Norway, a country with just over 5 million people, manages the world’s largest sovereign wealth fund — worth nearly $2 trillion. This translates to around $340,000 for every citizen, making it one of the richest countries per capita.

The fund was built from oil revenues, but instead of spending it all, Norway invested globally in stocks, bonds, and green energy projects. It serves as a safety net for future generations, ensuring the country’s wealth continues long after oil production declines.

Norway’s model is admired worldwide as an example of smart resource management. It shows how natural resources can be transformed into long-term prosperity when governments prioritize sustainability and financial discipline.

✨🇨🇳 Official data reports that 12% of China's vehicles are now EVs, with fuel sales plunging 5.7% in 2025.

China is rapidly reducing dependence on oil

$LMT $BA $LHX $NOC $RTX | EU’s Kaja Kallas to sign a Security & Defence Partnership with Australia this week, with Iceland and Ghana to follow.

These pacts target Indo Pacific maritime safety, Arctic infrastructure, and counter terrorism to bolster EU global outreach.

$ZENA $RCAT $KTOS $AVAV $SPAI | EU’s Kallas launches "matchmaker" initiative to pair Ukraine’s drone interceptor tech with Middle East defense needs.

As "the same drones hit Kyiv and Dubai," the EU moves to scale low cost defenses to secure global trade and energy routes.

🇺🇸 U.S Crypto Czar David Sacks on the #CLARITY Act:

"After the market structure bill passes, the banks are going to get FULLY into crypto."

Its not an IF, but a WHEN.. ⏰️

EVs are only ~5% of the global car fleet. Yet already displacing ~1.5 million barrels of oil per day — the early stage of structural demand erosion.

Disruption doesn’t start when something is big, but when the curve begins to bend. The #Bettrification S-curve crossed that point.

A closure of the Strait of Hormuz wouldn’t just threaten oil and gas.

It could also disrupt copper, uranium production and other metals

- ~92% of the world’s sulfur is produced as a byproduct of oil and gas refining
- Less oil production -> fewer refinery operations -> less sulfur supply
- Sulfur is then converted into sulfuric acid, which is critical for mining.

And large parts of the mining industry depend on it:

- ~20% of global copper production relies on sulfuric acid leaching
- ~50% of global uranium production uses the same process

So if refinery activity declines and sulfur supply drops, the impact spreads far beyond energy markets.

It hits critical minerals.

In markets that are already in deficit, a sulfur shortage would likely lead to further supply declines and higher prices.

$MP $UUUU $UAMY $USAR $LAC $CRML | Canada’s $2B Sovereign Fund and $1.5B First and Last Mile Fund are mobilizing $18.5B for critical minerals.

Minister Tim Hodgson’s push targets "mine to market" infrastructure to secure the supply chains for defense and AI tech.

$VOYG

Fourth quarter 2025 results will be published after the market closes today.

Voyager Technologies will host its Q4-2025 earnings call Tuesday, March 10, 2026, at 9AM ET.

I think many people still don’t realize that we aren’t just going back to the Moon, we are going back to the Moon with several orders of magnitude more capability.

Starship HLS is going to have 135x the living volume of the Apollo LEM!

SpaceX launched 24 Starlink missions and deployed 649 satellites so far in 2026. 🚀 🛰

This equates to 20.4% of the 3,180 deployed in 2025.

Constellation & Deployment update (as of Mch 8)

• 2026: 649
• 2019-2026: 11,439
• In orbit: 9,956 🔥

The Trump family is moving deeper into the drone industry.

A new drone company Powerus is preparing to go public through a reverse merger with $AGH (Aureus Greenway Holdings).

Key details from the report:

• Eric Trump and Donald Trump Jr. are backing the venture through the family’s investment vehicle American Ventures
• The company is also supported by $UMAC (Unusual Machines), a drone components company where Donald Trump Jr. is a shareholder and advisory board member
• Investment bank $DOMH (Dominari Securities) is helping structure the transaction
• A Korean asset manager has committed $50M to the deal

Powerus was formed only last year but is already pursuing an aggressive roll-up strategy, acquiring multiple drone companies to build scale.

