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Tue, 14 Apr 2026 20:40:00 +0000 Biden Prosecutors Withheld Key Evidence Against Abortion Clinic Protesters: DOJ
Biden Prosecutors Withheld Key Evidence Against Abortion Clinic Protesters: DOJ
Federal prosecutors deliberately withheld evidence while pursuing cases against individuals who protested at abortion clinics , accordin
Read more.....
Biden Prosecutors Withheld Key Evidence Against Abortion Clinic Protesters: DOJ
Federal prosecutors deliberately withheld evidence while pursuing cases against individuals who protested at abortion clinics , according to a new Department of Justice (DOJ) report released on Tuesday.
The DOJ Weaponization Working Group’s inaugural report examined what the Trump administration has called the Biden administration’s misuse of the Freedom of Access to Clinic Entrances (FACE) Act. The 1994 law makes it a federal crime to injure, intimidate, or interfere with people seeking or providing abortions or pregnancy-related services .
The working group was created in 2025 by former Attorney General Pam Bondi to investigate alleged politicization of the Justice Department.
After reviewing FACE Act prosecutions brought by the DOJ through January 2025, investigators found that prosecutors “knowingly withheld evidence that defense counsel requested to prepare an affirmative defense” and “falsely claimed to not have such information available.”
The report also concluded that the DOJ applied the law unevenly through its National Task Force on Violence Against Reproductive Health Care Providers.
“Though the FACE Act was supposed to protect both pro-choice and pro-life facilities, Biden DOJ senior leadership and Task Force Members provided extensive support to abortion clinics, yet the Biden DOJ often ignored and downplayed vandalism and attacks against pregnancy resource centers or houses of worship ,” the 882-page document states.
Investigators further uncovered evidence that DOJ personnel collaborated with abortion-rights groups to monitor and target anti-abortion activists. In several instances, abortion-advocacy organizations identified specific individuals, who were then charged by federal prosecutors.
The working group also determined that prosecutors routinely sought tougher penalties for pro-life defendants compared with those sought for individuals who supported abortion and faced charges for violent acts.
Acting Attorney General Todd Blanche said the findings confirm a “two-tiered system of justice” that will not be tolerated.
“No Department should conduct selective prosecution based on beliefs ,” Blanche stated. “The weaponization that happened under the Biden Administration will not happen again, as we restore integrity to our prosecutorial system.”
Soon after taking office in January 2025, President Donald Trump pardoned numerous individuals convicted under the FACE Act during the prior administration. The DOJ has since dismissed several pending cases and reached settlements in others to correct what it described as injustices against clinic protesters.
“The behavior unearthed in this report is shameful,” Assistant Attorney General Daniel Burrows said. “Lawyers who should have known better withheld evidence, worked to keep committed religious people off juries, and generally allowed the Department of Justice to be used as the enforcement arm of pro-abortion special interests.”
Tyler Durden
Tue, 04/14/2026 - 16:40 Close
Tue, 14 Apr 2026 20:20:00 +0000 Chinese Firm Claims It Tracked US Jets Over Iran During Operation Epic Fury
Chinese Firm Claims It Tracked US Jets Over Iran During Operation Epic Fury
Chinese Firm Claims It Tracked US Jets Over Iran During Operation Epic Fury
Authored by Ameya Paleja via Interesting Engineering ,
MizarVision, a private Chinese company specializing in geospatial intelligence, claims to have tracked US aerial refueling missions of its KC-135 and KC-46 tanker aircraft during Operation Epic Fury. A report published earlier this month analyzed these activities and provided links to strike patterns witnessed in Iran.
The recent strikes conducted by the US over the past month surprised many around the world, but data from transporters refueling flights provided valuable information about their locations.
While bombers work to keep their location under wraps, the refueling tankers continue to broadcast their locations via Automatic Dependent Surveillance-Broadcast signals, which are publicly accessible. Researchers at MizarVision claims to have used this data to determine movements of bombers, giving them more insights on how the strikes were taking place.
What bombers has the US deployed?
Prior to the ceasefire announced last week, the chairman of the Joint Chiefs of Staff, Air Force General Dan Caine confirmed that the US has staged 62 bomber missions . These involved all three of its strategic bombers, the B-1s, B-2s and B-52s.
The US Central Command had previously said that the B-1s were used to degrade Iran’s ballistic missile capabilities while the B-52s struck the command and control posts for the ballistic missiles.
Media reports also confirmed that the B-2s had dropped bunker buster bombs on a target used by the Islamic Revolutionary Guard Corps (IRGC). Now, using MizarVision’s data the US bomber strike patterns can be divided into three phases.
Three phases of Epic Fury
The report published shows US tanker operations in the initial phase, which took place between March 1 to March 5. Although intelligence was limited in these early phases, MizarVision reported a suspected refueling of a B-52H over the Mediterranean. Most of the detected aerial activity was over Israel or the Mediterranean as the US looked to gain aerial superiority in the region.
In the next phase that lasted between March 9-14, refueling tankers were spotted over Saudi Arabia and the Gulf to support B1-Bs and B-2s that were engaged in striking Iran. The company also successfully identified specific locations in the Gulf where these bombers were active between March 9 and 14.
Specifically, on March 13, the company identified a US tanker flying to Saudi Arabia, which emerged as a refueling hub during this phase of attacks. As operations reached their peak between March 15-17, tankers supported B-1B strikes.
