Saudi Energy Minister Prince Abdulaziz bin Salman outlines plans to expand the Kingdom’s pipeline capacity and diversify oil transport routes.
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Day: October 13, 2026
🚨🇺🇸 Trump wants steam catapults back on Navy carriers because of one sailor the Navy can’t find…
On a 2017 tour of the USS Gerald R. Ford, a sailor reportedly told Trump that electric catapults need MIT geniuses to fix while steam needs a hammer and a blowtorch.
The Navy was ordered in August to price steam for its next carrier, and that sailor has never turned up.
Steam has a real case, since it worked for 70 years and crews can fix it at sea with basic tools, while the Ford’s electric system kept breaking and blew the budget.
Electric’s case is stronger.
It launches jets more gently so they last longer, handles everything from light drones to heavy fighters, and beat steam in a February stress test, while nobody has built steam catapults in decades.
So should a ship due in 2034 be designed around one conversation from 2017?
The smarter play is forcing contractors to make the electric catapults bulletproof, because ripping them out could cost billions and leave America’s newest carrier running on technology its biggest rival has already left behind.
Source: The Wall Street Journal, TWZ / Writer: Daniel
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The International Monetary Fund (IMF) projects that Azerbaijan’s GDP will grow by 1.7% in 2026 and 2.3% in 2027.
According to Report, citing the IMF’s October outlook, the Fund has lowered its GDP growth forecasts for Azerbaijan by 0.5 percentage points for 2026 and 0.2 percentage points for 2027 compared with its May projections.
Based on the updated estimates, Azerbaijan’s economy is expected to grow by an average of 2% annually over the next two years.
The IMF now forecasts average annual inflation in Azerbaijan at 5.8% in 2026 and 5.6% in 2027. By comparison, its spring projections had put inflation at 6% in 2026 and 4.2% in 2027.
The Fund’s experts also assessed labor market trends, projecting that Azerbaijan’s unemployment rate will remain at 5.3% in 2026, unchanged from 2025, before easing to 5.2% in 2027.
Azerbaijan’s Ministry of Economy expects GDP growth of 1.7% this year and 2.7% next year. Meanwhile, the Central Bank of Azerbaijan (CBA) forecasts economic growth of 0.5% in 2026 and 2.6% in 2027.
According to the Ministry of Economy, average annual inflation will stand at 5.7% in 2026 and 5.3% in 2027. The CBA’s July forecast, meanwhile, projected inflation of 6.1% in 2026 and 5.8% in 2027.
Erik Slater offers his top takeaways from the Brooklyn Nets’ 131-122 preseason win over the Washington Wizards.
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Azerbaijan stresses role of traditional energy in sustainable development Latest news from Azerbaijan
🇺🇸 🇮🇷 NOBODY really controls the Strait of Hormuz, and the shipping math shows it…
Maritime historian Sal Mercogliano runs the numbers: a state-owned fleet losing 5% of its tankers per trip is wiped out in about 20 voyages, and private owners now charge $1.4 MILLION a day to make the run.
“We’re seeing the ground war that the US fought in Iraq and Afghanistan being waged now on the sea in the Strait of Hormuz through this kind of asymmetric warfare.”
Every tanker lost makes the next voyage pricier, and that bill hits American gas pumps long before the fleet runs dry.
@mercoglianos @philippilk
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Mario Nawfal (@MarioNawfal)🇺🇸 🇮🇷 The official numbers on Hormuz aren’t lining up with what’s actually happening on the water
Economist Philip Pilkington says when official figures and the hard reality of tankers and oil stockpiles point different ways, he trusts what he can verify, and maritime historian Sal Mercogliano’s independent tracking puts that to the test:
“If I can’t rely on data, what do I rely on? I rely on what I actually know.”
If the official count is right, stockpiles will show it soon… and if they don’t, markets will notice before anyone admits it.
@mercoglianos @philippilk
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— https://x.com/MarioNawfal/status/2109854253032370607
During a House Select Committee on the CCP hearing before the Congressional recess, Rep. André Carson (D-IN) asked Peter Harrell, Visiting Scholar at the Georgetown University Institute of International Economic Law and Senior Fellow on the Council on Foreign Relations about methods Chinese sellers can use to circumvent product restrictions levied by Congress.
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During a House Select Committee on China hearing before the Congressional recess, Rep. Ashley Hinson (R-IA) discussed critical supply chains from China.
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