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Tuesday, March 3, 2026

Oil Tumbles As Trump Considers Insurance Aid For Tankers

 The price of crude instantly tumbled on Tuesday after the Trump administration is reportedly considering providing, or assisting in obtaining insurance for oil tankers crossing through the strait of Hormuz. 

According to Reuters, "U.S. President Donald Trump will review policy options on Tuesday aimed at controlling energy prices following recent attacks linked to Iran, including a proposal to help oil tankers transiting conflict zones to obtain insurance, according to two sources familiar with the matter." 

Ships have been frozen on either side of the strait after insurers instituted "war policies" that wouldn't pay out. 

Supertanker costs in the Middle East have hit ​all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the ‌Strait of Hormuz.

The immediate reaction was a plunge in crude prices...

And as we suggested earlier today...

The news comes after the commander of Iran's Revolutionary Guards said that the strait of Hormuz is closed and that Iran would target any ship trying to pass through. 

Carter Doctrine meets Trump Doctrine?

If President Trump were to provide U.S. Treasury-backed war-risk insurance or direct naval assistance to oil tankers transiting the Strait of Hormuz, it would amount to a modernized fusion of the Carter Doctrine with Trump-style economic statecraft. In 1980, Jimmy Carter declared the Persian Gulf a vital U.S. interest and pledged to use “any means necessary” - up to and including the use of military force - to prevent outside powers from controlling it. That doctrine institutionalized a permanent American security guarantee over Gulf energy flows, eventually embodied in the creation of United States Central Command and the U.S. naval presence that still patrols the region. Its core premise was simple: energy security is national security.

A Trump-era move to insure or financially backstop tanker traffic through Hormuz would preserve that core premise but update the mechanism. While the exact details of the insurance proposal are unknown - rather than relying solely on overt military escalation to reopen the strait, Washington could absorb shipping risk, stabilize insurance markets, and allow tankers to sail under U.S. guarantees - with naval force as a backstop rather than the opening move. In effect, it would convert a military red line into a market-stability red line. Iran’s leverage depends on panic: if oil spikes toward $100–$120 because traffic halts for weeks, global recession pressure mounts. But if the U.S. neutralizes that panic through financial guarantees and controlled deterrence, the chokepoint loses much of its coercive power.

The result would be a hybrid doctrine: Carter’s hard-power commitment to freedom of navigation combined with Trump’s preference for leverage, economic tools, and time-bound pressure rather than open-ended intervention. It would signal that the United States will not allow the weaponization of energy chokepoints - not just through force, but through balance-sheet power. 

Developing...

https://www.zerohedge.com/political/oil-tumbles-trump-floats-insurance-tankers

Drone Strikes On Amazon Data Centers In Middle East Reveal Urgent Need To Defend AI

 For the first time in modern warfare, Iranian kamikaze drones struck commercial data centers in the Middle East operated by Amazon. This marks a major escalation in the targeting of civilian digital infrastructure.

Amazon wrote on its website that three Middle East data centers were hit by Iranian drones, causing widespread outages at Amazon Web Services facilities tied to the "ongoing conflict in the Middle East."

"These strikes have caused structural damage, disrupted power delivery to our infrastructure, and in some cases required fire suppression activities that resulted in additional water damage," the company said in a post on Monday on AWS's health dashboard. 

Operations in the Middle East remain "significantly impaired," AWS said, noting that "customers are experiencing elevated error rates and degraded availability for services."

The entire 'bomb the data center' incident led us to write a note on Monday morning titled, "Modern Warfare Sees First Drone Strike on a Commercial Data Center." This marks a first in a world where Morgan Stanley's Vishwanath Tirupattur recently forecasted that $3 trillion in global data center spending will occur through 2028. Translation: there's a massive security gap in defending data centers from aerial threats. 

We first outlined the theme in a late January note titled "Explosion in AI Data Center Buildouts Will Demand Next-Gen Counter-Drone Security."

Our view at the time was:

Wall Street analysts largely end their analysis at the financing and construction of next-generation data centers, with limited discussion regarding the modern security architecture required once these facilities are built and become instant high-value targets for non-state actors or foreign adversaries; traditional perimeter measures such as metal chainlink fencing and standard surveillance systems are rendered useless in the world of emerging AI threats, including coordinated autonomous drone or swarm-based attacks enabled by advances in AI and low-cost unmanned systems.

