Aggregator
Emilia Clarke: I was ‘convinced that I was meant to die’ after suffering multiple brain aneurysms
CIA accused of snatching JFK, MKUltra files Tulsi Gabbard’s team was reviewing
Kelly Ripa Fawns Over Mark Consuelos’ Butter Yellow Cardigan On ‘Live’: “You’re Like Sexy Mr. Rogers”
Huge fitness facility with affordable apartments to replace Downtown NYC blight
Iran claims it deployed small submarines to cause more chaos in Strait of Hormuz
Indian Ship Sunk Near Oman; Iranian Commandos Seize Vessel Off UAE
Summary:
-
Indian Cargo Ship Sinks in Suspected Drone Attack off Oman
-
Iranian Commandos Board & Seize Honduras-Flagged Ship Off UAE
Maritime data company Windward revealed on X:
Indian cargo vessel sunk by suspected drone attack off Oman The MSV HAJI ALI (MMSI: 419908021) has gone down in the Strait of Hormuz region. The 57m vessel was running dark (AIS disabled) at the time of the incident.
The ship had recently transited from Somalia. All crew members have been successfully rescued. No fatalities reported. Note: As a vessel under 500 GT, it does not have a formal IMO number.
This incident highlights the escalating risks for smaller commercial vessels operating in regional chokepoints. While attention is often on large tankers, small tonnage like the Haji Ali is increasingly exposed in this shadow war.
Iranian Commandos Board & Seize Honduras-Flagged Ship Off UAEIt appears the Iranians have boarded and seized another ship in the Persian Gulf region - this time as the vessel was anchored off the coast of the United Arab Emirates, and while it was reportedly en route to Iranian territorial waters.
The UK Maritime Trade Operations (UKMTO) said Thursday that the vessel was seized by "unauthorized personnel", with the initial incident being reported about 38 nautical miles northeast of the UAE port of Fujairah.
via ReutersThe agency said the ship's company security officer reported that "the vessel has been taken by unauthorized personnel while at anchor and is now bound for Iranian Territorial Waters."
UKMTO said it is seeking more information incident and urgently advised vessels operating in the area to report any suspicious activity. While the agency did not immediately identify the vessel, Reuters in follow up interestingly described that is a mere fishery research vessel. According to the report:
A vessel was boarded by unauthorized personnel on Thursday while at anchor northeast of the United Arab Emirates port of Fujairah and was heading towards Iranian territorial waters, United Kingdom Maritime Trade Operations said.
Two maritime security sources said the ship was believed to be the Honduras-flagged Hui Chuan fishery research vessel.
Ship tracking data on the MarineTraffic platform indicates vessel was last seen in the Gulf of Oman, just within Iran's exclusive economic zone (EEZ) on May 12; however, an EEZ can still be considered international waters - though the Iranians are apparently not interpreting it that way.
In the face of the ongoing US naval blockade of Iranian ports, Tehran is seeking to assert its geographic and military leverage, enforcing an 'Iranian protocol' over the vital Strait of Hormuz oil and goods shipping waterway.
This week has seen Iran begin to let more Chinese vessels through, at the request of Beijing, and reportedly without imposing tolls either.
Bloomberg freshly reports Thursday of 30 Chinese ships, "The vessels were allowed to pass the Strait of Hormuz with the coordination of the Iranian authorities and Islamic Revolutionary Guard Corps’ navy, state TV reports, citing an IRGC naval official."
Diplomacy has taken a back seat at the moment, as each warring side seeks to 'wait out' the other in hopes that enough economic pain can be imposed to 'cry uncle' - as President Trump himself has recently expressed.
Tyler Durden Thu, 05/14/2026 - 10:45Runway model dragging ‘lifeless’ woman sparks fierce debate: ‘Stupidity’
Stranger who battered clown-costumed male model is found guilty of his murder
Disgraced ex-Newsom aide Dana Williamson to cop guilty plea in corruption case
Female prison warden charged with raping inmate in men’s lockup
Biggest Martin Short Netflix doc bombshells with Catherine O’Hara & more
Biggest Martin Short Netflix doc bombshells with Catherine O’Hara & more
Today's Soap Operas – Coronation Streeting, Eastenders, And Succession
By Michael Every of Rabobank
In the UK --where the 30-year gilt yield sits at 5.74%, the highest since 1997-- politics is abuzz with rumors centre-right Health Secretary will resign to take on PM Starmer in a leadership contest, which left-wing Energy Secretary Miliband is expected to join to prevent any Coronation Streeting, as left-wingers Rayner and Burns may try to as well. This is 24 hours after King Charles read out the Starmer government’s legislative agenda, which includes using a Henry VIII-era statute to force the UK to readopt EU laws without (yet) wanting to rejoin. As UK political commentators put it, the struggling Labour Party needs to decide what it’s for - and depending on what happens next, it remains to be seen if that includes the markets. Indeed, several left-wingers have been openly derisory about concerns over potential Labour policies lifting gilt yields.
