The last safe oil port in the Middle East went dark this morning. A drone struck Oman’s Mina al-Fahal terminal… the one major export point outside the Strait of Hormuz where crude could still be loaded.

Oman suspended all loading operations. Supertankers sat anchored offshore with nowhere to go. The explosion hit between two single-buoy mooring berths… the exact spot where tankers connect to fill their holds. India had just signed a trade deal with Oman to secure this route—specifically because it was supposed to be outside the war zone. That bet died in a fireball.

And it gets worse. Hours earlier, Iran’s military claimed it fired Qadir missiles and attack drones at two U.S. Navy destroyers—the DDG-103 and DDG-87—in the Gulf of Oman. Tehran says both ships “retreated toward the Indian Ocean.” U.S. Central Command fired back on X: “Iranian forces did NOT attack or fire at U.S. Navy warships.”

Someone is lying. But here’s what nobody disputes… Polymarket gives a U.S.-Iran peace deal just a 25% chance by June 30. The Strait of Hormuz reopening? Eighteen percent. Iran’s Foreign Minister Abbas Araghchi said Thursday there has been “no tangible progress” in talks. He warned that American bases in the region are “legitimate targets.”

The ceasefire is a press release. The war is a fact. And now the last calm corner of the oil market is burning.

BREAKING

House Votes to End the Iran War. The White House Doesn’t Flinch.

The House passed a War Powers Resolution on Wednesday ordering the president to withdraw U.S. forces from Iran. The vote was 215 to 208. It was the first time either chamber successfully passed the resolution since the war began in February.

Four Republicans crossed party lines—Thomas Massie, Tom Barrett, Warren Davidson, and Brian Fitzpatrick. They joined every Democrat. Speaker Mike Johnson tried to stop it… he sent House members home early for a May recess two weeks ago, hoping support would fade over the break. It didn’t. The measure came back Wednesday and passed anyway.

But here’s the part that matters. A War Powers Resolution without Senate passage and a presidential signature changes nothing on the ground. And within 48 hours of the vote… Iran fired missiles at U.S. destroyers, drones hit Oman, and an oil terminal went dark. The war isn’t winding down. It’s accelerating.

Massie—who co-sponsored the original resolution with Democrat Ro Khanna back in March—lost his Kentucky primary last month after AIPAC dumped over $25 million into the race to unseat him. He voted to end the war anyway. The machine took his seat. It couldn’t take his vote.

EXPOSED

$25 Billion in Obamacare Fraud—and Nobody’s Getting Arrested

A report landed this week with a number so large it should have led every newscast in the country. It didn’t.

Paragon Health Institute found that 6.2 million Obamacare enrollments—27% of all signups—were improper. The cost to taxpayers? Up to $25 billion in 2026 alone. That’s nearly a quarter of the $88 billion in total ACA subsidies this year.

The fraud works like this. Brokers falsify income for enrollees… pushing them into the lowest bracket to qualify for maximum subsidies. During the 2026 enrollment period, 29% of all signups chose a plan with a $0 premium. Zero dollars. The enrollee gets free coverage. The broker collects a commission averaging $20 per person per month. The insurer gets a taxpayer-funded check for the full premium. Everyone profits. Except you.

CMS Administrator Mehmet Oz confirmed the scale at the White House podium on Tuesday. He said roughly 35% of exchange users “may not be legit”… people who have never once filed a claim on their coverage. Enrolled by a broker. Paid for by the government. Used by nobody.

And despite Trump administration efforts to tighten verification… the fraud machine keeps running. Weak identity checks. Automatic re-enrollment. Zero criminal referrals. The guardrails came off under Biden. They haven’t gone back on.

DEVELOPING

SpaceX Begins $75 Billion IPO Roadshow—While Holding Billions in Pentagon Contracts

SpaceX kicked off its IPO roadshow this week. The company plans to list on Nasdaq June 12 under the ticker SPCX at a fixed price of $135 per share. Target valuation: $2 trillion. Planned raise: $75 billion. If it goes as expected… this will be the largest IPO in history. By a factor of three.

Elon Musk could become the world’s first trillionaire. And that fact alone should raise a question nobody on Wall Street seems interested in asking.

SpaceX holds more than $13 billion in NASA contracts. Nearly $6 billion from the Pentagon. It is one of the largest defense contractors in America… while its founder spent the first five months of this administration running DOGE—the office tasked with cutting government waste. DOGE canceled over 10,000 federal contracts during Musk’s tenure. None belonged to SpaceX. Or Tesla. Or xAI.

And during that tenure, the Department of Justice quietly dropped multiple investigations into both SpaceX and Tesla. The man who was supposed to audit the machine… is cashing in the biggest check the machine has ever written.

In January, Defense Secretary Pete Hegseth announced that Musk’s AI system Grok would be integrated into the Pentagon’s network—with access to both classified and unclassified data. SpaceX builds the rockets. Starlink runs the satellites. Grok reads the intelligence. And next Thursday… all of it goes public at two trillion dollars.

They rely on the shadows.
It’s time to turn on the lights.

P.S. Reply with one word: the government agency, corporation, or institution you trust the least.