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The musician quietly filed for divorce from his estranged wife in May.

Explosion At Qatar's Ras Laffan Industrial Area Due To "Technical Incident"

A massive explosion rocked Qatar's giant Ras Laffan energy complex. 

BREAKING: HUGE EXPLOSION AT RAS LAFFAN INDUSTRIAL CITY IN QATAR’S LARGEST GAS FACILITY

The blast was so strong it was heard in Bahrain and reportedly felt like an earthquake. pic.twitter.com/4bdCH0eeWd

— Sulaiman Ahmed (@ShaykhSulaiman) June 21, 2026

According to Qatar's interior ​ministry, an explosion ‌resulting from a "technical accident" occurred on Sunday at a factory ​in Ras Laffan, an ​industrial city north of the ⁠capital Doha and site of ​the country's core LNG ​processing operations. It said several injuries were reported but no leak that "threatens safety".

Unverified footage circulating on social media shows an explosion at a factory in Ras Laffan Industrial area, located in Qatar. pic.twitter.com/AiqqTxfV6l

— Joe Truzman (@JoeTruzman) June 21, 2026

The ​ministry did not give ​the exact location of the explosion, ‌but ⁠a source with knowledge of the matter said it occurred at the Barzan gas ​plant ​in ⁠Ras Laffan and was due to an "operational error".

In a post on X, Qatar Energy confirmed that in the evening hours of Sunday 21 June 2026, there was an operational incident during the start-up of operations at Ras Laffan Industrial City which resulted in an explosion and fire at Barzan local gas supply facility. It added that emergency response teams were deployed immediately to contain the fire, which is now under control.

Operational Incident at Ras Laffan Industrial City

QatarEnergy confirms that there was an operational incident during the start-up of operations at Ras Laffan Industrial City which resulted in an explosion and fire at Barzan local gas supply facility in the evening hours of…

— QatarEnergy (@qatarenergy) June 21, 2026

Shortly after the start of the war, Iranian attacks on the Ras Laffan complex crippled some of the most important LNG facilities prompting Qatar to predict that it would take as much as 5 years for the country's LNG production to come back fully online. 

Tyler Durden Sun, 06/21/2026 - 17:30

Footage showed Araqchi walking into the room where Vance, the rest of the US delegation, and mediators were waiting in front of the cameras -- before he was then captured leaving after embracing Pakistani Prime Minister Shehbaz Sharif.

What History Teaches Us About Why So Many Eventually Flee Socialism

Authored by Armstrong Williams via The Epoch Times,

History is filled with political movements born from noble promises. Few have been more appealing in theory than socialism. At its heart, socialism promises greater equality, economic fairness, and protection for those who struggle in a competitive marketplace. It speaks to the desire for justice and the belief that no person should be left behind.

Yet history also teaches a sobering lesson: While millions have voted for socialism, millions more have ultimately fled from it.

Why?

The answer is not found in campaign slogans or academic theories. It is found in the lived experiences of ordinary people across generations and continents.

Throughout the 20th century, socialist governments emerged across Eastern Europe, Asia, Africa, and Latin America. Many came to power promising to eliminate poverty, reduce inequality, and place the needs of the people above the interests of the wealthy. In the beginning, those promises often generated enormous enthusiasm. Citizens were told that government planning would be more efficient than free markets, that collective ownership would create fairness, and that centralized control would produce prosperity for all.

The results, however, frequently fell short of the promises.

One recurring problem was the concentration of power. When governments assume responsibility for directing large portions of the economy, political leaders inevitably gain greater control over employment, investment, production, and distribution. Over time, this concentration of authority often extends beyond economics into other aspects of society.

History shows that when governments acquire greater power, citizens frequently lose a measure of independence. Economic freedom and political freedom are often more closely connected than many realize. When a person’s livelihood depends heavily upon the state, dissent becomes more difficult and individual choice becomes more limited.

Another lesson history teaches is that incentives matter.

Human beings respond to rewards, risks, and opportunities. Free-market systems are far from perfect, but they have consistently demonstrated a remarkable ability to encourage innovation, entrepreneurship, and productivity. When individuals are allowed to benefit from their hard work, creativity, and investment, economies tend to grow.