Logically, a (successful) political party should try to understand the context in which its policies will operate. As a social media commentator points out, while Labour built the welfare state in 1945 when the UK was broke, which remains its proud legacy, “Attlee's settlement was bankrolled by imperial surpluses, Marshall Aid, sterling's privileged role within Bretton Woods, capital controls that turned domestic savers into a captive bond market, and inflation that quietly torched the real debt. It sat on top of a state a fraction of today's size, financed by a young workforce, riding reconstruction productivity growth.” Raise your hand if you think the present geoeconomic backdrop, and that of the UK, meets those criteria – and the bond market will also get a vote.
As the Financial Times relatedly underlines ‘Why global imbalances matter’, as they are the root of our geopolitical and geoeconomic problems (which, ironically, is why we rarely talk about them?), another long-running soap opera is playing in Beijing.
In Eastenders, Trump, with a billionaire CEO entourage, is meeting Xi after posting in Air Force One that he will be asking him “to ‘open up’ China so that these brilliant people can work their magic, and help bring the People’s Republic to an even higher level!” Indeed, as some talk of UK Labour going back to the 1970s, the US language is also of Nixon–Mao 2.0, albeit from a very different starting point. Everybody gets how important these talks are, but few consider the full US *and* Chinese contexts, and many takes are colored by what they think of Trump. Some think Xi now has all the cards; others that the US still has some aces.
We will have to wait and see if we get a Grand Bargain that reshapes geopolitics and geoeconomics – and, yes, imbalances; smaller agreement on tariffs, tech (as the Netherlands protests a US proposal to further bar chip giant ASML from the China market), and even Taiwan; a de minimis Farce Two Trade Deal can-kicking exercise, or a Great Escalation.
On which note, some media suggest China might be prepared to put pressure on Tehran, yet the New York Times reports that Chinese firms are plotting arms sales to it. Which will it be?
While Europe is on the sidelines of the UK, US-China, and Iran dramas, that doesn’t mean it’s absent. Yesterday, the FT reported Euroclear, one of Europe’s largest financial intermediaries with over €43 trillion of assets under custody, is considering accepting China onshore bonds traded in Hong Kong as collateral, not just offshore bonds as now. Euroclear states this would support Beijing’s efforts to promote yuan internationalisation to counterbalance the global dominance of the USD… at a time when the EU’s push for strategic autonomy, heightened by the Iran War energy crisis, is accentuating the need to boost global usage of the euro, not the yuan.
That’s particularly the case in trade commodity finance, where the single currency only accounts for around 6% of the global total in SWIFT, and even less considering more of that trade is being done on China’s CIPS system.
Of course, Euroclear is free to do whatever it wants, but it remains to be seen how this plays out politically and geopolitically now the news is out - the US will note the timing well, just as Trump is in Beijing looking for bargains.
If this is seen as a European bargaining chip vs. the US in a game of geoeconomic poker, note USD swaplines have now been openly politicized by the US Treasury via Argentina and the UAE, and next Fed Chair Warsh has stated that even Fed swaplines are not an area subject to central-bank independence.
Or is this a plan for Succession from the current Eurodollar system, which the US is now openly advertising it is going to transmogrify into something else via neo-mercantilist tariffs, economic statecraft, and US dollar stablecoins? Note successions can be disputed, and the candidates aiming to fill some large shoes can fall far short of the giants they have to replace.
Against that backdrop, Warsh was just voted in as Fed Chair by the Senate, in the narrowest confirmation (55-45) in US history – that shows how contested even ‘apolitical’ central banking now is. He will take over that key role with his predecessor Powell refusing to leave the FOMC table, which will be an ‘interesting’ dynamic; and with the 30-year US Treasury yield hitting 5% for the first time since 2007 as headline and core CPI rise due to the Iran War.
On which, the Middle East remains on edge. Not only did the UAE, and Saudi, reportedly strike Iran pre-ceasefire, but the Saudis and Kuwait both just hit Iran-backed militias in Iraq; the Iranian foreign minister threatened the UAE after Israeli PM Netanyahu claimed he and the head of Mossad had visited Abu Dhabi during the fighting – which the UAE has denied; Lebanon has filed a UN complaint against Iranian interference; and the Gaza Board of Peace envoy has stated the stalled ceasefire has failed to meet the expectations of both Israel and Palestinians, which appears to be down to Hamas’ refusal to disarm.
Things are also fluid re: Ukraine. The Ukraine Support Act won enough signatures to force a vote in the US House of Representatives; the US is close to signing a strategic defence deal with Ukraine for drone tech; NATO boss Rutte is asking allies to commit 0.25% of GDP to Kyiv but is running into opposition from France and the UK; the US just cancelled the deployment of troops to Europe as part of Trump’s drawdown pledge; Switzerland is considering rival defence systems after Washington delayed delivering Patriot missiles to it; and the Russian parliament voted to allow Putin to order troop deployments abroad to protect Russian citizens facing arrest, detention, trial, or other perceived persecution by foreign nations and international courts – note the EU has several countries with Russian minorities, and aims to eventually expand to include others that also do.
So, back to today’s soap operas – Coronation Streeting, Eastenders, and Succession.
Tyler Durden Thu, 05/14/2026 - 10:30