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Sam Neill was ‘Jurassic Park’s’ underrated secret weapon
Sam Neill was ‘Jurassic Park’s’ underrated secret weapon
Dubai's New East Coast Port Signals The Beginning Of End For Iran's Hormuz Leverage
Less than a week into the US-Iran conflict, specifically on March 3, we began to see the writing on the wall: Tehran's leverage over the Strait of Hormuz would eventually erode. That would happen not only because the US military could systematically destroy IRGC's radar sites, coastal missile batteries and drone launch sites along the maritime chokepoint, but also because Gulf states would eventually respond with a generational infrastructure buildout, from new pipelines to coastal ports, designed to entirely bypass Hormuz altogether.
Surprising Fujairah is not a bigger oil terminal: it bypasses the straits completely.
Expect major infrastructure push here after the war. https://t.co/Do1gK7KBDQ
The emerging theme gained momentum on Monday morning with a new Financial Times report stating that Dubai's state-owned ports and logistics giant, DP World, is considering a massive new port and container terminal on the UAE's east coast, in Fujairah, to bypass the Hormuz chokepoint.
Jebel Ali's port, which handled 15.6 million 20-foot containers last year, is located southwest of central Dubai, toward Abu Dhabi, and was battered over the last several months when Iran closed the strait, sending containerized volume down nearly 95%. That shipping shock, according to an FT source, was enough for DP's executives to begin looking for alternative routes.
Here's more from the report:
DP World was now discussing a term sheet with government officials, with the new project's structure and financing yet to be finalised, the people said. The new port could be completed as soon as within a year and a half, a senior company official said.
The Jebel Ali Port is DP's crown jewel, the largest port and the anchor of the Jafza free zone, which hosts about 12,000 companies.
"Jebel Ali will continue to be Jebel Ali," a senior DP official told the FT. "It will never be downsized."
"We do have our own plan, and we've been very active in terms of looking at the eastern coast as far as DP World is concerned," the senior official said. "It's defensive in case things go wrong," the senior DP official continued.
Shifting part of the port's capacity outside Dubai is a seismic change but not surprising given that UAE's Minister of Foreign Trade Thani Al Zeyoudi recently told Bloomberg in an exclusive interview, "We're moving toward having zero Hormuz dependency and that's regardless of whether it's open or not. It's going to open and we hope that will happen quickly, but we will not stop the new plan."
The plan includes major investments in pipelines, rail, and road links from UAE ports in the Persian Gulf to Dibba, Fujairah, Khor Fakkan and at least one new harbor on the Gulf of Oman coast.
In the early months of the conflict, Saudi Arabia's Hormuz-bypassing East-West pipeline was the prime example of being hedged for a Hormuz closure, able to shift 7 million barrels a day from Persian Gulf loading terminals to those at Yanbu on the Red Sea.
Related:
With US-aligned Gulf states in the process of shifting critical energy and container supply chains away from the Hormuz area, this will only accelerate the erosion of Tehran's geopolitical leverage over the chokepoint.
... and now with President Trump reinstating the Hormuz blockade...
... this will only supercharge the bypass theme.
Tyler Durden Mon, 07/13/2026 - 13:45Driver somehow escapes death after plunging 600 feet off cliff — but ends up in cuffs anyway
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Beyoncé upgrades her 2003 heeled Timberlands with crystals for Jay-Z concert at Yankee Stadium
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Here’s where to stream Sam Neill’s movies and TV shows following his death
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"Don't Let China Win": President Trump Presses Senate On CLARITY Act In Final Stretch
Authored by Micah Zimmerman via BitcoinMagazine.com,
The Senate returns to Washington on July 13, with the clock running down on the most consequential piece of crypto legislation in years. Lawmakers now have roughly four weeks to schedule, debate, and pass the CLARITY Act before the August recess.
President Trump weighed in directly on Monday, posting on Truth Social that “in honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act” and warning that China and other countries “would like to take complete and total control of this major financial ‘happening,'” as well as A.I.
White House crypto adviser Patrick Witt amplified the urgency, noting the critical week coincides with the one-year anniversary of the GENIUS Act and cautioning, “We cannot afford to delay any longer.”
This is a window many policy watchers see as the last realistic chance to enact comprehensive digital-asset market structure legislation this Congress.
The CLARITY Act would draw a firm regulatory line between the SEC and the CFTC, granting the commodities regulator exclusive jurisdiction over spot markets for “digital commodities” while leaving the SEC to oversee investment-contract assets.
It cleared the House in July 2025 by a bipartisan 294–134 vote and advanced out of the Senate Banking Committee in May by a 15-9 margin, with two Democrats joining all Republicans.
Those committee votes, however, came with warnings that floor support was not guaranteed.
This week’s milestone is the release of updated text merging the Senate Banking and Agriculture Committee versions, the clearest signal yet of what survived negotiations and what remains unsettled.
JUST IN: 🇺🇸 President Trump says "The U.S. Senate should pass the Clarity Act." 🚀 pic.twitter.com/9Y7VxKZ3ck
— Bitcoin Magazine (@BitcoinMagazine) July 13, 2026 Clarity Act issues remainThe bill missed the July 4 signing ceremony that White House crypto adviser Patrick Witt had targeted, and while meetings ran through the recess, the thorniest issues remain unresolved, according to Crypto in America. Getting to 60 votes may prove harder than getting this far, and with the Republican conference shrinking, Democratic buy-in matters more than ever.
Chief among them is the Blockchain Regulatory Certainty Act, folded into the CLARITY Act as Section 604, which would shield non-custodial software developers from being treated as money transmitters.
Law enforcement groups argue the language, as written, would hamper investigations into on-chain crime, and Democratic support may hinge on revisions.
An ethics standoffThe more explosive fight is over ethics. Negotiators have yet to reach a CLARITY Act deal with the White House on guardrails around conflicts of interest tied to President Trump’s crypto ventures, after disclosures showed he earned more than $1 billion from crypto-related businesses last year.
House members have pressed the Senate to act while addressing those concerns, and a coalition of more than 200 companies has urged leadership to bring the bill to the floor. The coalition argued that the bill would establish a clear federal framework for digital assets and help keep innovation in the U.S.
Complicating the math, the death of Senator Lindsey Graham (R-SC) and the continued absence of Mitch McConnell (R-KY) leave Republicans with almost no room for error in reaching 60 votes.
Sentiment is split. Solana Policy Institute President Kristin Smith says momentum is building and a floor vote before recess remains achievable, echoing CFTC leadership calling the bill “so close.”
Others are wary: Galaxy Digital cut its passage odds to 50-50, citing the shrinking calendar and competing priorities like the NDAA. The firm said the legislation still faces procedural hurdles, unresolved ethics and developer-protection disputes, and a crowded Senate agenda that could delay consideration until September. Galaxy said the odds would improve if Senate leaders commit to a July vote. Odds were as high as 70% earlier this year.
The next four weeks may be CLARITY’s last chance in the 119th Congress.
Tyler Durden Mon, 07/13/2026 - 13:25