By contrast, heavily centralized systems often struggle to generate the same level of innovation and efficiency. Bureaucracies can become slow, inflexible, and disconnected from local realities. Over time, shortages, inefficiencies, and declining productivity have plagued many state-controlled economies.

This does not mean capitalism is without flaws. It clearly is not. Free markets can produce inequality, abuse, and economic dislocation. They require regulation, accountability, and moral responsibility. But history suggests that replacing markets with extensive government control often creates a different set of problems—problems that can be even more difficult to solve.

Perhaps the most powerful evidence comes from migration patterns.

Throughout modern history, people have overwhelmingly moved toward societies that offered greater economic freedom rather than away from them. From East Germans risking their lives to cross the Berlin Wall to Cubans crossing dangerous waters to Venezuelans fleeing economic collapse, countless individuals have voted with their feet.

This reality deserves careful consideration.

People rarely abandon their homes, families, language, and culture without compelling reasons. When citizens repeatedly leave countries governed by socialist systems in search of opportunity elsewhere, it raises important questions about the long-term sustainability of those systems.

The lesson is not that every policy associated with socialism is inherently wrong. Many democratic societies incorporate social safety nets, public health care programs, retirement systems, and other forms of government support while maintaining market economies and strong democratic institutions.

The real lesson is about balance.

Successful societies tend to recognize both the strengths and limitations of government. They understand that government has an important role in protecting the vulnerable, enforcing the rule of law, and providing essential public services. At the same time, they recognize that prosperity is often driven by individual initiative, private enterprise, innovation, and economic freedom.

As younger generations debate the merits of socialism, they should do so with an appreciation for history rather than romanticized visions of what might be. Good intentions alone do not guarantee good outcomes. Policies must ultimately be judged not by their promises but by their results.

History’s verdict is neither simple nor ideological. It is practical. Again and again, people have demonstrated through their actions that they value freedom, opportunity, and the ability to shape their own destinies. When those things become scarce, many eventually seek them elsewhere.

That is perhaps the most enduring lesson history offers: People may be attracted by promises of equality, but they are often willing to travel great distances—and endure great hardship—in pursuit of liberty.

Today, these lessons are becoming part of the American political conversation. With socialist candidates gaining influence in major cities—two examples being the rise of Councilwoman Janeese Lewis George in Washington, D.C., and the growing prominence of Mayor Zohran Mamdani in New York City—voters are once again debating the proper balance between government intervention and individual enterprise.

Supporters see these movements as a response to rising costs, housing shortages, and economic inequality. Critics see warning signs that history has presented before. Whatever one’s political perspective, the debate should not be driven by slogans or emotion alone. It should be informed by the experiences of nations that have already traveled this road.

The harsh lessons of history are not that compassion is dangerous or that government has no role to play. Rather, they remind us that concentrated power, diminished economic freedom, and excessive dependence on the state often carry consequences that emerge only over time.

America’s future will not be determined by labels such as “capitalist” or “socialist.” It will be determined by whether we preserve the freedom, opportunity, innovation, and personal responsibility that have long defined the nation’s success while ensuring that those who struggle are not left behind.

History remains our greatest teacher. The question is whether we are willing to learn from it.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sun, 06/21/2026 - 17:30

While the flames have largely been extinguished at the 500,000 square-foot warehouse fire in Los Angeles, emergency personnel are now facing a new threat — a potential biohazard crisis. 

MIAMI — Once again, Rafael Devers is stirring up drama. This time, the Giants first baseman, who refused to play the position with the Red Sox, again tried to stand in the way of what his manager thought was best for the team. Manager Tony Vitello, for what it’s worth, chalked this incident up to...

Iran and Belgium delivered World Cup drama at SoFi Stadium as Mehdi Taremi had a stunning goal disallowed, Alireza Beiranvand made sensational saves, Nathan Ngoy saw red and Thibaut Courtois starred in a tense Group Stage showdown.

The chirping became an issue as the day went on and led to at least one fan being kicked out of Shinnecock Hills by police

The veteran guard agreed to a one-year, $21 million contract extension with the Atlanta Hawks on Sunday

The "Today" anchor's husband has been her rock as her mother, Nancy, still remains missing since Feb. 1.