The key takeaway is that Wall Street analysts and data center developers have just received a major wake-up call: trillions of dollars in planned data center buildouts will require next-generation security, including high-tech counter-drone detection, tracking, and kinetic interception systems. This follows the Ukraine war and other recent modern battlefields, which have sparked the hyper-development of cheap, dual-use, consumer-grade drones that can be mass-produced at a fraction of the cost of traditional air-delivered munitions. We said weeks ago, this proliferation of drones and AI kill chains has given readers a glimpse of the 2030s battlefield.

Our view is that Wall Street will now begin searching for "war unicorns" specializing in counter-threat systems, whether in detection, electronic warfare, or kinetic defenses, as the world appears increasingly unstable and the need to harden critical data center infrastructure against FPV and other drone threats becomes a national security threat. 

https://www.zerohedge.com/ai/drone-strikes-amazon-data-centers-middle-east-reveal-urgent-need-defend-ai

Blackstone Launching Public Vehicle for Data Center Acquisitions

 Amid overwhelming redemptions in other fundsBlackstone is preparing a publicly traded acquisition company dedicated to data centers, opening the door for “mom and pop" to jump into the AI boom, just as the market is panicking over who will find the trillions in data center spending over the next several years

Bloomberg reported that the vehicle’s focus is on already-built and leased facilities, allowing rapid deployment amid surging hyperscaler demand.

The new entity will initially raise capital from sovereign wealth funds and institutional investors before broadening access, with plans to gather tens of billions overall. This structure positions the vehicle as a direct player alongside REITs such as Digital Realty and Equinix, while leveraging Blackstone’s established scale in the sector.

Blackstone has emerged as the world’s largest data center owner following its 2021 privatization of QTS Realty Trust in a deal valued at roughly $10 billion. Since then, QTS’s leased capacity has expanded 14-fold. Blackstone Chief Executive Officer Steve Schwarzman said the “historic pace of investment” to develop AI is the “key driver of economic growth today and is creating an enormous need for capital solutions.”

The timing aligns with accelerating shifts in commercial real estate. Just last week, we detailed the ongoing AI takeover with server-farm projects now outpacing traditional office builds nationwide for the first time ever.

There was also a recent meeting at the White House between some of the heads of major tech companies and President Trump who pledged their data centers won't boost electricity bills.

For retail investors, the vehicle offers exposure to the “picks and shovels” of AI without needing to pick individual tech winners. Blackstone’s track record with QTS suggests strong underlying fundamentals, but broader challenges persist around power availability and potential construction delays. The recent report from MacroEdge shows January 2026 already setting records for data center cancellations and postponements. 

https://www.zerohedge.com/markets/blackstone-launching-public-vehicle-data-center-acquisitions

Voters Head To Polls In First 2026 Primary Elections, TX and NC

by Joseph Lord via The Epoch Times,

Today, voters in Texas and North Carolina will cast their ballots in the first major contested primary elections of the 2026 midterm elections.

The elections in the two states have high stakes for the control of Congress in 2027.

The Texas Senate primaries for both parties have become some of the most closely watched in the nation, as Democrats vie for an upset victory over the GOP nominee in the general election.

In North Carolina, meanwhile, Republican candidates are facing off for their party’s nominations in a district redrawn to favor the GOP.

Here’s what to know.

Texas Republican Primary

While both parties are investing substantial resources and attention toward the race to be the Lone Star state’s next senator, Republicans enter the race with a strong advantage after President Donald Trump won the state by more than 14 points in 2024.

The incumbent in the race, Sen. John Cornyn (R-Texas), is facing one of the toughest primary challenges of his career from Texas Attorney General Ken Paxton. Rep. Wesley Hunt (R-Texas) is also seeking the Republican nomination.

Political analysts and betting markets largely view Paxton and Cornyn as the leading contenders.

Paxton entered the race earlier this year, carrying lingering fallout from past controversies, including his 2023 impeachment by the Texas House and subsequent acquittal by the Texas Senate. Framing the contest in ideological terms, Paxton has cast the race as a showdown between his brand of populist “America First” conservatism and what he describes as the establishment politics embodied by Cornyn.

