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Powerful 7.5-Magnitude Quake Hits Northern Japan, Triggers Tsunami Warnings

A powerful and shallow 7.5-magnitude earthquake struck off Japan's northeast coast, triggering a tsunami at Kuji Port in Iwate Prefecture.

Public broadcaster NHK initially warned that a tsunami up to 10 feet high was expected to hit the Iwate area on Honshu's main island. However, so far, it has been reported to be about 31 inches high.

The quake was reported shortly before 17:00 local time, rattled towers as far away as Tokyo, and forced the suspension of Shinkansen high-speed rail services in Iwate, NHK said.

Prime Minister Sanae Takaichi said the government had mobilized an emergency task force and urged citizens in affected areas to evacuate.

"Possible damage and casualties are now being looked into," Takaichi told reporters in Tokyo.

Japan sits on the Pacific "Ring of Fire," one of the world's most seismically active zones, where multiple tectonic plates collide and generate earthquakes.

Since the 2011 Fukushima disaster, when a 9.0-magnitude quake and tsunami sparked triple reactor meltdowns, Japan has overhauled its response and evacuation systems to improve disaster readiness.

NHK cited the Tokyo Electric Power Company as saying that no issues were reported at the Fukushima Daiichi and Fukushima Daini nuclear power plants.

The Japan Meteorological Agency warned that aftershocks are possible over the next week and could be similar in size to the quake recorded earlier today.

Tyler Durden Mon, 04/20/2026 - 06:55

Iran said Monday that no decision has yet been made whether to attend the second round of peace talks with the United States in Pakistan as the clerical regime accused Washington of violating the ceasefire by seizing its Touska cargo ship. The country announced Sunday it wasn’t joining a second round of negotiations, blaming Washington’s...

From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness

Authored by Daniel Lacalle,

For half a century, the Strait of Hormuz was Iran’s weapon. Today, it is its noose.

The mathematics of energy have flipped, and with them the balance of coercive power in the Persian Gulf.

Iran’s implicit deterrent was geographic, spanning from the tanker wars of the 1980s to the sanctions standoffs of the 2010s. Almost 20% of global seaborne oil, and a similar share of liquefied natural gas, passes through the Strait. The formula was simple: any military confrontation that threatened the Tehran regime risked a closure that would halt trade supplies, spike crude prices, bleed Western consumers, and, above all, inflict pain on the United States, who was the world’s largest oil importer.

The strait served as Tehran’s insurance policy and its most powerful bargaining tool. The threat was predicated on the regime’s belief that it could block everyone except its exports. The Iranian regime revealed its biggest weakness by constantly threatening to damage the global economy through a shutdown of the Strait. In reality, a total shutdown has the most severe impact on Iran.

Almost 90 per cent of Iran’s crude exports, and about 80 per cent of its total exports, depend on the transit through Hormuz. Around 25 per cent of Iranian GDP and 60 per cent of government revenues depend completely on having the Strait open.

Before the war, Iran was exporting roughly 1.7 million barrels per day, receiving around $160 million in daily revenue from exports via the Strait. Thus, Trump’s full closure of the Strait costs Tehran hundreds of millions of dollars a day in losses, not accounting for the additional fiscal and currency consequences in a country already facing an economic disaster with 40–50% inflation. The complete dependence on the Strait of Hormuz also adds to another weakness: 95% of Iranian crude at sea is sold to a single buyer, China. Tehran is not selling into a diversified and open market. Its exports are sold to a monopsony that demands large discounts, between 10 and 11 dollars per barrel.

These weaknesses were visible long before the war. Capital flight reached $15 billion in the first half of 2025 alone; the rial collapsed against the dollar, and the government’s budget, which allocates 51 per cent of oil revenues to the Islamic Revolutionary Guard Corps, became even more dependent on a single export route it could not afford to close. When the war began, Iranian crude shipments collapsed by 94%. Then, the United States’ decision to block all Iran export vessels showed that Iran’s chokepoint had become self-choking.

In the past 30 days, 80% of the essential volumes that moved through the Strait have been rerouted or offset by other oil producers, including US record exports.

