The Cathedral, The Bazaar And The Hormuz Catastrophe That Never Came
For years we have waited for artificial intelligence to unlock vast new efficiencies in global trade. When the Strait of Hormuz closed, it may finally have done so. But the...
This video released today by the Pentagon shows Iranian naval patrol vessels “harassing” the USS New Orleans while sailing in the Strait of Hormuz on January 6. In the video you can see at least 3 vessels speeding alongside the New Orleans and a closeup of one of the vessels reveals an Iranian flag and front mounted machine gun. “I can confirm there was some harassment,” a senior U.S. Defense official told AFP, confirming CNN, who first reported the incident.
The same report by CNN said that there was also a second, similar incident involving a US Coast Guard cutter off the Kuwaiti coast.
On the same day, U.S. Naval forces aboard the USS Kidd rescued 13 Iranian fisherman that had been held hostage by pirates in the Arabian Sea.


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