South Korea Confirms It Will Build Nuclear Submarines

South Korea Confirms It Will Build Nuclear Submarines

South Korea has just announced one of the most consequential naval decisions of the decade. Seoul will build its own nuclear-powered submarines. The programme, codenamed Jang Bogo N, joins South Korea to a club of just seven nuclear-sub nations — China, France, India,...
Iran Sets Up an Agency to Tax Every Ship Crossing Hormuz

Iran Sets Up an Agency to Tax Every Ship Crossing Hormuz

Iran has quietly created a new government agency for one purpose: to tax every ship that crosses the Strait of Hormuz. Tehran calls them “navigational service fees.” Five Gulf states call them illegal tolls. Either way, the world’s most important...
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