Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock
Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock. The U. S. -Iran war has caused oil prices to surge and added to freight stress from tariffs, but no shipping trade has boomed quite like crude oil tanker futures.
What happened
S. could continue its campaign against Iran and take control of its oil. Meanwhile, Iran's military said it destroyed an advanced American drone over the Strait of Hormuz, following a series of operations by Tehran against U. S. has filed a civil forfeiture complaint against $61 million in cryptocurrency that it alleges proceeds from black-market sales of sanctioned Iranian crude oil and petroleum products. "Today we are seizing and seeking to forfeit more than $61 million of the Government of Iran's money, which otherwise would have promoted hostile military action and terrorist attacks against the U.
Two Chinese companies, named Blessed Trust and Hexa Whale, allegedly used trading accounts at the Binance crypto exchange "to launder the proceeds of black-market sales of Iranian oil, funneling the illicit funds to the Government of Iran, its agents, and/or its proxies, where they were used to finance terrorist and other activities of the Iranian government," the statement said. Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsWorries over escalating Iran-U. S. tensions persist amid reports of fresh Houthi strikes on Saudi Arabia and attacks by Iran on ships in the Gulf.
The wider picture
Central Command disputed a claim by Iran's Islamic Revolutionary Guard Corps that Panama-flagged oil tanker El Gaia struck a naval mine in the Strait of Hormuz. "The Panama-flagged oil tanker El Gaia was struck by an Iranian missile last month and rendered inoperable," CENTCOM said. 5 billion in illicit oil money intended to benefit the Iranian military and the IRGC. Two Chinese companies, are alleged to have used trading accounts in Binance to launder the illicit proceeds and funnel the funds to Tehran or its proxies.
These proceeds were intended to finance the Iranian government and military components. In April, Washington had sanctioned an independent or "teapot" refinery in China, as well as warning financial institutions that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. 10 also said Iran had "used a barter-like arrangement to bypass sanctions on its oil sales and buy billions of dollars' worth of goods from China. " China is reportedly one of the largest buyers of Iranian oil, accounting for more than 80% of Iran's shipped oil in 2025, or an average 1.
What has been reported
The seizures, carried out under New York’s criminal procedure laws, mark perhaps one of the most significant and sweeping actions against websites hosting explicit deepfake videos since the technology first emerged at the end of 2017. While deepfake technology is widely used against non-famous women and girls—often being shared in private social media groups—celebrities have spoken out about the many harms of being depicted in the content and the challenges of getting it removed.
While laws against deepfakes have been slow to emerge, the US Take It Down Act increasingly allows images to be removed, with part of the law allowing law enforcement officials to take down and seize websites. “The takedowns are a significant win in the fight against synthetic nonconsensual intimate imagery (NCII),” says Leonie Oehmig, a researcher at the Institute for Strategic Dialogue (ISD), who has studied the deepfake creation ecosystem. Shultz, who has been documenting deepfake abuse against political figures and had come across some of the websites during this research, says that many videos appeared to be reposts of content that had originally be shared on the MrDeepFakes website, a notorious deepfake platform that was taken offline after its creators were unmasked by reporters.
President Donald Trump said Sunday that the U. 1@LCO26XFollow your favorite stocksCREATE FREE ACCOUNTVessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. Futures for international benchmark Brent crude for November delivery gained 1.
What happens next
West Texas Intermediate futures for October advanced 1. Brent Saudi Arabia closed its critical East-West pipeline that bypasses the Strait of Hormuz, after drones launched from Iraq damaged it, exacerbating oil supply disruptions at a time when the market is already tight. Al Jazeera reported that the Saudi-led coalition in Yemen says 13 civilians were injured on Monday, after Houthi forces launched a wave of ballistic missile and drone attacks into Saudi Arabia. "The IRGC's false claim is yet another example of their lies and intimidation attempts while they try to impede commercial vessels in the strait.
" Inflation is going to pick up, given the oil pipelines are being attacked and the Saudi east west pipeline is closed, Komal Sri-Kumar, the president of Sri-Kumar Global Strategies, said on CNBC's "Squawk Box Asia. " "In addition to that, there is a tariff war which is quite accelerating, and that is going to put upward pressure on prices and therefore on bond yields," Sri-Kumar added. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The report has been compiled by The Daily Waves using information reported across cnbc.com, wired.com. Details are presented according to the information available at the time of publication and may change as authorities, organisers or other relevant parties provide updates.