The ambition is significant:

• Production target of 10,000 drones per month
• Focus on aerial and maritime drones
• Systems designed for missions like wildfire suppression and heavy-payload logistics (up to 1,000 lbs)

The opportunity is driven by a structural shift in U.S. defense policy:

• The U.S. has effectively banned new Chinese drone models
• China has dominated the global commercial drone market for more than a decade
• The Pentagon now wants large-scale domestic drone production

Programs such as Drone Dominance ($1.1B initiative) aim to procure hundreds of thousands of U.S.-built drones by 2027.

Powerus leadership says the company is also exploring acquiring or licensing Ukrainian drone technologies, which have proven highly effective in the war in Ukraine.

However, U.S. procurement rules often require American manufacturing, meaning Ukrainian systems may need to be built domestically.

The broader takeaway:

The U.S. drone market is still highly fragmented, with many small companies competing for defense contracts.

But the combination of:

• geopolitical pressure
• Pentagon procurement shifts
• and capital markets access

is creating the conditions for rapid consolidation and scaling.

For investors tracking the defense drone ecosystem:

$AVAV
$KTOS
$RCAT
$ONDS
$UMAC

…and potentially Powerus soon.

The race to build the Western drone industrial base is accelerating.

Here’s what countries EVs are the most popular in

$UMAC/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$AGH/USD H2 #Indicator #Signal #Trading #GlobalOneAI

Iran just created a monarchy to replace the republic that replaced the monarchy.

Mojtaba Khamenei. The son. Named Supreme Leader yesterday while US-Israeli strikes were still hitting Tehran.

The IRGC pressured the Assembly of Experts into this pick under active bombardment.

Day 10 of this war.

Still processing this one.

When Khomeini died in '89, succession took hours. Smooth and orderly. The system worked exactly as designed because nobody was bombing it.

This took eight days. Israel struck the Assembly of Experts building during the selection process.

The assembly had to meet online because gathering in one location was a death sentence.

They delayed the announcement out of fear that Mojtaba would be targeted the second his name went public.

Trump already called him "unacceptable" and said he won't last long without US approval.

Israel's defense minister said any successor is a legitimate assassination target.

So they installed a leader both enemies have publicly said they plan to remove.

IMO the IRGC forced this not as governance but as a loyalty test for whatever comes after the bombs stop falling.

Something I keep coming back to. Iran is Iraq's financial lifeline.

Dollars have been flowing through Iraqi banks to Tehran for years.

CBI compliance training, electronic billing mandates, sanctions pressure on specific Iraqi banks... a significant piece of that was always about choking this corridor shut.

With Iran's command structure gutted, oil facilities burning across Tehran, crude clearing $112... that corridor isn't being slowly reformed anymore.
It's being cut by force.

The banking cleanup everyone in this space tracks week to week? War just accomplished in ten days what compliance pressure alone was going to take years to finish.

Hearing that Iraqi banks with known Iran exposure are already scrambling.

Haven't confirmed specifics but worth watching what CBI announces in the next 30 days.

The whole equation just shifted underneath them.

Day 10 of Operation Epic Fury.

Reporting suggests Iran's navy and air force are functionally gone.

Oil infrastructure across Tehran is burning and crude pushing past $110 with the Strait of Hormuz still contested.

A new supreme leader sitting under the same crosshairs that killed his father ten days ago.

You don't position this level of logistics to make a decision. You position it to manage an outcome already in motion.

The carrier groups and tanker flights across the Gulf... that's the security umbrella for the aftermath. Not the operation itself.

Question I haven't seen anyone in this space ask yet.

When this ends, what does Iraq's eastern border look like?

Every reform CBI has been building toward was built on the assumption of a functioning neighbour to the east.

That assumption just broke.

IQD | Iran | regime change | oil price | Strait of Hormuz