On March 17, refueling activities over the Strait of Hormuz, as well as the entry of an airborne early warning and control plane, the E-3C Sentry, demonstrate a complete operational linkage involving warning systems, bombardment, and refueling systems . At the peak of the attack, Iranian Navy vessels were attacked as well as assets in Kharg Island, a hub for Iranian oil shipments.
Analysts at MizarVision also used artificial intelligence (AI) in this tracking, although the exact nature of the system in unclear in the process, the South China Morning Post reported.
While experts suggested that deriving exact patterns from refuelling tanker movements came with high degree of uncertainty, they were easy to spot and gave more information about possible bomber activities.
Tyler Durden
Tue, 04/14/2026 - 16:20 Close
Tue, 14 Apr 2026 19:55:00 +0000 Over 20 US-Approved Ships Pass Through Hormuz, As Trump Eyes Jump-Starting Next Pakistan Peace Talks
Over 20 US-Approved Ships Pass Through Hormuz, As Trump Eyes Jump-Starting Next Pakistan Peace Talks
Over 20 US-Approved Ships Pass Through Hormuz, As Trump Eyes Jump-Starting Next Pakistan Peace Talks
Summary
CENTCOM: "During the first 24 hours, no ships made it past the U.S. blockade & 6 merchant vessels complied with direction from US forces to turn around to re-enter an Iranian port on the Gulf of Oman," it said. WSJ: 20 US-approved ships have passed , which have not visited Iranian ports .
Diplomacy is not yet dead, as Bloomberg reports Iran is mulling a short-term pause to shipments through Hormuz Strait . Trump tells NYP talks could happen again in two days in Pakistan.
Mediators are scrambling to put together another round of US-Iran talks in the coming days: Iran is reportedly offering a 5-year moratorium on nuclear program , while US demands 20.
Saudis are among those calling for an end to the US blockade of the Hormuz Strait, amid fears the Houthis could shut down Bab al-Mandeb strait. Chinese ship testing America's Hormuz blockade appears to U-turn . North Korea said to be negotiating tolls , safe passage with Tehran.
Hezbollah’s Secretary-General Naim Qassem rejects upcoming talks between the Lebanese government and Israel, which are set for 11am in Washington, DC on Tuesday.
US x Iran permanent peace deal by June 30, 2026?
Yes 60% · No 40%View full market & trade on Polymarket * * *
Over 20 US-Approved Ships Pass Through Hormuz: WSJ
WSJ writes by close of day Tuesday: "More than 20 commercial ships have passed through the Strait of Hormuz in the past 24 hours, according to two U.S. officials. While commercial traffic is still a fraction of what it was before the war, the flow of vessels is an improvement through a critical chokepoint."
These are of course vessels 'approved' and which transited via US military coordination - and this after earlier this week a couple of sanctioned or nonapproved vessels began making their way out before deciding to turn back. More per WSJ:
The ships that crossed the strait in the last 24 hours include cargo, container and tanker vessels going into and out of the Persian Gulf, one of the officials said. Some ships have traveled without their transponders on to minimize the risk of Iranian attacks. The threat of Iranian attacks and sea mines has deterred most vessels from trying to sail through the narrow waterway during the war.
It remains that ships which aren't under sanction, and which are not visiting Iran's ports can pass through the American-imposed blockade . But oil prices and markets remain unimpressed, as this is not happening at a fast enough rate, and given the presence of mines and the lingering Iranian drone and missile threat to maritime traffic, it's not as if the proverbial flood gates of tanker traffic will open up anytime soon.
CENTCOM Gives First Major Blockade Update, Trump Hints at Talks
US Central Command (CENTCOM) has put out its first major statement and update since the Trump-ordered US naval blockade of the Hormuz Strait went into effect.
"During the first 24 hours, no ships made it past the U.S. blockade and 6 merchant vessels complied with direction from U.S. forces to turn around to re-enter an Iranian port on the Gulf of Oman," it said.
IRAN TALKS COULD BE HAPPENING OVER NEXT TWO DAYS IN PAKISTAN: TRUMP TO NY POST
US WILL ALLOW TEMPORARY WAIVER OF SANCTIONS ON IRANIAN OIL ON THE SEA TO EXPIRE THIS WEEK
"The blockade is being enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman," it added, noting that over 10,000 American military personnel are currently involved in the blockade mission. The regional US command center also published an infographic confirming which types of the various navy warships are deployed.
However, RT's correspondent is on the ground and has given a contrasting report, running up against US claims:
South Korea said to be Negotiating Tolls, Hormuz Passage with Iran
Washington has been urging countries with stranded tankers near Iran not to pay money to Tehran to allow them through the blocked Strait of Hormuz. Various tanker and maritime industry firms have also been vocally against this.
However, amid a 2-week US-Iran ceasefire, South Korea is reportedly negotiating with Iran the pass ships through Hormuz as a temporary solution. Iran state-linked Fars reports, "The South Korean Ship Owners' Association has also proposed to pay tolls for passing through the Strait of Hormuz to Iran as a short-term solution ."
As yet, there's been no confirmation of this from Seoul officials, and at the start of the month they were actively denying earlier reports that South Korea was willing to pay tolls to get its over couple dozen stranded ships through. If it happens, there would likely follow condemnation from the White House over this 'compromise' from a US ally.