The "Today" anchor's husband has been her rock as her mother, Nancy, still remains missing since Feb. 1.

Season 1 of the Yellowstone spinoff is almost over, so don't miss a minute!

The Dance of the Dragons is finally here.

Fresh off the controversial Los Angeles mayoral election, Spencer Pratt said this is only the beginning in an exclusive interview with The California Post. 

California Rep. Ro Khanna once again admitted that he believes the women who have accused Maine Democrat Graham Platner of being physically rough with or mistreating them, but is standing by him nonetheless.

The ball that helped deliver the most significant moment in modern New York basketball history is headed to auction.

The Market Is Carrying More Length & More Leverage: Goldman Flows Guru Warns... Expect More Volatilit

The biggest discussion that top Goldman Sachs trader (and flows guru), Lee Coppersmith, had with clients this week wasn’t whether AI is over - it wasn’t.

The debate has shifted to how investors should own it from here.

If anything, the secular backdrop across both the US and Asia continues to strengthen. Capex expectations remain robust, earnings revisions continue to move higher, and we saw another week of significant inflows into US technology.

Prime Brokerage data tells the same story - Semis are on pace to finish as the most net bought global subsector for a second straight year, with net allocations now at record highs.

What’s changing isn’t the fundamental story - it’s the market structure. leverage continues to build, and volatility across large-cap Tech continues to expand relative to the broader market even as prices move higher.

At the same time, global HF net leverage has climbed to 4-year highs and this is one of the sharpest increases over a 4-week period in the past 5 years, driven by significant net buying activity and mark-to-market … Here’s our full PB rundown.

We’re also seeing some signs of broadening despite a pickup in that debate at the end of the week. Flows have expanded into Financials, cyclicals and parts of Europe and Asia, but not at the expense of AI. In fact, while overall US Tech exposure has risen toward 5-year highs, Mag 7 gross and net exposure has fallen to 1-year lows as investors rotate deeper into the AI ecosystem - particularly Semis and Asian chipmakers - rather than simply adding more mega-cap exposure.

The other major takeaway from June is that macro is back. The Iran deal serves to remove one inflation risk and Brent gave back much of its geopolitical premium, only for the Fed to replace it with renewed policy uncertainty. Front-end rates repriced higher following a hawkish FOMC, and markets should now recalibrate event volatility premium more carefully (see NFP day and FOMC day as prime examples).

One interesting observation has been how quickly investors have faded geopolitical risk. Brent has retraced most of its war premium, Managed Money has sold nearly $25bn of crude over the past seven weeks, outright shorts have reached new highs after a record build this past week, and net length now sits below pre-war levels (h/t Rob Quinn). Investors have been remarkably quick to close the book on oil and shift their attention back toward rates and Fed policy.

Brent Managed Money Shorts – weekly change

Finally, systematic flows remain an important amplifier. Dealer gamma from leveraged ETFs - particularly in markets like Korea - continues to reinforce both upside momentum and downside moves, adding another source of volatility beneath the surface. One stat that stood out to me: leveraged ETF dealer gamma rebalancing can exceed 20% of Korea's market ADV on large-move days.

Our takeaway hasn’t changed - AI remains the highest-conviction secular story we hear from clients and continues to attract capital globally.

But June has been a reminder that even the strongest secular themes don’t trade in a vacuum.

The market is carrying more length, more leverage and, as a result, more volatility.

Professional subscribers can read all the links above from Goldman's Sales & Trading team here at our new Marketdesk.ai portal

Tyler Durden Sun, 06/21/2026 - 16:55

"I think that if I am going to live the final seconds of my life, I want to live it the way I want," Mahyar Yeganeh, 16, said while walking through Tehran's Grand Bazaar without a head covering.

Iranian supporters once again displayed the banned pre-revolutionary Iranian flag inside SoFi Stadium during Iran's World Cup match against Belgium, defying FIFA's prohibition and turning the Los Angeles venue into a powerful stage for protest.

Frantic radio transmissions from the pilot revealed that an onboard traveler had become dangerously aggressive.