Cornyn, meanwhile, has characterized the primary as a referendum on character, pointing to Paxton’s impeachment proceedings and other legal issues. At a recent campaign event, Cornyn accused Paxton of a “scandal-plagued career” and warned that he could be a “dead weight” on the ballot.

Paxton currently holds a 3.8 lead over Cornyn in RealClearPolitics polling averages.

Trump has yet to say which candidate he will endorse but has expressed his appreciation for both.

Texas Democratic Primary

Given the historically favorable national political environment for the party of the opposition in the midterm elections, Democrats are hoping for a long-shot win in the Lone Star State’s Senate election this year.

Texas state Rep. James Talarico led the pack of potential Democratic nominees, though polls show the possibility of a close race with U.S. Rep. Jasmine Crockett (D-Texas), who entered the race on Oct. 8 last year.

Talarico rose to prominence during the redistricting battle this summer as Texas Republicans voted to add five Republican districts to the state’s congressional map. The former seminarian has gained national media and online attention for his Christian-focused messaging.

Crockett has become well-known for her heated questions during hearings on Capitol Hill.

Former Rep. Colin Allred (D-Texas) had been running but ended his bid for the nomination after Crockett announced her candidacy.

According to recent polling averages from RealClearPolitics, Talarico is leading Crockett by 4.5 percent.

In hypothetical polling match-ups, surveys said Talarico would be advantaged in a race against Paxton, but is disfavored if Republicans select Cornyn as their nominee.

Meanwhile, polling currently has Crockett at a disadvantage against either of the major Republican candidates.

The primary race will be held on March 3, and any runoff races are scheduled for May 26.

North Carolina’s 1st District Republican Primary

In North Carolina’s First Congressional District, Rep. Don Davis (D-N.C.) is running for reelection in a district that was redrawn through redistricting.

Davis won a second term in 2024 by less than 2 percent, becoming one of 13 House Democrats to win elections in districts won by Trump. He’s criticized the new boundaries for his districts, which now favor Republicans.

He faces no opposition in the Democratic primary, while five Republicans are vying for their party’s nomination.

Among them is Army veteran and former Trump administration official Laurie Buckhout, who is seeking a rematch after narrowly losing to Davis in 2024.

State Sen. Bobby Hanig, former sheriff Asa Buck, and Lenoir County Commissioner Eric Rouse are other political notables in the district seeking the nomination.

Rounding out the GOP field is attorney and small-business owner Ashley-Nicole Russell.

North Carolina’s 11th District Democratic Primary

In North Carolina’s 11th Congressional District, five Democrats are competing in the primary for the opportunity to take on incumbent Rep. Chuck Edwards (R-N.C.).

Although Edwards won reelection comfortably in 2024, Democrats are hoping to win enough support to flip the seat in the upcoming election.

The Democratic field includes farmer Jamie Ager, educator and advocate Zelda Briarwood, physician Richard Hudspeth, cancer researcher and professor Paul Maddox, and civil engineer Lee Whipple.

Ager is centering his campaign on lowering everyday costs, expanding access to health care, advancing immigration reform, and strengthening public safety. An internal Democratic poll shared with Newsweek shows Ager leading Edwards by 1 percentage point.

Briarwood is advocating for increased investment in rural health care, expanding Medicaid, limiting private equity ownership of residential housing, and making community college tuition-free.

https://www.zerohedge.com/markets/voters-head-polls-first-2026-primary-election-what-know

Blood Test Widens Door to Early Crohn’s Disease Diagnosis and Vaccination

 Increased serum antibody response to commensal Lachnospiraceae flagellins appears to be preclinically associated with future risk for Crohn’s disease (CD) in healthy first-degree relatives (FDRs) of CD patients, a new study confirmed.

Pre-CD immunoglobulin G (IgG) seroreactivity toward a conserved bacterial flagellin epitope may be another early preclinical biomarker of CD, a study by Canadian, US, and Israeli researchers published in Clinical Gastroenterology and Hepatology confirmed. The findings add more evidence of early inflammatory markers long before CD diagnosis.

