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Rising Tensions Leave Ships Stranded in Key Oil Passage

Traffic through the Strait of Hormuz ⁠was closed for a fourth day on Tuesday, choking off a key artery accounting for about 20% of global oil and gas supply. Greece’s Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, has raised urgent concerns over an increasingly alarming situation in the Strait of Hormuz, where dozens of vessels remain stranded amid escalating conflict involving Iran. He emphasized the need to safeguard global shipping and protect seafarers as the strategic waterway—responsible for roughly 20% of global oil and gas flows—remains closed for a fourth consecutive day.  The closure has disrupted international trade routes and heightened anxiety across the maritime sector. Greek authorities have urged shipowners to exercise maximum caution and avoid high‑risk zones in the wider Persian Gulf region as tensions continue to rise. The prolonged shutdown underscores the vulnerability of global supply chains to geopolitical instability and highlights th...
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Larry Summers Retreats from Public Life Amid Epstein Email Fallout

 

  Larry Summers, professor at Harvard University, during an interview in New York, on Sept. 17, 2025.


Larry Summers, former U.S. Treasury Secretary and ex-president of Harvard University, announced he will step back from public engagements following the release of thousands of emails linking him to convicted sex offender Jeffrey Epstein. Summers described himself as “deeply ashamed” of his actions, acknowledging the pain caused by his continued communication with Epstein long after the financier’s 2008 conviction.

The House Oversight Committee recently published more than 20,000 documents from Epstein’s estate, including extensive correspondence between Summers and Epstein. The emails revealed that their relationship persisted until at least 2019, just before Epstein’s arrest on sex trafficking charges. In some exchanges, Epstein attempted to connect Summers with influential global figures, while Summers sought advice on personal matters.

Summers issued a statement saying he will continue teaching at Harvard but will pause all public commitments as part of an effort to “rebuild trust and repair relationships with the people closest to me.” His decision comes amid mounting calls from lawmakers and activists for institutions to sever ties with him. Senator Elizabeth Warren has publicly urged Harvard and other organizations to reconsider their association with Summers.

The revelations have intensified scrutiny of Epstein’s extensive network of powerful acquaintances, reigniting debates about accountability and transparency in elite institutions. Summers’ retreat underscores how the fallout from Epstein’s crimes continues to reverberate years after his death, ensnaring figures who maintained ties with him despite his criminal record.

In summary: Summers’ admission of shame and his withdrawal from public life highlight the enduring impact of Epstein’s legacy and the reputational risks for those who remained connected to him.

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