The world is very different from what the Iran regime thought. In 2025, U.S. crude oil production hit a new annual record of 13.6 million barrels per day, making the United States the world’s largest producer but also the biggest exporter. The United States shipped 5.2 million barrels per day of crude and 7.2 million barrels per day of petroleum products in March 2026, both global records. For the first time, America exported more petroleum than it imported, by a net margin of almost 2.8 million barrels per day, according to the EIA. Total US liquids production now exceeds that of Saudi Arabia and Russia combined. On the natural gas side, U.S. LNG exports reached well over 15 billion cubic feet per day, surpassing Qatar and Australia to make the United States the world’s largest liquefied natural gas exporter, while U.S. dry gas production exceeds the combined output of Russia, Iran, and China. Furthermore, the United States is also the world’s largest producer of nuclear electricity, at roughly 30 per cent of global generation, and a global leader in renewable energy.

When President Trump could say in April 2026 that the United States was “clearing the Strait as a favour to countries around the world, including China, Japan, Korea, and Germany,” the framing was an accurate description of who needs Hormuz open and who does not. Only 4% of the traffic through the Strait goes to the United States, according to SP Global.

According to the International Energy Agency, throughput at Hormuz collapsed from its long-run average of about 20 million barrels per day to 3.8 million since the beginning of the war through the second week of April. Daily ship transits fell roughly 95 per cent. The Tehran regime, in a gesture more theatrical than realistic, attempted to levy a $2 million toll on each vessel crossing the strait, without understanding that the move showed desperation instead of leverage.

The US response has been the most important measure deployed against Iran in two decades of standoffs. Operation Economic Fury established a full naval blockade of Iranian ports. Iranian naval losses in the first 38 days of combat exceeded 150 vessels. The ceasefire framework under negotiation requires Iran to reopen Hormuz, but the US maintains control. Thus, negotiations revolve around Iranian dismantlement, not American concessions.

The lesson is not just that Iran miscalculated but that it massively underestimated its obvious weaknesses. The United States is not a hostage of the Gulf; it is the guarantee of its safe sea lanes. Europe is tied to U.S. LNG while keeping a substantial Russian dependence, which complicates its energy security and makes it vulnerable to fluctuations in supply and price from both sources. Asia’s largest economies, particularly China, are suffering the marginal cost of a Hormuz disruption, which has led to increased energy prices and supply chain uncertainties that further exacerbate their economic challenges. Iran’s economic nightmare has only started.

Three important factors must be considered.

• First, the traditional Hormuz risk premium in Brent, which refers to the additional cost added to oil prices due to geopolitical tensions in the Strait of Hormuz, is structurally smaller than in the 2010s because U.S. supply can absorb shocks that previously had no substitute. The Brent price is lower in real and nominal terms than in the 2008, 2018, or 2022 peaks.

• Second, the strength of American energy, including economics, export infrastructure, and LNG capacity, has become a key global geopolitical variable, influencing global energy prices and the strategic decisions of other nations.

• Third, Iran’s economy has not only suffered damage; it has also been demolished, and its extremely weak fiscal position indicates that it cannot sustain the threat posture in Hormuz.

The Strait of Hormuz remains the world’s most important chokepoint. However, a chokepoint hurts whoever depends on it most, and Iran relies on it completely. The United States does not.

The geopolitical advantage that Tehran once held has now become its greatest weakness, likely leading to the disappearance of the regime’s effective bargaining power.

Tyler Durden Mon, 04/20/2026 - 06:30

Ken, 38, a bartender at the Abaco Inn in Elbow Cay in the Bahamas, said the Hookers spent the early evening hours of April 3 lounging poolside and sipping rum and Cokes.

While initially looked at, we hear the wedding won't happen at the White House.

While initially looked at, we hear the wedding won't happen at the White House.

The likely result: a broad drag on economic growth, with higher prices for consumers, slower innovation and weaker competitiveness for American firms internationally.

