By Tyler Derden – Zerohedge

DHL Group CEO Tobias Meyer warned Bloomberg TV earlier this morning that a persistent Gulf energy shock could morph into broader trouble for the global economy.

“Well we have seen this before, that you have recognized by consumers as having an impact that sparks broader discussion, the real economic implications for people. Now, this hasn’t happened yet. We’re trying to prevent that from happening. The 10, 12 million barrels of crude oil per day, it will come to that tipping point. Solutions are needed and political momentum is building up to resolve the situation in the Strait of Hormuz,” Meyer said. Continue reading “DHL CEO Warns Prolonged Energy Shock Could Push Global Economy To “Tipping Point””

By Middle East Eye

People walk near an anti-US billboard on a building in Tehran, Iran, on 16 April 2026 (Reuters/Thaier Al-Sudani)

Iran on Saturday denied US claims that it agreed to transfer its enriched uranium abroad and signalled that the Strait of Hormuz has been closed again due to Washington’s ongoing naval blockade.

On Friday, President Donald Trump said the US would maintain a naval blockade on Iranian ports, imposed earlier this week, until a final agreement between the two countries is reached.

The blockade was imposed in response to Iran’s effective closure of the Strait of Hormuz, which Tehran ended on Thursday following a US-brokered 10-day ceasefire to halt Israel’s war in Lebanon. Continue reading “Iran signals re-closure of Hormuz as it rejects uranium transfer abroad”

By Tyler Derden – Zerohedge

Ukraine is pushing Israel to seize a grain shipment it says was looted from Russian-occupied territory as the war persists in the east.

At the moment it does not appear that Israel complied with any interdict of the vessel, also as reports say the cargo is already offloaded and gone.

Continue reading “Ukraine Urges Israel To Act Against Russian Ship Carrying ‘Stolen’ Grain To Haifa Port”