Raymond Liu

speaker

1,052 appearances 6 recordings 1 series first heard Jun 2026 last heard 20 Aug

Raymond Liu’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 6 in all, peaking in Jul 2026 with 3.

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Morning Brew Daily · Oil Prices Keep Climbing & ‘Moana’ Flops at the Box Office · 14 Jul 2026 podcast

If you remember, Iran attempted to enforce its own transit tolls, charging $2 million for a single vessel.

Now at 20%, $32 million poses a massive logistical hurdle for a fleet operator.

Also, these shipping contracts are negotiated months in advance.

So to make an announcement just like this overnight, it's causing a lot of chaos.

So with this blockade, it's just leaving many to kind of scratch their heads.

Well, the shipping industry sources say that ships are increasingly switching off their public AIS tracking transponders, essentially traveling through the Strait in the dark.

According to Bloomberg, all of the six commodity carriers that passed through the Hormuz on Sunday did so with their transponders turned off.

It's kind of turned this thing called dark crossings, because remember, there's two sides of the strait.

There's the northern side controlled by Iran, and then there's the southern side controlled by Oman.

The southern route, even though it is protected by the U.S., it is open to Iranian attacks.

But the northern route is subject to Iranian fees and potentially U.S.

penalties for not using the southern route.

So it kind of puts these carrier ships in quite a dilemma.

This conflict has forced these ships to travel through the strait secretly, but the big question here is if shipping containers get used to relying on dark crossings as their new normal response to political conflicts and illegal tolls, how will international law protect or regulate that global supply chain if it's intentionally hiding itself from the world when it's crossing secretly through the strait?

Well, you might be thinking if the Justice Department has already given it a green light and Paramount has already got approvals from 20 countries, including massive markets like China and Australia, how does a band of these 12 states expect to win a case like this?

Well, it's actually rooted in a dual sovereign nature of U.S.

antitrust law, if I may put my quick legal scholar hat on for a second.

State attorneys general have independent authority to enforce antitrust laws, meaning they can enforce both

state and federal laws on behalf of their citizens.

This stems from the fact that states passed their own antitrust laws before the Federal Sherman Act of 1890.

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