Iran Could Pause Hormuz Shipping, As Chinese Tanker U-Turns
Bloomberg says Tuesday in a fresh report that "Iran is considering a short-term pause to shipments through the Strait of Hormuz to avoid testing a US blockade and scuppering a fresh round of peace talks , according to a person familiar with the Tehran’s deliberations."
"The potential pause reflects a desire to avoid immediate escalation at a sensitive diplomatic juncture as Washington and Tehran sort logistics for another face-to-face meeting, the person said, asking not to be identified as the deliberations are private," continues Bloomberg. It adds, "Holding back maritime activity for several days is seen as one possible, pragmatic step to prevent an incident that could undermine the fragile efforts to revive discussions, people familiar with the matter said."
This would be seen as short-term de-escalation, and suggests that Tehran indeed still has the desire of taking a hopeful, pragmatic approach - rather than returning the all out war by the close of the temporary ceasefire. No one is willing to completely shut the door on all diplomacy, and the bombs have been silent across the Gulf and in Iran and Israel . Per latest emerging reports:
The Nasdaq 100 looked set to notch its longest streak of gains since 2021 as optimism that the US and Iran are considering another round of peace talks pushed oil lower and lifted stocks globally.
Chinese ship testing America's Hormuz blockade appears to U-turn : Rich Starry was blacklisted by Washington in 2023 for helping Tehran evade energy sanctions.
More tracking data via MarineTraffic:
5-Years vs. 20-Year Nuclear Moratorium
More info and color has been added in the wake of failed talks between the US and Iran in Pakistan, per The New York Times citing officials from both countries. Iran signaled Monday it would halt uranium enrichment for up to five years . The Trump administration rejected the offer, according to two senior Iranian officials and one US official who spoke to the Times.
The US position, shaped in part by Vice President JD Vance, calls for a roughly 20-year suspension. Vance has argued such a timeframe is necessary to permanently limit Iran's nuclear capabilities. "The Iranians, in a formal response sent on Monday, said they would agree to up to five years, according to two senior Iranian officials and one U.S. official. Trump has rejected that offer, the U.S. official said," writes NY Times.
"The official said the U.S. has also asked Iran to remove highly enriched uranium from the country, and the Iranians have insisted the fuel stays inside Iran. But they have offered to dilute it significantly, so that it could not be used to produce a nuclear weapon," the report adds.
Sides Could Return to Islamabad for Talks
This behind the scenes back-and-forth suggests that the mediated talks might not be entirely over, also as the clock ticks away on the initial 2-week ceasefire, now a week in. US and Iranian negotiating teams plan to return to Pakistan later this week to resume talks aimed at ending the Gulf war, Pakistani and Iranian officials said Tuesday, as cited in Reuters . Other reports say the talks could be hosted in another venue.
However, US officials have not confirmed the plans, and the reality is that in Islamabad the two sides demands were very far apart , having reportedly finally collapsed on the nuclear issue.
Israel-Lebanon talks are taking a separate track, set to begin in Washington Tuesday, but Hezbollah has rejected this process - with only the Lebanese government represented.
France's President Emmanuel Macron is among those calling on Washington and Tehran to urgently resume negotiations to end the war, and to reopen the Strait of Hormuz "without controls or tolls, as soon as possible." Iran is reportedly charging steep tolls to let a handful of 'friendly' countries' vessels through - a situation which President Trump has warned against.
Saudis Push Trump To Call Off Hormuz Blockade
The NY Times has on Tuesday highlighted that "Questions over the status of the U.S. military blockade in the Strait of Hormuz persisted on Tuesday, as tracking data showed that several ships had passed through the waterway, including some that had departed from Iran."
The Wall Street Journal reported Monday evening that the Kingdom of Saudi Arabia is urging the Trump administration to reverse its newly implemented blockade of Iranian-linked shipping in the Strait of Hormuz, on immediate fears that Iranian escalation could halt Red Sea traffic. On Sunday, a senior adviser to Iranian Supreme Leader Mojtaba Khamenei said Iran has "large, untouched levers" to respond to such a blockade.
Arab officials who spoke to the Journal said Iran could retaliate by shutting down the Bab al-Mandeb, a 20-mile-wide, 70-mile-long choke point linking the Red Sea to the Gulf of Aden and the Indian Ocean. Iran could do so by leveraging the Houthis, the political and military organization that controls much of Yemen.
Saudi Arabia recently has been able to get its oil exports back up to their prewar level of around seven million barrels a day despite the blockage in the strategic strait by piping its crude across the desert to the Red Sea. Those supplies would be at risk if the Red Sea’s exit route were closed as well. -- WSJ
"If Iran does want to shut down Bab al-Mandeb, the Houthis are the obvious partner to do it, and their response to the Gaza conflict demonstrates that they have the capacity to do it," Adam Baron, an expert on Yemen at the New America policy institute, told the Journal.
More Geopolitical Latest
via Newsquawk...
The next round of talks between the United States and Iran could take place this week or early next week, according to an Iranian embassy official in Pakistan.
Pakistan’s Foreign Ministry said it has offered to host a second round of U.S.–Iran negotiations, but no date or time has been set.
Pakistani journalist Mallick said, "While Islamabad has offered to host the next round of in person talks between US and Iran, which could be held at a working level, to my understanding, date and venue for the next round has not been finalised as yet".
