Those who believe that the global energy crisis is going to be magically solved by a “memorandum of understanding” that is already being violated by both sides are going to be in for a very rude awakening. As you will see below, the Iranians have continued to launch drones at commercial vessels in the Strait of Hormuz. How are shipowners and insurance companies supposed to feel comfortable while this is going on?

19 June 2026

According to the Washington Times from June 10, 2026, the US President Donald Trump brushed off the rising inflation number—i.e., the yearly growth rate of the consumer price index (CPI)—which jumped to 4.2 percent in May from 3.8 percent in April.

18 June 2026

With the details of the signed Memorandum of Understanding still unclear, it does appear, for all intents and purposes, that the United States has lost the war with Iran. That means Pete Hegseth, the first Secretary of War, has lost a war.

18 June 2026

Ukraine launched almost two hundred drones at Moscow. The massive swarm caused reports of fires in the Russian capital, and more than a dozen people have been wounded in the surrounding region. This is one of Kiev’s largest aerial attacks on Russia.

18 June 2026

Iran has declared victory over the United States. The newly signed memorandum of understanding between the US and Iran is a diplomatic victory for Tehran and a "record of US failure."

18 June 2026

Russia downed 172 Ukrainian drones overnight, with 60 targeting Moscow, in one of the largest attacks on the capital this year

18 June 2026

When we were told that the ceasefire extension with Iran would include “the toll-free opening of the Strait of Hormuz”, I didn’t realize that this was only for a period of 60 days. As you will see below, once the 60 days are over, the Iranians will be allowed to charge vessels for passing through the Strait of Hormuz on a permanent basis.

17 June 2026

The Russian Foreign Ministry has said that Kiev's drones are "hunting civilians, especially children." Foreign Ministry spokesperson Maria Zakharova has made the claim while responding to a Ukrainian drone strike in Russia’s Bryansk Region, which targeted a bus carrying a children’s soccer team from Belarus.

17 June 2026

Africa's Center for Disease Control and Prevention has said that the current Ebola outbreak of the Bundibugyo strain could be the worst one in the Democratic Republic of Congo's (DRC or DR Congo) history. So far, more than 830 cases of the rare strain have been confirmed, and right now, there is no proven treatment or vaccine.

17 June 2026

The New World screwworm has spread to the United States, prompting the United States Department of Agriculture (USDA) to partner with the Department of Homeland Security (DHS). The USDA awarded a combined $105 million to 40 different projects aimed at stopping the spread of New World Screwworm.

17 June 2026