Jai Hamid

Author
Jai Hamid

Jai Hamid

Author

Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.

Author’s Articles

  • Investors rush into Elon Musk-SpaceX’s $25 billion bond sale despite richer-than-normal yields
    Tech
  • Bitcoin crashes back to $62,000 from $65,000 as South Korea’s stock market crash to a halt.

    Bitcoin crashes back to $62,000 from $65,000 as South Korea’s stock market crash to a halt
    News

  • BofA predicts that Warsh-led Federal Reserve will hike rates 3x this year, won’t cut until 2028
    Economy

  • SpaceX has lost $800 billion in market cap, down 29% from its peak
    Business

  • Why are prediction market traders suddenly bearish on Nvidia’s stock?
    Business
  • Why is Google-Alphabet stock crashing today?

    Why is Google-Alphabet stock crashing today?
    Business
  • Strategy boosts dollar reserve to $1.4 billion while adding 520 Bitcoin

    Strategy boosts dollar reserve to $1.4 billion while adding 520 Bitcoin
    Business
  • Tencent puts AI agent inside WeChat, China’s 1.4 billion-user super app

    Tencent puts AI agent inside WeChat, China’s 1.4 billion-user super app
    Tech
  • US Republican lawmakers overtake Democrats in crypto ownership for the first time ever

    US Republican lawmakers overtake Democrats in crypto ownership for the first time ever
    News
  • Iran announces another closure on Strait of Hormuz.

    Iran announces another closure on Strait of Hormuz
    Economy
  • Iran scraps Trump peace talks over Israeli strikes on Lebanon, sending markets lower

    Iran scraps Trump peace talks over Israeli strikes on Lebanon, sending markets lower
    Live Updates
  • Why is SpaceX's stock crashing now?

    Why is SpaceX’s stock crashing now?
    Tech
  • Andrew Tate losses over $95,000 in Bitcoin and Hyperliquid trades after 8 liquidations in 24 hours

    Andrew Tate losses over $95,000 in Bitcoin and Hyperliquid trades after 8 liquidations in 24 hours
    News
  • Strait of Hormuz reopening to dump more than 60 million trapped oil barrels into the market

    Strait of Hormuz reopening to dump more than 60 million trapped oil barrels into the market
    Economy
  • Federal Reserve keeps interest rates unchanged in Kevin Warsh's first meeting

    LIVE: Federal Reserve keeps interest rates unchanged in Kevin Warsh’s first meeting
    Live Updates
  • U.S. takes stake in SandboxAQ with $500 million bet on AI-designed chip materials.

    U.S. takes stake in SandboxAQ with $500 million bet on AI-designed chip materials
    Tech
  • Dollar bulls are back with a vengeance as investors rediscover the America first trade

    Dollar bulls are back with a vengeance as investors rediscover the America first trade
    Economy
  • G7 leaders agree to escalate sanctions on Russia's oil revenues after Trump-Iran ceasefire

    G7 leaders agree to escalate sanctions on Russia’s oil revenues after Trump-Iran ceasefire
    Economy
  • OpenAI’s IPO pitch comes with $34 billion in spending and a $39 billion loss.

    OpenAI’s IPO pitch comes with $34 billion in spending and a $39 billion loss
    Tech
  • Anthropic sends top security experts to Washington to rescue flagship models.

    Anthropic sends top security experts to Washington to rescue flagship models
    Tech
  • Oil prices sank Tuesday while a U.S. military network kept Gulf exports running around the Strait of Hormuz. Brent crude lost 1.25% and traded at $82.13. July West Texas Intermediate dropped 1.41% to $79.67, taking the U.S. benchmark below $80. Prices rose overnight before falling. Monday’s losses had already taken the market to its lowest since March 4. Traders are waiting for the full terms of the U.S.-Iran peace plan. Washington and Tehran reached a deal Sunday that would keep their ceasefire in place for 60 days and allow vessels through the strait. G7 leaders meeting in Évian-les-Bains, France, will discuss the war, while more details from the memorandum are expected later this week. Washington runs a covert tanker system while diplomats prepare the formal deal According to Trump at the G7 conference, the agreement was now signed. Further, Trump stated that the Strait of Hormuz would "completely reopen" by Friday and that the Iranians' payments for passage would be stopped. A signing ceremony will take place Friday in Geneva. Well before this news, the United States had developed an alternative way of transporting the oil by its military. It involves the use of smaller ships to carry the goods via the area, then pumping it out into large ships once outside. Drones, unmanned watercrafts, and helicopters follow the convoy. The transfers began in early May near two coastal points. One sits off Fujairah in the United Arab Emirates. The other is near Sohar in Oman. Eleven sources identified those locations. Shipping records and satellite pictures showed at least 92 vessels taking part. The transfer network had already been running for several weeks before Washington and Tehran announced their provisional truce. Investigators could not establish whether the agreement changed the missions, their routes, or their pace. No public link has been confirmed between the tanker operation and the planned Geneva ceremony so far. Activity continued on June 11. Images from space showed 17 ship pairs transferring cargo at the same time across both areas. Two days earlier, Iran shot down an Apache helicopter tied to the mission. That attack led to U.S. bombing raids. Four sources linked the aircraft to the tanker work, including a former American official briefed on the strike. Satellite pictures from June 9 also showed six tanker pairs packed into waters off Sohar. The arrangement borrows a method Iran has used to bypass sanctions. Tankers carry oil in stages instead of sending one ship through the full trip. That makes the process slower and more dangerous, but it keeps exports leaving the Gulf while normal passage remains restricted. Military crews track darkened tankers before crews pump cargo into VLCCs Eight sources said the American military controls the entire operation. One was a private security contractor who had worked inside the transfer program. Each ship begins by heading for an assembly point before entering the strait. The ships are then allowed to sail in intervals of about 3,000-4,000 meters. Their transponders are switched off. Deck lights are kept low. A chain of checkpoints lets American forces follow every vessel during the crossing. One participant said the military is “obviously watching you all the time.” After passing the strait, the smaller ships travel just outside the sea area claimed by Iran. They then pull beside waiting Very Large Crude Carriers, known as VLCCs. Crews need between 24 and 40 hours to pump the oil across. The emptied tankers head back through the same corridor. The filled VLCCs continue toward buyers abroad. The system works because a small group of shipping operators still accepts the risk of crossing the Iranian blockade. Their vessels bring the cargo to larger carriers positioned beyond the main choke point. Iran also runs a separate traffic network on the other side of the strait. A May 20 investigation found that Tehran uses island inspection points, state-level negotiations and, in some cases, transit charges to guide ships through its side.

    Oil prices tumble as secret ship-to-ship US transfers keep Gulf oil moving
    Economy
  • Crypto traders wanted $1 billion in SpaceX shares. Tokenization could not deliver.

    Crypto traders wanted $1 billion in SpaceX shares. Tokenization could not deliver
    News