The United States and Iran are discussing another round of face-to-face talks to secure a longer-term ceasefire after Islamabad negotiations ended without a deal.
Officials aim to meet again before the two-week ceasefire expires next week, according to Clash report.
The Associated Press reported that a second round of talks is likely and could take place on Thursday.
U.S. Vice President JD Vance said progress was made in talks with Iran and stated that things did not go wrong.
Vance said Iran moved in the U.S. direction but not far enough.
Vance said the ball is in Iran’s court and that U.S. red lines were clearly communicated.
The United States and Iran left the door open to further dialogue after tense Islamabad talks.
A source said the sides came "very close" to an agreement and were "80% there" before hitting unresolved issues.
Iranian President Masoud Pezeshkian told French President Emmanuel Macron in a Monday phone call that Iran will negotiate only under international law.
Pezeshkian said unreasonable U.S. demands blocked an agreement in weekend talks.
He said a lack of U.S. goodwill and maximalist positions prevented finalizing a deal in Islamabad, according to IRNA.
Pezeshkian said diplomacy remains the preferred path to resolve disputes.
An Iranian National Security Committee spokesman said the end of the truce should not lead to its extension, according to Al Mayadeen.
The U.S. aircraft carrier USS George H.W. Bush is sailing off the coast of Africa toward the Middle East to join Operation Epic Fury, according to two U.S. officials cited by The Wall Street Journal.
Saudi Arabia is pressing the United States to drop its Hormuz blockade.
Gulf energy exporters warn Iran could escalate by closing the Bab al-Mandeb, according to The Wall Street Journal.
Alarms sounded in the Galilee Panhandle over concerns of potential UAV infiltration.
A Lebanese source said, "The official mandate of Lebanon's ambassador in Washington is limited to pursuing a ceasefire with Israel", according to Al Jazeera.
Switzerland is ready to support diplomatic initiatives between the United States and Iran.
Russian Foreign Minister Sergey Lavrov told Iranian Foreign Minister Abbas Araghchi that preventing further fighting is critical.
Lavrov said Moscow is on high alert to assist in a settlement.
Araghchi warned of dangerous consequences from U.S. actions.
U.S. Secretary of State Marco Rubio will host Israeli and Lebanese ambassadors for talks on Tuesday.
The talks aim to secure a ceasefire, Hezbollah disarmament, and a peace agreement, according to Axios.
A meeting between the Israeli and Lebanese ambassadors will take place Tuesday at 18:00 EDT / 23:00 BST, according to Al Jazeera citing Israeli Channel 15.
Chinese President Xi Jinping issued four proposals to maintain peace in the Middle East, according to Chinese media.
UK Deputy Prime Minister David Lammy met with U.S. Vice President JD Vance in Washington.
Lammy urged that the Iran ceasefire hold and emphasized the importance of free shipping through the Strait of Hormuz.
* * *
Tyler Durden
Tue, 04/14/2026 - 15:55 Close
Tue, 14 Apr 2026 19:45:00 +0000 Fed Chair Nominee Kevin Warsh Reveals Assets Worth Over $190 Million
Fed Chair Nominee Kevin Warsh Reveals Assets Worth Over $190 Million
Trump's nominee for next Fed Chair, Kevin Warsh, disclosed assets with his wife, heiress Jane Lauder, that total at least $192 million, though - according to Bloom
Read more.....
Fed Chair Nominee Kevin Warsh Reveals Assets Worth Over $190 Million
Trump's nominee for next Fed Chair, Kevin Warsh, disclosed assets with his wife, heiress Jane Lauder, that total at least $192 million, though - according to Bloomberg - "the actual figure for their holdings is certainly much higher", underscoring the extent of his close ties to Wall Street through personal investments and advisory positions. Warsh, who was chosen in January by President Donald Trump to succeed Jay Powell, received more than $13 million in consulting fees last year, including $10.2 million from billionaire hedge fund manager Stanley Druckenmiller’s family office, Duquesne.
The figures are part of financial disclosures submitted by Warsh ahead of his confirmation hearing for Fed Chair that is scheduled for next week. They underscore that Warsh, who previously served on the US central bank’s Board of Governors from 2006 to 2011, will be among the wealthiest to hold the Fed chair position.
His 69-page filing , published by the Office of Government Ethics on Tuesday, also reveals hundreds of millions of dollars in assets held by himself and his wife, Estée Lauder heir Jane Lauder.
Warsh has more than $100 million invested in multiple funds run by Duquesne, including $50 million in a fund called Juggernaut. Its underlying assets were not disclosed because of a confidentiality agreement.
The Fed chair nominee’s disclosures reveal a constellation of advisory work for financial institutions, including the hedge fund GoldenTree Asset Management, for which he received $1.6mn, and private equity firm Cerberus Capital Management, for which he received $750,000.
Warsh received more than $1.5 million for what the disclosures refer to as honoraria, primarily for speaking engagements, including $750,000 from hedge fund Brevan Howard for three different occasions.
He also has assets tied to dozens of start-up companies, especially ones related to AI, and several with a focus on crypto. About 60 holdings could not be disclosed because of confidentiality agreements but will be divested if he is confirmed as Fed chair , according to the disclosure.
In his ethics agreement submitted with the disclosures, Warsh has promised to divest from certain holdings and to resign from board positions and other roles, including as a director at United Parcel Service. Warsh is married to Lauder, the daughter of prominent Republican donor Ronald Lauder - the son of makeup scion Estee Lauder.
