Sponsored by Ground News: Compare news coverage. Spot media bias. Avoid algorithms. Try Ground News today and get 40% off your subscription by going to https://ground.news/perun

From the Strait of Hormuz to the Sea of Azov, 2026 hasn't been a great year for shipping.

Let's talk about how it's getting worse.

Patreon:

https://www.patreon.com/PerunAU

Reading and Sourcing (to be added)

I lost the source list for this episode and am in the process of reconstructing it.

Caveats & Comments:

All normal caveats and comments apply. In particular – I would like to note as always that this material has been created for entertainment purposes and is not intended to be a complete or comprehensive examination of the topic in question and should not be relied upon to inform financial or any other decision, evaluation, or similar.

Any content relating to the conduct, views, activities or any aspect of any person or character in this video is included for entertainment purposes and does not represent an assertion of fact on those matters or any matters in relation to that person or character.

Care has been taken in compiling data, quotes, and other inputs from various sources but errors can occur. Quotes and included data should be considered illustrative, not definitive and their veracity should not be relied on.

Timestamps:

00:00:00 — Intro

00:00:47 — What Am I Talking About?

00:03:07 — the Black Sea & Crimean Campaign

00:06:23 — the Azov Escalation

00:16:57 — Counting the Impact

00:21:10 — the Russian Response

00:28:07 — What Next: Russia

00:38:15 — What Next: Ukraine

00:45:19 — the Anti-shipping Threat

00:55:44 — Channel Update