"No More Mr. Nice Guy": US Strikes, Seizes Iranian Cargo Ship Trying To Break Blockade Summary

• Trump renews threats if no deal is reached: "No More Mr. Nice Guy"

• Trump says U.S. struck and seized Iranian-flagged cargo ship in Gulf of Oman

• Tanker traffic through the Strait of Hormuz has ground to a halt after multiple incidents (Iran renewed threats to close the Bab al-Mandeb Strait)

• Vance to lead negotiations with Iran, along with Witkoff and Kushner, on Tuesday or Wednesday

• "We are still far from the final discussion,"  said speaker of the Iranian parliament Ghalibaf

US Struck and Seized Iranian-flagged Cargo Ship on Gulf Of Oman

With markets still closed for now, President Trump just posted on his Truth Social platform that the US military just struck and seized an Iranian-flagged cargo ship in the Gulf of Oman.

Today, an Iranian-flagged cargo ship named TOUSKA, nearly 900 feet long and weighing almost as much as an aircraft carrier, tried to get past our Naval Blockade, and it did not go well for them.

The U.S. Navy Guided Missile Destroyer USS SPRUANCE intercepted the TOUSKA in the Gulf of Oman, and gave them fair warning to stop.

The Iranian crew refused to listen, so our Navy ship stopped them right in their tracks by blowing a hole in the engineroom.

Right now, U.S. Marines have custody of the vessel.

The TOUSKA is under U.S. Treasury Sanctions because of their prior history of illegal activity.

We have full custody of the ship, and are seeing what’s on board!

According to CENTCOM, American forces issued multiple warnings and informed the Iranian-flagged vessel it was in violation of the U.S. blockade.

After Touska’s crew failed to comply with repeated warnings over a six-hour period, Spruance directed the vessel to evacuate its engine room.

Spruance disabled Touska’s propulsion by firing several rounds from the destroyer’s 5-inch MK 45 Gun into Touska’s engine room.

U.S. Marines from the 31st Marine Expeditionary Unit later boarded the non-compliant vessel, which remains in U.S. custody.

American forces acted in a deliberate, professional, and proportional manner to ensure compliance.

U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port, April 19.

Guided-missile destroyer USS Spruance (DDG 111) intercepted M/V Touska as it transited the north Arabian Sea at… https://t.co/iyzOQd93C3 pic.twitter.com/HwU4XS48Oq

— DOW Rapid Response (@DOWResponse) April 19, 2026

Since the blockade’s commencement, U.S. forces have directed 25 commercial vessels to turn around or return to an Iranian port.

Now we wait and see the reaction as futures open and the vocal (and kinetic) action is wound back in.

Record highs in stocks provides just the kind of backdrop for Trump to press his 'escalated to de-escalate' strategy into the end of the ceasefire.

Tanker Traffic Through Strait Halted

By Sunday morning, the latest Bloomberg ship tracking data showed that tanker traffic through the Strait of Hormuz had largely ground to a halt.

There were multiple incidents of tankers U-turning over the last 24 hours.

At the same time, a senior Iranian official renewed threats to close the Bab al-Mandeb Strait.

The Hormuz chokepoint (closed once again after briefly opening on Friday morning) comes as the US blockade of Iranian ports remains in place and US-Iran diplomatic channels appear active..

The odds of shipping traffic returning to normal on the Hormuz by the end of the month are currently around 28% on Polymarket. Those odds just hours ago, early Sunday, stood around 18%.

//--> //--> Strait of Hormuz traffic returns to normal by end of April?
Yes 28% · No 72%
View full market & trade on Polymarket Vance to Lead Negotiations with Iran

President Trump told Fox News that special envoy Steve Witkoff is traveling to Pakistan for talks with Iranian negotiators, suggesting the Trump team and US Secretary of State Marco Rubio are still pursuing a negotiated off-ramp.

Separately, Trump wrote on Truth Social that his representatives "will be there tomorrow evening, for Negotiations."

The meetings in Islamabad will be "Tuesday possibly into Wednesday," Trump told Fox News in a call Sunday morning, the outlet reported.

Yet Iranian state media reported Sunday that Tehran had "rejected" the second round of talks.