As Bloomberg notes, while nominees disclose the value of their assets in broad ranges, with the higher end peaking at $50 million, their spouses use different ranges, topping out at those listed as over $1 million. Two of Warsh’s assets - titled the Juggernaut Fund - each were valued at more than $50 million, while his wife listed more than 30 assets in the $1 million plus category, including her shares in Estee Lauder Cos.
Other public data on Jane Lauder’s holdings illustrate how vague the government disclosures can be. Lauder currently holds $1.5 billion in Estee Lauder stock directly and through two family trusts, according to the Bloomberg Billionaires Index. She’s also collected more than $450 million in lifetime dividends on those holdings and has sold more than $83 million in stock since 2003, according to the index.
Warsh pledged in his paperwork to recuse himself from policy decisions that might affect Estee Lauder.
“I will not participate personally and substantially in any particular matter that to my knowledge has a direct and predictable effect on the financial interests of the Estee Lauder Companies unless I first obtain a written waiver,” Warsh wrote.
The extent of Warsh’s wealth - which is substantially bigger than current Fed Chair Jerome Powell whose assets were estimated at more than $100 million when he was nominated for his first term in 2017, and who worked for the private equity firm Carlyle before joining the Fed, and which would easily make him the richest Fed chair in history - is expected to attract scrutiny from Democratic members of the Senate banking committee.Trump’s second administration has multiple independently wealthy members, including the president himself, Treasury secretary Scott Bessent, who previously worked as a hedge fund manager, and commerce secretary Howard Lutnick, the former chief executive of Cantor Fitzgerald.
Warsh is required to list his and his close family members’ investments as part of congressional rules that mean all appointees for Senate-confirmed roles must publish financial disclosures ahead of confirmation hearings.
Warsh will face the banking committee for his nomination hearing next week, chair Tim Scott, Republican senator for South Carolina, said on Fox Business on Tuesday. A vote on the Senate floor, where he needs a majority of 51, is expected to be delayed as senators insist the Department of Justice drop a criminal investigation into Powell.
As the FT notes , several of Congress’s 53 Republican senators, led by North Carolina’s Thom Tillis, have expressed concerns about an investigation they believe represents an attempt by Trump to rein in the Fed’s capacity to set interest rates free from political pressure.
Powell’s second term as Fed chair officially ends in mid-May, but the Fed chair could stay on past that date should Warsh’s nomination fail to reach the Senate floor before then due to the probe.
Since stepping down as Fed governor in 2011, Warsh has worked as a partner at the family office of Druckenmiller, the famed macro investor who has kept a low profile since converting his hedge fund into a family office.
Warsh said in a letter that accompanied the release of his disclosure that he would divest any interest in Duquesne and related outfits between his confirmation and assuming the duties of Fed chair. Heather Jones, an OGE official, said Warsh would be in compliance with government rules once he divests the assets specified in the letter.
Warsh would also resign from many of his other positions and divest his interests in other firms before taking the helm of the world’s most important central bank. While he would also resign from his advisory company Vicarage Stable, he said he would “continue to have a financial interest in this entity” and receive passive investment income from it.
The Fed also has its own rules on what investments officials are allowed to hold, with interests in financial institutions limited. Fed officials are also banned from holding certain financial instruments. Its regulations stipulate that officials cannot buy or sell assets around monetary policy meetings.
Warsh was independently wealthy before joining the Fed as its youngest-ever governor in 2006. He worked at Morgan Stanley from 1995 to 2002, rising to Executive Director of Mergers and Acquisitions, followed by a role as Special Assistant to President George W. Bush for Economic Policy and Executive Secretary of the National Economic Council
Since leaving the Fed, he has also worked for Stanford University’s Hoover Institution, an organisation renowned for hawkish views on monetary policy. Hoover paid Warsh a salary of $150,000 last year — a figure dwarfed by consulting fees and honoraria from dozens of financial firms.
His full filing is below (pdf link )
Kevin Warsh Federal Reserve Financial Discloure 2026 by Zerohedge
Tyler Durden
Tue, 04/14/2026 - 15:45 Close
Tue, 14 Apr 2026 19:20:00 +0000 Secretary Wright Sees "Few More Weeks" Of High Gas Price As Memorial Day Travel Nears
Secretary Wright Sees "Few More Weeks" Of High Gas Price As Memorial Day Travel Nears
Energy Secretary Chris Wright appeared on Fox News on Tuesday morning and said, "Yes, we have gas prices today over $4 a gallon. That's still a do
Read more.....
Secretary Wright Sees "Few More Weeks" Of High Gas Price As Memorial Day Travel Nears
Energy Secretary Chris Wright appeared on Fox News on Tuesday morning and said, "Yes, we have gas prices today over $4 a gallon. That's still a dollar less than they were during the Biden administration, and we're ending the 47-year conflict with Iran."
Wright noted, "It does mean higher prices today. It probably means higher prices for a few more weeks . But I'm proud of President Trump."
"This is the road to more secure and lower long-term energy supplies, but it does mean higher prices today and probably for a few more weeks ," he said, adding, "It does cause a few weeks of dislocation to the American economy, but we will get through it and reach a much better place afterward."