In addition to highlighting the interplay between gut microbes and the immune system, the presyptomatic rise in flagellin antibodies suggests this seroreaction may trigger disease onset rather than being a consequence of it. Whip-like proteins on the surface of bacteria, flagellins propel the bacteria around their environment in search of new habitats to colonize and new food sources, and they play a role in immune mediation

“The impetus for the current study was the recognition that CD is preceded by a long, silent, preclinical phase during which immune dysregulation is already underway, but individuals remain asymptomatic,” co-senior author Sun-Ho Lee, MD, PhD, a clinician-scientist at the Lunenfeld-Tanenbaum Research Institute and the Centre for Inflammatory Bowel Disease at Mount Sinai Hospital in Toronto, told Medscape Medical News. “Although prior studies showed that antimicrobial antibodies can appear years before diagnosis, it was unclear which immune responses were most informative or biologically meaningful.”

To clarify that connection, the Mount Sinai team and colleagues examined data from the Crohn’s and Colitis Canada Genetic, Environmental, Microbial Project (GEM) involving more than 5000 healthy FDRs of CD patients in seven countries: Canada, the United States, the United Kingdom, Israel, Australia, New Zealand, and Sweden. So far, 130 FDRs have developed the condition during follow-up. 

The group’s earlier published research had also suggested that elevated antimicrobial antibody responses are associated with CD risk, independent of usual biomarkers of abnormal gut barrier function, subclinical inflammation, and related genetic risks. This strengthened the idea that such responses are an early predisease event in CD.

Confirming their previous study, immune responses against bacterial flagellins — especially those of the anaerobic gut bacterium Roseburia hominis— were strongly associated with future CD risk in FDRs on average about 2.5 years before diagnosis. 

On the clinical practice front, the flagellin protein’s strong immune-stimulating properties make it a promising contender as a vaccine adjuvant. “The flagellin epitope is an attractive candidate for a future preventive vaccine, but there are still plenty of unknown variables that need to be tested first,” study coauthor Williams Turpin, PhD, a translational research scientist and an assistant professor in the University of Toronto Temerty Faculty of Medicine’s Medical Department of Nutritional Sciences, told Medscape Medical News. “Previous work from Dr Benoit Chassaing from Institut Pasteur in Paris showed that a vaccine against Salmonella flagellin protects against colitis in mice, and a similar vaccine might work in humans.” 

As to why certain individuals develop antibodies against this epitope before CD onset, Turpin said, “It could be a lack of immune tolerance, or that the flagellin peptide tends to translocate much more easily as a result of defects in barrier function. However, the presence of antiflagellin antibodies through vaccination prior to exposure to flagellins could perhaps be an efficient strategy to prevent the pathogenic effect of the specific epitopes identified here.” 

Resources permitting, should all healthy FDRs of CD patients now be tested? “We previously showed that healthy FDRs have an up to 21% prevalence of abnormal response to flagellins, and there’s an even higher prevalence of up to 46% in those who later develop CD,” said coauthor Lee. “Testing for the presence of this epitope could identify individuals who are even higher risk. Those with the highest risk could then benefit the most from intervention aiming to reduce the risk of CD or delay its onset.”

First, however, there needs to be an understanding of the succession of events that lead to the increase in antibodies against this specific flagellin epitopes so that interventions can perhaps prevent pathogenesis, Lee cautioned. “We also don’t know the functional consequence of increased antiflagellin antibodies — whether this impacts the encroachment of specific species or increases the virulence potential of microbial species associated with CD,” he said. 

Added co-senior author Ken Croitoru, MD, “With all the advanced biologic therapy we have today, patients’ responses are partial at best. We haven’t cured anybody yet, and we need to do better.”

Study Details 

The current analysis monitored a nested case-control cohort of FDRs who later developed CD (n = 77). The median age of probands was 15 years (interquartile range, 12-21), 58.4 were female, and 80.5% were siblings rather than offspring, suggesting the influence of shared early-life environmental experience. The cohort consisted of 259 people from Canada, three from Israel, and eight from the United States.