Iran's "absence" from the talks, the report said, was a result of "Washington's excessive demands, unrealistic expectations, constant shifts in stance, repeated contradictions, and the ongoing naval blockade, which it considers a breach of the ceasefire."

Confirmation of another round of upcoming US-Iran talks comes one day after Iran shuttered the Hormuz, citing the US Naval blockade that remains in place.

Overnight, Mohammad Bagher Ghalibaf, speaker of the Iranian parliament, admitted on national television that there had been "progress" with Washington, but that there were many gaps and some fundamental points remained.

"We are still far from the final discussion," said Ghalibaf, one of Tehran's top negotiators.

Ghalibaf continued, "If America does not lift the blockade, traffic in the Strait of Hormuz will definitely be limited."

Trump has accused Tehran of getting "a little cute" with its flip-flopping on the strait that was reopened on Friday but abruptly closed on Saturday morning.

The ceasefire is set to expire Wednesday.

Trump Renews Threats: "No More Mr. Nice Guy"

Trump also renewed threats made earlier this month to "knock out every single Power Plant, and every single Bridge, in Iran" if no deal is reached, warning that "they'll come down fast, they'll come down easy."

Trump's full Truth Social post from earlier:

Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement! Many of them were aimed at a French Ship, and a Freighter from the United Kingdom. That wasn't nice, was it?

My Representatives are going to Islamabad, Pakistan — They will be there tomorrow evening, for Negotiations. Iran recently announced that they were closing the Strait, which is strange, because our BLOCKADE has already closed it.

They're helping us without knowing, and they are the ones that lose with the closed passage, $500 Million Dollars a day! The United States loses nothing. In fact, many Ships are headed, right now, to the U.S., Texas, Louisiana, and Alaska, to load up, compliments of the IRGC, always wanting to be "the tough guy!"

We're offering a very fair and reasonable DEAL, and I hope they take it because, if they don't, the United States is going to knock out every single Power Plant, and every single Bridge, in Iran.

NO MORE MR. NICE GUY! They'll come down fast, they'll come down easy and, if they don't take the DEAL, it will be my Honor to do what has to be done, which should have been done to Iran, by other Presidents, for the last 47 years. IT'S TIME FOR THE IRAN KILLING MACHINE TO END! President DONALD J. TRUMP

Latest headlines:

Strait of Hormuz Crisis

• Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and fired on vessels attempting to pass (BN)

• Several LNG tankers reversed course en route to the Strait of Hormuz after Iran warned ship captains that the vital channel is once again closed to maritime traffic (BN)

• Two Indian vessels reported firing and returned to the Persian Gulf (BN)

• Iran's foreign ministry says US naval blockade is a 'violation' of ceasefire (AFP)

US-Iran Negotiations

• Trump said his special envoy Steve Witkoff is traveling to Pakistan for talks with Iran on Tuesday, with talks potentially lasting into Wednesday (BN)

• Trump says US negotiators will be in Pakistan on Monday for talks with Iran, resuming negotiations after the Strait of Hormuz standoff escalated (APW) (APW)

• Iran says 'commitment for commitment' policy in US talks (NS8)

Trump's Threats and Statements

• Trump renewed threats to 'knock out every single Power Plant, and every single Bridge, in Iran' if no deal is reached (BN) (AFP)

• Trump said Iran has committed a 'serious violation' of the ceasefire but a peace deal is still possible, stating 'It will happen. One way or another. The nice way or the hard way' (BN) (JPT)

• Trump tells Fox US has massive ammunition prepared against Iran (BN)

Regional Impact

• The standoff threatens to deepen the energy crisis roiling the global economy and undermine expectations of an imminent peace deal (BN)

• Analysis suggests America's Iran operations may help China edge out US influence in Southeast Asia, with several NATO allies distancing themselves from Washington (SMP)

The previous day's US-Iran wrap:

• US Prepares To Board Iran-Linked Ships Globally Following Iranian Gunboat Attack On Tanker In Hormuz

Other Polymarket Iran Predictions:

//--> //--> US x Iran permanent peace deal by May 31, 2026?
Yes 63% · No 38%
View full market & trade on Polymarket //--> //--> Kharg Island no longer under Iranian control by May 31?
Yes 13% · No 88%
View full market & trade on Polymarket

. . . 