Related:
As of Tuesday morning, more than 10,000 U.S. airmen, sailors, and Marines are enforcing the blockade of the Strait of Hormuz, according to U.S. Central Command. Talks between the U.S. and Iran could resume later this week , two people familiar with the ongoing negotiations told NBC News.
The latest data from AAA show that the U.S. national average for 87-octane gasoline at the pump is around $4.12 per gallon, while the national average for diesel is around $5.65 per gallon.
The $4 gasoline price level is politically sensitive, but meaningful demand destruction typically does not begin until prices approach $5. Still, the recent fuel price shock is the largest on record for both types of fuel.
The Trump administration has 41 days until Memorial Day weekend, one of the biggest driving holidays of the year.
Tyler Durden
Tue, 04/14/2026 - 15:20 Close
Tue, 14 Apr 2026 19:00:00 +0000 USA Rare Earth Actively Pursuing Acquisition Opportunities Around The World
USA Rare Earth Actively Pursuing Acquisition Opportunities Around The World
At the Semafor World Economy forum, USA Rare Earth CEO Barbara Humpton explained that the company is actively pursuing acquis
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USA Rare Earth Actively Pursuing Acquisition Opportunities Around The World
At the Semafor World Economy forum, USA Rare Earth CEO Barbara Humpton explained that the company is actively pursuing acquisition opportunities worldwide across the entire critical minerals supply chain. This includes everything from extraction and refining to magnet production.
Highlighting the company’s international strategy, she pointed to a recent agreement to acquire a stake in Carester, a rare earth processing firm based in France, in partnership with French investor Infravia, according to Semafor .
Speaking in Washington, DC, Humpton noted that this move will soon enable the company to establish a processing operation in Europe capable of supplying both European and Asian markets.
She emphasized that the company’s priority is to secure the highest-quality assets available, regardless of whether they are located within the United States or abroad.
Humpton also revealed that USA Rare Earth is preparing to begin metal production at its facility in Stillwater, Oklahoma. This site is expected to become the first fully integrated rare earth metal and magnet manufacturing operation in the Americas.
Semafor writes that meanwhile, in January, the Trump administration announced a $1.6 billion investment in the company. The funding is intended to support both a mining project in Texas and the Oklahoma manufacturing facility.
This investment aligns with broader U.S. efforts to reduce reliance on Chinese imports, as China currently dominates the global rare earth mining and processing industry. As part of this strategy, the government has taken stakes in several domestic producers and is working toward establishing a national reserve of critical minerals.
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Tyler Durden
Tue, 04/14/2026 - 15:00 Close
Tue, 14 Apr 2026 18:20:00 +0000 Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020.
"The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist."
The IEA said the US-Iran conflict and the disruption of the Hormuz chokepoint have flipped the global oil market from a growth year to one of demand destruction, with world oil demand now expected to decline by 80,000 barrels per day rather than expand by 730,000 bpd as previously forecast.
Tanker flows through the world's most critical waterway collapsed to around 3.8 million bpd in early April, down from more than 20 million bpd pre-conflict, while alternative export routes, mainly pipelines from Saudi Arabia, the UAE, and Iraq, only partially offset the disruption. The end result is an overall export loss of a staggering 13 million bpd.
Physical oil markets have tightened significantly worldwide, with spot crude and refined product prices rising above futures prices. North Sea Dated crude traded near $130 a barrel, and physical cargoes briefly approached $150.
IEA noted that the wave of demand destruction hit the Middle East and Asia-Pacific hardest, especially in naphtha, LPG, and jet fuel, as petrochemical plants slashed operating rates, flights were canceled, and households and businesses faced fuel shortages and price shocks.
Strategic reserves are being drained to cushion the shock. Global observed oil stocks fell by 85 million barrels in March, with large drawdowns outside the Gulf, while crude and product storage jumped in the Gulf area because of the Hormuz disruption.
Two weeks ago, JPMorgan's top commodity expert described how the demand destruction crisis would spread from the Gulf area, hitting Asia first, then Africa and Europe, before ultimately affecting the US, especially California.
Source
Last week, IEA boss Fatih Birol warned in an interview with Financial Times about countries' panic hoarding crude and crude products.
"I urge all countries not to impose bans or restrictions on exports ," Fatih Birol emphasized in the interview. "It is the worst time when you look at the global oil markets. Their trade partners, their allies and their neighbors will suffer as a result ."
The FT noted that Birol was "careful not to name China directly," but made very clear his warning was likely aimed at Beijing , which has already moved to restrict exports of critical refined products, including gasoline, diesel, and jet fuel.
Jeff Currie of Carlyle recently outlined the hoarding risks in a note titled "A Crude Awakening ": "The physical shortfall is the trigger; the behavioral response is the multiplier."
The IEA's base case in today's new report assumes tanker flows from the Gulf region will begin to recover by mid-year, though not return to pre-war levels. It also warned that if the conflict drags on, energy markets and countries highly exposed to Gulf flows should brace for even more severe disruptions in the months ahead.
Tyler Durden
Tue, 04/14/2026 - 14:20 Close
Tue, 14 Apr 2026 17:40:00 +0000 Appeals Court Terminates Criminal Contempt Proceedings Against Trump Admin
Appeals Court Terminates Criminal Contempt Proceedings Against Trump Admin
Appeals Court Terminates Criminal Contempt Proceedings Against Trump Admin
Authored by Stacy Robinson via The Epoch Times (emphasis ours),
An appeals court has put a stop to criminal contempt proceedings initiated by a district judge against the Trump administration.
