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Can Americans identify any of these soccer superstars?
Scott Galloway says he turned down Andy Rooney-style role at ‘60 Minutes’: ‘Bari called me’
Kyle Cooke reveals terms of Amanda Batula divorce without a prenup
Kyle Cooke reveals terms of Amanda Batula divorce without a prenup
Steve Hilton floats pact to bring Spencer Pratt into governor’s race: ‘100%, I’d love that’
Scientists discover deep whale graveyard with bones dating over 5 million years old
Trump Says "Secret Military Mission" Allowed 200 Ships, 100 Million Barrels To Cross Hormuz
Confirming our reported from both a week ago (see "As Gulf States Plan Bypass Pipelines, US Military Is Quietly Helping Ships Cross Hormuz") and this afternoon ("Growing Number Of Oil Tankers Successfully Sneak Through Hormuz, Shrinking Iran's Leverage") moments ago Trump posted on Truth Social that he had "directed our Great U.S. Military to execute a secret mission to support Oil Tankers and other Commercial Ships through the Strait of Hormuz." Of course, the mission wasn't that secret if we discussed how the US military was helping ship cross the Strait one week ago.
In any case, Trump added that "this effort has resulted in more than 100 MILLION Barrels of Oil making its way through the Strait, and into the Open Market. More than 200 Commercial Ships have safely traveled through the Strait," which would explain why oil prices have remained low and confirms what Goldman's Delta One head, Rich Privorotsky, wrote this morning, namely that "a lot has been thrown at the oil market and it’s simply not going up, which is remarkable given the level of escalation. The only conclusion that really fits the price action is that barrels are still getting through the Strait of Hormuz, visibly or otherwise. There doesn’t seem to be a more rational explanation."
"This wildly successful effort is because the UNITED STATES of AMERICA CONTROLS the Strait of Hormuz — NOT Iran" Trump concluded.
Trump's post also validates what JPMorgan EM strategy team pointed out a week ago, namely that ship - and crude - transits are far higher than what official trackers have indicated:
- New higher equilibrium appears to be established in Strait with vessel crossings remaining in the c.25 per day mark for nearly a week, according to JPM EM Strategy methodology.
- Estimated energy exports continue to be very strong - around 3.6 mbd over the past two days and the 7DMA remaining around 2.5mbd. This has been driven by strong refined chemical tanker transits which have risen to more than 50% of pre-conflict levels.
- Reports that US are quietly coordinating with shippers to ensure safe transit without explicit escort.
Here, JPM suggests that Bloomberg's data is showing muted transits as it can't keep an accurate read of actual crossings due to AIS transponders being turned off during crossings.
Now the question is whether Iran, whose leverage in the conflict would be viewed as dramatically reduced as a result of this development, will allow stealthy tankers and other ships, with transponders shut, to continue crossing the strait affirming Trump's implicit claim that the country no longer has control over the strait, or if Tehran will make a public demonstration of how much control it still has.
Tyler Durden Wed, 06/10/2026 - 14:45Taylor Swift gets Tom Hanks, Tim Allen and more to sign her ‘Toy Story’ VHS at movie premiere
Taylor Swift gets Tom Hanks, Tim Allen and more to sign her ‘Toy Story’ VHS at movie premiere
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These Are The Six States Celebrating America 250 By Raising Your Gas Tax
Authored by Larry Behrens via WattsUpWithThat.com,
The final countdown for America’s 250th birthday is on. Families will be planning road trips, parades, vacations, reunions, and cookouts to celebrate the greatest nation in history. But in six states, politicians have a different idea for the party: raise taxes.
Beginning July 1, drivers in California, Washington, Illinois, Maryland, Virginia, and Mississippi are scheduled to see higher state gas taxes. In other words, as the country prepares to celebrate casting aside a tax-heavy king in favor of freedom, these states will use the occasion to fatten government coffers one gallon at a time.
The worst offenders will be no surprise. California, Washington and Illinois — we’ll call them the Axis of Glut.
Their governors are often the first to fake outrage when gas prices rise. They blame oil companies. They blame “price gouging.” They blame world events. They blame everyone except the politicians who keep piling taxes, mandates, and regulations onto every gallon drivers buy.
Yet these same states already have some of the worst gas prices in the nation, some of the highest gas taxes in America, and now they are getting ready to raise those taxes again.
California’s gas tax is already the highest in the country and is scheduled to climb again on July 1, from 61.2 cents to 63.4 cents per gallon, under the state’s annual inflation adjustment. The same report noted California’s average price for regular gasoline was nearly $6 per gallon in early June.
Illinois is no better. The state says its motor fuel tax will rise on July 1 because the law requires an annual inflation adjustment. Washington joined the club with a gas tax increase last year and then baked in automatic increases going forward. Starting July 1, 2026, the state’s fuel tax rises by 2% every year unless lawmakers change the law.
This is the dirty hustle behind inflation-indexed taxes. Politicians get to raise taxes without holding a press conference to admitting it. They pass the law once, then every year drivers get mugged by a formula.
As of June 8, the national average for regular gas was $4.164, down 38.2 cents in a single month. That is welcome relief for families, workers, small businesses and anyone trying to get through summer. But the national average would look even better if it were not being anchored down by tax-heavy states that treat drivers like a rolling ATM.
The problem is not limited to the six July 1 tax-hike states. Seven of the ten most expensive states for gas are run by Democratic governors. That is not a coincidence.
Taxes play a major role in the high-price reputation of many of these states. So do their regulatory regimes, special fuel rules, anti-energy policies and climate mandates that make fuel harder to produce, refine, transport and sell.
The result is predictable.
Families, small businesses, truckers, and farmers all pay more. Then the same politicians who helped drive up the cost pretend they are shocked by the bill.
That is not compassion. That is government gluttony.
Supporters claim the money goes to roads and infrastructure. But that excuse only goes so far. Every tax increase is sold as necessary. Yet somehow the burden always lands in the same place: on the people who drive to work, school, church, the grocery store or a summer vacation.
That is what makes the timing so perfect, and so insulting.
America’s 250th birthday should be a celebration of freedom, independence and the rejection of government overreach. The American Revolution was born from the idea that people should not be treated as endless revenue sources for rulers who never seem to have enough.
Nearly 250 years later, millions of drivers will pull into gas stations in California, Washington, Illinois, Maryland, Virginia, and Mississippi and get a reminder that some politicians still have not learned the lesson.
The country is moving toward a better energy future: lower prices, more production, more reliability and less punishment for the people who keep America moving. But these six states are choosing a different path.
America 250 should remind us why this country was born: because free people eventually get tired of being treated like revenue.
Tyler Durden Wed, 06/10/2026 - 14:40