Tyler Durden Mon, 04/20/2026 - 06:11

It’s opening the door to a nightmarish new type of conflict in which machines hunt down and exterminate humans — changing war everywhere.

As part of his effort to turn the NYPD into a passive “community safety” agency, Mayor Mamdani dispatched a fact-finding team to Columbus, Ohio to learn how the police there manage crowds at protests.

Not to ruin your high, but habitually smoking marijuana has been known to take a toll on the body.

Just 1% of Google News articles in non-customizable sections of Google News come from outlets that rank as right-leaning, according to a bombshell study by AllSides, a nonpartisan group that classifies news outlets according to their political leanings.

The city Fire Department is proposing significant double-digit increases in the fees it charges for ambulance trips and emergency medical services provided for patients. The cost of a normal or a "basic life support" ambulance ride called through the 911 emergency system would spike from $1,385 to $1,793 -- a 29% increase.

These Are The Countries Building The Most Nuclear Power

China is set to become the world’s dominant nuclear power producer.

Based on existing and planned projects, its total capacity could reach nearly 186 gigawatts, far surpassing the U.S., which currently leads globally. This shift reflects a broader push to secure reliable, low-carbon energy as electricity demand rises.

This chart, via Visual Capitalist's Tasmin Lockwood, ranks countries by current and prospective nuclear capacity, using data from Global Energy Monitor.

How Nuclear Energy Is Set to Scale by Country

The U.S. currently leads nuclear energy production with a capacity of 102,475 megawatts, exceeding France by more than 35,000 MW.

China ranks third today at 60,898 MW, but that is set to change as new plants come online.

Dive into the data, which includes sites of any capacity as of September 2025, below:

This shift has major geopolitical implications. Countries that expand nuclear capacity can reduce reliance on imported fossil fuels while strengthening energy security and grid stability.

If all planned projects are completed, China will lead with 185,812 MW, followed by the U.S. at 117,910 MW and France at 75,590 MW.

France remains a historic leader in nuclear energy, with around 69% of its electricity generated from the technology.

The UK was home to the world’s first commercial nuclear power plant, which came online in 1956, but later scaled back its use of nuclear. The government is now aiming for a “golden age of nuclear,” though current commitments totaling 15,394 MW would rank the country just 12th globally.

Of the 17 countries with zero installed capacity today, Uganda is set to scale up the most to 18,000 MW, followed by Poland with 15,612 MW and Türkiye with 14,700 MW.

Betting on Nuclear Fusion and Fission

Today’s nuclear expansion is centered on fission, the technology that powers all existing reactors and accounts for about 10% of global electricity generation. While mature, it is evolving through smaller, modular designs that aim to reduce costs, improve safety, and speed up deployment.

This helps explain why much of the prospective capacity in the chart includes not only large-scale plants, but also a growing wave of smaller reactors backed by governments and private capital.

At the same time, nuclear fusion, the process that powers the sun, remains a long-term ambition. Despite rising investment and recent technical progress, it has yet to reach commercial scale.

For now, the global nuclear buildout is firmly rooted in fission, as countries prioritize reliable, low-carbon power that can be deployed within the next decade.

To learn more about nuclear, check out this graphic ranking the countries building the most reactors.

Tyler Durden Mon, 04/20/2026 - 05:45

“As a taxpayer and as a parent, it drives me insane."

The Edmonton Oilers may have landed in the perfect spot in the Western Conference playoff picture.

Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply

Authored by Tsvetana Paraskova via OilPrice.com,

• Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies.

• Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia.

• Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify.

Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed Europe’s energy supply vulnerability once again.

For years, European consumers have had to contend with last-minute strikes of ground personnel and cabin crew during peak summer travel. This year, strikes may be viewed as a minor nuisance compared to what’s coming within weeks—a jet fuel supply crisis that could ground flights and hike fares.