District Judge James Boasberg, chief judge of the District Court for the District of Columbia, stands for a portrait at E. Barrett Prettyman Federal Courthouse in Washington on March 16, 2023. Carolyn Van Houten/The Washington Post via AP
An appeals court has put a stop to criminal contempt proceedings initiated by a district judge against the Trump administration.
In a brief, unsigned order on April 14, the Court of Appeals for the D.C. Circuit vacated a previous order by U.S. District Judge James Boasberg, and ordered him to terminate the contempt investigation he launched in December.
“Today’s decision by the DC Circuit should finally end Judge Boasberg’s year-long campaign against the hardworking Department attorneys doing their jobs fighting illegal immigration ,” Acting Attorney General Todd Blanche wrote on X.
The contempt proceedings stemmed from the deportation of illegal immigrants—suspected gang members—to El Salvador’s Terrorism Confinement Center, or CECOT, last year. Boasberg had ordered planes carrying those detainees halted and turned around, but the men were sent to El Salvador anyway.
The Trump administration had appealed Boasberg’s order all the way to the Supreme Court, which overturned his ruling. Despite that, Boasberg tried to hold members of the administration in contempt of his order unless they returned the suspected gang members to the United States.
Boasberg reasoned that, though the Supreme Court ruled his previous order was in error, that didn’t excuse the federal government from violating it ahead of time.
The appeals court blocked that move by vacating Boasberg’s contempt order, but he decided to move ahead with a contempt investigation in November. He ordered a
hearing , where he informed both parties that he would launch an inquiry to learn who was responsible for the violation of his order.
“I certainly intend to find out what happened on that day,” Boasberg told attorneys for the Department of Justice (DOJ) at the Nov. 19, 2025, proceedings. He asked the government to identify who made the decision to go ahead with the deportations.
Then-Homeland Security Secretary Kristi Noem made the decision, the Trump administration later informed the court.
But Boasberg was unsatisfied and “the district court again moved the goalposts,” Circuit Judge Neomi Rao wrote. On Dec. 8, 2025, Boasberg ordered a further investigation to find out whether Noem’s decision was a “willful violation” of his order.
“Undeterred, the district court is proceeding with criminal contempt for the government’s decision to transfer the plaintiffs to the custody of El Salvador,” Rao wrote.
She added that the Appeals Court needed to intervene again “to prevent the district court from assuming an antagonistic jurisdiction that encroaches on the autonomy of the Executive Branch.”
In a 2–1 decision, the appeals court ruled that Boasberg, by ordering an inquiry into why his order was defied, was trying “to probe high-level Executive Branch deliberations about matters of national security and diplomacy.”
Apart from that, Rao wrote, the government did not violate Boasberg’s written order by turning the deportees over to the El Salvadoran government.
“These proceedings are a clear abuse of discretion, as the district court’s order said nothing about transferring custody of the plaintiffs and therefore lacks the clarity to support criminal contempt based on the transfer of custody,” she wrote.
In a dissenting opinion, Circuit Judge J. Michelle Childs said the question wasn’t quite so simple and that Boasberg was right to order further investigation. She cited a transcript of Boasberg’s oral order—given a little while before his written order was issued—in which he plainly told the government to bring the detainees back to the United States.
“However that’s accomplished, whether turning around a plane or not embarking anyone on the plane or those people covered by this on the plane, I leave to you,” Boasberg had told DOJ attorney Drew Ensign during an emergency hearing last March.
Childs also wrote that the April 14 ruling sets a dangerous precedent.
“Now, any litigant can argue, based on their preferred interpretation of a court’s order, that they did not commit contempt before contempt findings are even made,” she wrote.
Tyler Durden
Tue, 04/14/2026 - 13:40 Close
Tue, 14 Apr 2026 17:20:00 +0000 Et Tu, Indonesia!
Et Tu, Indonesia!
As the squeeze continues on China's energy supply (and Xi has started to lash out Read more.....
Et Tu, Indonesia!
As the squeeze continues on China's energy supply (and Xi has started to lash out here and here ), we suspect the next words out of the Chinese leader's mouth (if he spoke Latin) will be "...et tu, Indonesia!"
As Stephen Green writes at PJMedia, it might have seemed like one of those dry, bureaucratic, almost meaningless announcements on Monday, when War Secretary Pete Hegseth posted on X that the U.S. and Indonesia "are elevating our relationship to a Major Defense Cooperation Partnership ."
This arrangement “will explore mutually agreed cutting-edge initiatives, including co-developing sophisticated asymmetric capabilities pioneering next-generation defense technologies in the maritime, subsurface, and autonomous systems domains, and cooperating on maintenance, repair, and overhaul support to improve operational readiness.”
In parallel, it was reported that “US, Indonesia discuss allowing US military overflight in Indonesian airspace ” , which refers to a “preliminary draft that is being discussed internally” right now, but the writing is on the wall that the US aims to leverage their MDCP to this end.
But a Major Defense Cooperation Partnership is kind of a big deal - and it's aimed directly at China's oil imports .
China's difficulties begin in the Strait of Hormuz, but they peak at Malacca.
Nearly two-thirds of China’s imports - largely the raw materials that keep its export machine humming - and a whopping 80% of its energy imports pass through Indonesia’s Strait of Malacca .
