Since the ceasefire on April 8 and Trump’s apparent capitulation to Iran, it appears the Iranians will levy a toll on all oil passing through the Strait of Hormuz. The details are still unclear, but according to The Hill, citing the Financial Times, the Iranian Republic will levy $1 per barrel of oil to be paid in bitcoin on all traffic out of the Persian Gulf. The Iranian government obviously benefits from this, but who actually pays the toll? This question, what is known as tax incidence, is one important point of difference between the Austrian school and mainstream economics that remains…
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Key Takeaways The Virginia General Assembly moved forward on gun-related bills, including an ‘assault weapons’ ban that returns to Governor Abigail Spanberger unchanged. The Senate and House passed the bills ‘by for the day,’ rejecting the governor’s amendments and sending legislation back to her desk. Governor Spanberger has three options:…
Key Takeaways The 11th Circuit has upheld the federal ban on machine guns, stating the Second Amendment does not protect fully automatic weapons. Maxon Alsenat’s conviction for possessing a machine gun conversion device was affirmed by the court after he pleaded guilty. The court referred to the Supreme Court’s ruling…
United States ruler Donald Trump has extended the ceasefire with Iran, citing a “seriously fractured government.” Trump also said the ceasefire would continue “until such time as” Iran’s leaders and representatives submit a “unified proposal” to end the war with the U.S. and Israel. According to a report by CNBC,…
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Germany is pushing its conscription age higher. Bastian Ernst, the newly elected president of the country’s Reservists’ Association, has said that the upper age limit for military reservists in Germany should be raised to 70, given that people stay fit longer. The United Kingdom government has raised the maximum age…
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China has emerged as a “winner” with regard to oil sales. The country has been “aggressively” selling its reserve oil to a world experiencing a shortage and sky-high prices thanks to the United States and Israel’s war with Iran. China had accumulated a cool 1.5 billion barrels in its strategic petroleum…
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This article was originally published by Michael Snyder at The End of the American Dream. This is the worst of times for U.S. farmers. Coming into 2026, we were already in the midst of the worst farming crisis in at least 50 years. Now the war in the Middle East…
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Key Takeaways A 15-year-old was shot at a gas station after allegedly pointing a gun and firing at a man who returned fire in self-defense. The incident occurred at 3:45 p.m. in south St. Louis; police recovered multiple shell casings at the scene. The teen is in stable condition, and…
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Key Takeaways The NSSF plans to sue if Maryland Governor Wes Moore signs a bill banning certain striker-fired handguns. Maryland Senate Bill 334 and House Bill 577 prohibit the sale and transfer of semiautomatic pistols defined as ‘machine gun convertible pistols’. NSSF argues the bills punish law-abiding citizens instead of…
This article was originally published by Willow Tohi at Natural News. Israel’s UN ambassador publicly accused France, China, and Pakistan of making secret payments to Iran for safe passage through the blockaded Strait of Hormuz. The accusations stem from reports that commercial vessels from these nations transited the strait despite…
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