The war in Iran has cut most of Europe’s imports of jet fuel, while local output has been falling for nearly two decades due to dozens of refineries closing permanently or being converted to biofuel production.

The war in Iran and the closure of the Strait of Hormuz have severely constrained Europe’s jet fuel supply, while jet fuel prices have spiked to over $200 per barrel. The last imports from the Middle East on tankers that had passed Hormuz before the war began have arrived, and there is only one alternative to source jet fuel—from the United States. These supplies are not only insufficient to replace the loss of Middle Eastern jet fuel. Europe faces increasingly fierce competition from Asia for these cargoes as the crisis first hit Asia with crude supply from the Middle East collapsing, Asian refiners cutting refinery runs, and countries imposing fuel export restrictions to preserve domestic supply.

Back in 2009, nearly 100 refineries were operating in Europe. Of these, 28 refineries – more than 25% of the number of refineries and 16% of refining capacity – have been either shut or transformed since 2009, according to data from the European Fuel Manufacturers Association.

As refineries were closing, due to declining fuel demand in Europe and emission-reduction policies, the European dependence on imported supply has grown. The hit to supply from the Middle East caught Europe off guard regarding the security of energy supply for the second time in just four years, after natural gas deliveries from Russia crashed in 2022.

This time, the jet fuel crisis could be imminent, analysts and forecasters warn.

Last year, Europe imported about a third of the jet fuel it consumed, with 75% of imports coming from the Middle East, the International Energy Agency (IEA) has said.

Its executive director, Fatih Birol, this week warned that Europe has “maybe six weeks or so” of remaining jet fuel supply.

“If we are not able to open the Strait of Hormuz ... I can tell you soon we will hear the news that some of the flights from city A to city B might be canceled as a result of lack of jet fuel,” Birol told Associated Press in an interview.

Northwest Europe is one of the regions most exposed to the jet fuel crisis, as imports have dropped from historical norms this month, and the import decline is set to accelerate in the coming weeks as more U.S. jet fuel cargoes would go to Asia instead of Europe, Ernest Censier, market analyst at Vortexa, said in an analysis on Thursday.

The 15% drop in European jet fuel imports so far in April “reflects structural dependence on Middle Eastern supply: approximately half of NWE’s jet fuel imports typically transit through the Strait of Hormuz,” Censier said.

In addition, relatively short voyage times of about 21 days from Mina Abdulla in Kuwait to Rotterdam mean that supply disruptions are transmitted quickly into regional imports, the analyst added.

The U.S. has emerged as the key source of substitution for lost Middle Eastern supply, but this is unlikely to be sustained as U.S. jet/kerosene exports are increasingly being redirected toward the Pacific Basin, reaching a seven-year high this month, and now accounting for over 30% of total U.S. jet fuel exports.

“This reallocation reflects a broader shift in US product exports toward the Pacific Basin,” Vortexa’s Censier noted.

This leaves Europe highly exposed to the turbulence in the jet fuel markets.

Lufthansa, Europe’s biggest airline, on Thursday said it is accelerating plans to reduce its flight program and retire some aircraft earlier.

“In view of significantly increased kerosene prices, which have more than doubled compared to the period before the Iran war, as well as rising additional burdens from labor disputes.”

“The package for accelerated implementation of fleet and capacity measures is unavoidable in light of the sharply increased kerosene costs and geopolitical instability,” said Till Streichert, Chief Financial Officer of Lufthansa Group.

Tyler Durden Mon, 04/20/2026 - 05:00

A United Airlines plane with around 200 passengers on board was forced to evacuate over a bomb threat at Denver airport – the second such security scare in a matter of days. Travelers bound for Washington Dulles disembarked the plane Sunday night while the jet was screened over a “security concern,” a United Airlines spokesperson...

Chicago schools may help students attend 'civil engagement events' despite May 1 still being a full school day.

An earthquake ‌with a preliminary magnitude of 7.4 struck off ​the northeastern coast of ​Japan on Monday afternoon, ⁠the Japan Meteorological ​Agency said.