As Andrew Korybko notes , the grand strategic goal being pursued is Under Secretary of War Elbridge Colby’s “Strategy of Denial ”.
The gist is that the US must do its utmost to prevent Chinese hegemony in Asia , in furtherance of which it’s indirectly controlling or cutting off Chinese resource imports (Venezuela and Iran ) and seeking control over global chokepoints (Hormuz, Malacca, and the Panama Canal), with everything accelerating ahead of Trump’s trip to China from 14-15 May.
Trump hopes that this will coerce Xi into a lopsided trade deal.
"The game is not to control Venezuela and Iran to choke China..." Zoltan Pozsar of advisory firm Ex Uno Plures wrote in a March note.
And you might ask why Trump is squeezing China. Well, as Pozsar pointed out, "The aim is not to deny energy to China. The aim is to level the playing field between the two countries. To be blunt, in ways I couldn't be at Credit Suisse: if you fuck me on rare earths, I fuck you on energy ."
Tyler Durden
Tue, 04/14/2026 - 13:20 Close
Tue, 14 Apr 2026 17:00:00 +0000 US Carrier Takes Long Route To Gulf To Avoid Bab el-Mandab Strait And Houthis
US Carrier Takes Long Route To Gulf To Avoid Bab el-Mandab Strait And Houthis
US Carrier Takes Long Route To Gulf To Avoid Bab el-Mandab Strait And Houthis
By Mallory Shelbourne of USNI News
Aircraft carrier USS George H.W. Bush (CVN-77) is operating off the coast of Namibia, as it sails around the African continent and is set to join a growing naval force in the Arabian Sea amid a U.S. blockade of the Strait of Hormuz, USNI News has learned.
USS George H.W. Bush (CVN-77) transits the Atlantic Ocean, Feb. 15, 2026. US Navy photo
Bush, which deployed at the end of March , did not sail through the Strait of Gibraltar and into the Mediterranean Sea, a typical transit for East Coast-based carriers headed to the Middle East. The carrier and its escorts – which include USS Donald Cook (DDG-75), USS Mason (DDG-87) and USS Ross (DDG-71) – are instead sailing around Africa, two defense officials confirmed to USNI News on Monday. Supply-class fast oiler USNS Arctic (TAOE-8) is also operating with the Bush Carrier Strike Group.
The path around Africa allows the carrier and its escorts to avoid transiting the Red Sea and the Bab el-Mandeb, which were both hubs of activity for the Houthis in their drone and missile attacks on U.S. and commercial shipping in 2024 and 2025.
Bush ’s transit around Africa comes as the U.S. initiates a blockade of the Strait of Hormuz following a Sunday announcement from President Donald Trump.
U.S. Central Command subsequently issued a statement explaining how U.S. forces would execute a blockade of the crucial waterway that has been a main flashpoint since the U.S. and Israel launched the war against Iran at the end of February.
“The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman,” reads the Sunday CENTCOM statement. “CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.”
A Monday notice issued to mariners, obtained by USNI News, said a so-called “grace period” that would allow neutral ships at Iranian ports to leave ended at 10 a.m. Eastern time Monday.
“Following this time, any vessel entering or departing the blockaded area without authorization is subject to interception, diversion, and capture,” reads the notice.
“Neutral vessels may still be subject to the right of visit and search to determine the presence of contraband cargo,” the notice continues. “Humanitarian shipments including food, medical supplies, and other goods essential for survival of the civilian populations will be permitted, subject to inspection.”
In a Monday appearance at the Atlantic Council, Chief of Naval Operations Adm. Daryl Caudle spoke about the considerations for a blockade of the Strait of Hormuz, including the risk of mines, how contested the airspace is and whether allies and partners join in the blockade.
“I mean, this is a major undertaking that would have to take place here to do this effectively,” Caudle said. “And of course all that’s bounded by a legal structure – a ‘rules of engagement,’ the legal aspects of this, having good firm legal structure that underwrites the ability to enforce a blockade.”
A U.S. carrier has not transited the Bab el-Mandeb since USS Dwight D. Eisenhowe r (CVN-69) sailed through the strait in December 2023, shortly after the Houthis started their campaign of attacks on shipping in the Red Sea. U.S. destroyers that transited the Bab el-Mandeb in recent years have come under sustained attacks from Houthi forces.
Before Trump announced the blockade, two U.S. guided-missile destroyers sailed through the Strait of Hormuz and briefly operated in the Persian Gulf on Saturday, several days after the Trump administration announced a two-week ceasefire with Iran while American and Iranian officials continued negotiations.
USS Frank E. Petersen (DDG-121) and USS Michael Murphy (DDG-112) entered the strait to start “setting conditions for clearing mines,” USNI News reported at the time. The talks between Iran and the U.S. fell apart late Saturday, according to reports.
The Japan-based Tripoli Amphibious Ready Group – which includes big-deck amphibious warship USS Tripoli (LHA-7), amphibious transport dock USS New Orleans (LPD-18) and dock landing ship USS Rushmore (LSD-47) – is currently operating in the Arabian Sea.
The Abraham Lincoln Carrier Strike Group – featuring USS Abraham Lincoln (CVN-72), USS Spruance (DDG-111) and Petersen – is also in the Arabian Sea. There are also seven independently-deployed guided-missile destroyers operating in the waters.
Tyler Durden
Tue, 04/14/2026 - 13:00 Close