipping Deal
Encouraging diplomatic signals emerged from the Gulf area this weekend as Abu Dhabi's crown prince met Iran's president amid efforts to secure a deal allowing more vessel transits through the highly contested Strait of Hormuz. However, the hopeful signs of de-escalation were overshadowed by days of mounting threats to alternative export routes, with Iran-backed Houthis capturing a strategic island inside another maritime chokepoint in the southern Red Sea and drone attacks shutting Saudi Arabia's East-West pipeline.
Bloomberg cites the UAE's state-run WAM news agency, which reported Sunday that Sheik Khaled bin Mohamed Al Nahyan and President Masoud Pezeshkian discussed de-escalation plans on the sidelines of the BRICS summit in India. The meeting comes as Oman seeks broader de-escalation by bringing Iran and Gulf Cooperation Council members together to discuss shipping access to the Hormuz chokepoint.
Pezeshkian has called fo...
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13.09.26 - 00:42
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Trump: Houthis ′Don′t Want′ US In Yemen - So They′re Letting Most Red Sea Shipping Through (ZeroHedge)
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Trump: Houthis 'Don't Want' US In Yemen - So They're Letting Most Red Sea Shipping Through
After it was widely reported this week that Saudi Crown Prince Mohammed bin Salman urgently sought military assistance from President Donald Trump amid the rapid Houthi takeover of Yemen's Red Sea coast from the forces of the internationally recognized Sanaa government, Trump has said the Houthis are in contact with him and have pledged to let ships through the Bab Al-Mandab Strait.
Trump is currently in Ireland. He said to reporters Saturday while meeting with Irish Prime Minister Micheal Martin, "The Houthis called us, and they don't want to fight with us. They don't want us to go after them."
He further explained that "they would much prefer not having us involved:" and so "they are letting most ships go through." The president did acknowledged they do have a ban on Saudi vessels, however.
Trump: "The Houthis called us. They don't want to fight with us....
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11.09.26 - 15:57
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Schifffahrt in Bab al-Mandab kommt unter Druck (DPA-AFX)
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ADEN/MOKKA (dpa-AFX) - Mit dem Vormarsch der mit dem Iran verbündeten Huthi-Rebellen im Jemen nimmt nach Angaben des Datenanalyseunternehmens Kpler der Schiffsverkehr im Roten Meer leicht ab. Durchschnittlich 37 Schiffe passierten zuletzt demnach täglich ......
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11.09.26 - 04:39
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Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar (ZeroHedge)
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Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar
By Tsvetana Paraskova of OilPrice.com
Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes.
While the crude oil supply is actually there, shipping it through the Strait of Hormuz remains a very risky endeavor, especially in light of the escalating U.S.-Iran tanker war in the Persian Gulf and the Gulf of Oman, while Saudi Arabia has started to move crude cargoes out of the region through the north of the Red Sea and from Egypt's Mediterranean ports.
The much longer workarounds are tying tankers and supertankers for longer with the shippers, tightening the market of available vessels so much that rates are skyrocketing to all-time highs.
For example, the benchmark daily rate for a very large crude carrier (VLCC) to ship oil from the Middle East to China has hit a record hig...
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