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🇺🇸 - Five current and former IRS employees have been charged in a scheme to fraudulently collect COVID-19 aid.
According to court documents, the defendants tried to obtain a total of USD 1 million by submitting false applications.
According to the Department of Justice, the defendants used the money for cars, luxury goods and personal travel. Brian Saulsberry of Memphis obtained USD 171 400 and is accused of buying a Mercedes and cushioning a personal investment account.
Tina Humes, also of Memphis, received USD 123 612 according to the DOJ, and is accused of using it to buy jewelry and go on a trip to Las Vegas.
This is part of a larger effort to crack down on COVID-19 fraud schemes that has led to 150 prosecutions and the seizure of USD 75 million dollars.
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🇦🇪🍔⚠️— BREAKING : Dubai will soon run out of food due to the blockade of the Strait of Hormuz, according to the head of the logistics company Kühne + Nagel, Paul.
▶️There is 10 days of fresh food left there. Theoretically, provisions can be transported overland from Saudi Arabia, but the available capacity is not enough to replace the cargo of at least one container ship.
▶️Up to 20,000 containers can be transported on a single vessel, a volume that is almost impossible to compensate for with trucks.
Jet fuel spot prices have increased by 140% since the Feb. 27, 2026, closure of the Strait of Hormuz following U.S.-Israeli strikes on Iran. This surge, driven by fears of a severe supply shortage for low-inventory refined products, has driven Asian prices to over $225 per barrel.
Key Impacts of the Jet Fuel Surge:
Massive Price Jump: The spot price for jet kerosene rose 140% from a Feb. 27 close of $93.45 a barrel.
European Impact: In Europe, jet fuel prices soared by more than 140%, reaching their highest levels since 2022.
Profit Margins: The profit margin for producing jet kerosene from Dubai crude jumped to over $100 a barrel.
Airline Response: Major airlines are hedging large percentages of their fuel needs into 2027 to manage the crisis.
Supply Chain Disruptions: The closure of the Strait of Hormuz has blocked a route that typically handles about 20% of the world's crude oil.
Even if the conflict is resolved, the disruption to supply chains is expected to cause ...