CD patients were matched with healthy FDRs (n = 304) in a 1:4 ratio by age, sex, follow-up duration, and geographic location. Sera obtained at enrollment were probed for antimicrobial reactivity using a microbiota antigen microarray and a cytometric bead peptide assay. Conditional logistic regression was used to evaluate the association with CD onset, and a partial Spearman test was used to correlate serologic responses with variables such as lactulose-to-mannitol ratio (LMR), C-reactive protein, and fecal calprotectin (FCP). False-discovery rate was controlled using the Benjamini-Hochberg method (q < 0.05). “An ELISA [enzyme-linked immunosorbent assay] test could be used in future clinical settings given its low cost and rapid turnaround,” Lee said. 

Of the 381 FDRs, 77 eventually developed CD over time. Of these, 28 had elevated antibody responses before diagnosis. Unsurprisingly, siblings showed especially strong responses.

Five antibodies positively correlated with FCP and three positively correlated with LMR. These IgG-seroreactive flagellins shared significant amino acid sequence homology, characterized by a conserved flexibility-linked hinge peptide within the D0-D1 domains of the amino terminus. A cytometric bead array confirmed the association of elevated IgG seroreactivity to the hinge peptide with future CD risk, independent of LMR and FCP. 

Ashwin N. Ananthakrishnan, MBBS, MD, MPH, a clinician investigator at Mass General Research Institute and an associate professor at Harvard University in Boston who was not involved in the study, told Medscape Medical News, “This is an important study that builds on prior work from this group and others demonstrating that there exists a subclinical period in some patients who develop CD even many years before diagnosis.”

Ananthakrishnan cautioned, however, that the test is far from ready for prime time because while studies have established that informative at-risk markers exist, no interventions have yet been shown to prevent disease. “We still don’t know whether it’s limited, immunologically directed medical treatment, microbiome-based treatment, or lifestyle-based treatment such as diet that will be effective and acceptable to healthy patients who do not yet have a disease — not to mention the lack of data on the duration that such interventions would be necessary.”

Further validation and mechanistic studies are underway at Mount Sinai.

The research was funded by Crohn’s and Colitis Canada, the Canadian Institutes of Health Research, and the Leona M. and Harry B. Helmsley Charitable Trust. The cytometric bead array was developed with a grant from the Rainin Foundation. 

Lee and Turpin had no conflicts of interest. Coauthor Elson reported a patent on Lachnospiraceae A4 Fla2, licensed by Prometheus Laboratories. He is founder, board member, and chief scientific officer of ImmPrev Bio, which is developing an antigen directed immunotherapy for CD. Elson and coauthors Zhao and Duck have filed a patent on the cytometric bead array. 

Ananthakrishnan had no competing interests.

https://www.medscape.com/viewarticle/blood-test-widens-door-early-crohns-disease-diagnosis-and-2026a10006jq

Lavrov: Russia ready to support peace in M. East

 Russian Foreign Minister Sergey Lavrov reaffirmed on Tuesday Moscow's readiness to support a diplomatic solution to the crisis and eventual peace in the Middle East in a telephone call with his Iranian counterpart, Abbas Araghchi.

According to an official statement issued by the Russian Foreign Ministry, Lavrov and Araghchi discussed the ongoing conflict between the United States and Israel on one side and Iran on the other, which was cited as an "unprovoked armed aggression" by the two allies. "It was emphasized that such actions undermine fundamental norms of international law and have grave consequences for the entire Middle East," the text read.

In his earlier criticism of the US and Israel's operation, Lavrov insisted that there is no evidence that Iran is developing nuclear weapons.

https://breakingthenews.net/Article/Lavrov:-Russia-ready-to-support-peace-in-M.-East/65792726

Trump: We are going to cut all trade with Spain

 United States President Donald Trump said on Tuesday he wants "to cut all trade" with Spain after accusing Madrid of blocking US access to Spanish military bases.

Speaking at a press conference alongside German Chancellor Friedrich Merz, the US president claimed he had instructed Treasury Secretary Scott Bessent to "clear off" dealings with Spain amid the escalating war against Iran.

Spain has publicly said it will not allow the Rota and Moron bases to be used for attacks on Iran, arguing any activity must stay within existing agreements and international law.

https://breakingthenews.net/Article/Trump:-We-are-going-to-cut-all-trade-with-Spain/65792293