Taiwan Semiconductor Manufacturing (TSM +0.23%) has been making huge investments to diversify its production base away from its home island of Taiwan. During its Q2 announcements, Taiwan declared it would invest another $100 billion in its Arizona production facilities, bringing its total to $265 billion.
Taiwan Semiconductor Manufacturing (TSM +0.23%) has been making huge investments to diversify its production base away from its home island of Taiwan. During its Q2 announcements, Taiwan declared it would invest another $100 billion in its Arizona production facilities, bringing …
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Mohammad Meshkinfam, the CEO of the National Iranian Oil Engineering and Construction Company, stated that Iran’s oil storage facilities are 80% restored. He added that petroleum product pumping facilities are approximately 60% complete and that fuel supplies to Tehran were restored within two weeks of attacks on the Rey oil depot.
The United Kingdom Maritime Trade Operations Coordination Center reported two incidents involving tankers in the Strait of Hormuz. The first incident, which the center marked as "suspicious activity," occurred eight nautical miles northwest of the city of Khasab in Oman.
Israel stated that it has not yet completed its mission in Iran. Separately, Tehran vowed to thwart any plan to economically besiege it.
The incidents occurred as the tankers had disabled their navigation and identification systems, as well as due to the actions of the US military, according to the public relations department of the Navy of the Islamic Revolutionary Guard Corps report