bet

In the summer of 2025, Walt Disney Co. executives placed a big bet on a reality TV star prone to high drama: messy personal relationships and allegations of domestic violence.

Now, Disney’s ABC network could lose at least $70 million with a nearly finished season of “The Bachelorette” sitting on the shelf.

Last week, ABC yanked this season of “The Bachelorette,” which features 31-year-old Taylor Frankie Paul, just three days before the premiere episode was set to air Sunday night. Disney pulled the plug after the emergence of a three-year-old video that showed Paul — the protagonist of Hulu’s massive hit series, “The Secret Lives of Mormon Wives” — physically attacking her ex-partner.

Paul can be seen screaming and throwing metal chairs, one of which apparently struck one of her children who witnessed the altercation. Her onetime partner, Dakota Mortensen, recorded the video of the attack on his cellphone.

Trouble has been brewing around “The Bachelorette” for weeks as Paul was doing publicity for the show.

Draper City, Utah, police have separately confirmed an investigation into a subsequent domestic violence incident in February between Mortensen and Paul. As part of that inquiry, Paul, 31, has temporarily lost custody of the couple’s son, Ever, who turned 2 last week — the day the troubling video came out.

“Taylor is very grateful for ABC’s support as she prioritizes her family’s safety and security. After years of silently suffering extensive mental and physical abuse as well as threats of retaliation, Taylor is finally gaining the strength to face her accuser and taking steps to ensure that she and her children are protected from any further harm,” said a spokesperson.

Representatives of Mortensen could not immediately be reached for comment. In a statement to People magazine, a representative for Mortensen said that “his number one priority here is protecting” his son, Ever.

Last month, Disney requested an investigation to sort out Paul’s and Mortensen’s differing accounts of the February incident, according to people close to the situation who were not authorized to speak publicly about the sensitive situation.

The scandal has become the first big test for Dana Walden, who last week was installed as Disney’s president and chief creative officer — the day before the video showing a violent Paul was leaked to TMZ.

The episode has raised uncomfortable questions about why Disney made Paul the face of one of ABC’s marquee franchises.

It also has shined a light on the decision-making of Walden’s newly anointed ABC team: Debra OConnell, the chair of Disney Entertainment Television; Disney Television Group President Craig Erwich; and Rob Mills, Disney TV’s executive vice president of unscripted and alternative entertainment.

Disney declined to comment.

The network has not said whether it plans to eventually air Paul’s season of “The Bachelorette.”

But the network made a huge investment, paying a license fee of about $5 million an episode for the season to Warner Bros., said sources familiar with the matter. The season includes nine episodes and other programming elements, including a special that ran immediately after ABC’s Oscar telecast this month, which attracted 5.5 million viewers, according to Nielsen.

Dakota Mortensen, left, and Taylor Frankie Paul are stars of “The Secret Lives of Mormon Wives.”

(Fred Hayes / Disney)

ABC also orchestrated a huge marketing blitz — billboards for the show had sprouted around the country, social media channels were crackling and Paul appeared on ABC’s stalwart “Good Morning America,” where she discussed her role on “The Bachelorette,” where she dated nearly two dozen men in search of her soulmate.

She also acknowledged simultaneously facing domestic abuse allegations, which she called a “heavy time.”

“For me, dating as a mom of three is extremely difficult,” Paul told ABC anchor Lara Spencer. “I was like, I get to go out, get away from my toxic cycle here in Utah, go date, and also have my kids come out and visit me. That to me seemed like, why not?”

Advertisers, including Cinnabon, have also pulled back in light of the controversy.

Viewers have long been fascinated by Paul, who earned notoriety on TikTok and formed a community there called MomTok. Her combative relationships added to the intrigue.

Hulu’s “The Secret Lives of Mormon Wives” has been a massive hit, developing a loyal following and an alternative to the “Real Housewives” franchise on the rival network, Bravo. A clip from the show was included in a Disney video montage of movies, TV shows and other headlining attractions shown to investors last week.

Mills and other Disney executives who oversee ABC and Hulu programming had been looking for ways to reinvigorate “The Bachelor” franchise, and they had taken notice after fans latched on to a playful video that Paul had posted on TikTok, expressing her desire to join the long-running ABC show, which is produced by Warner Horizon.

Comments posted about Paul’s video were intriguing, particularly for viewers who said that they would return to watch “The Bachelorette,” if it featured her.

“I flew out to Utah and met with her and she was serious [about joining],” Mills told The Times two weeks before the controversy. “Then I sent her roses the next day and said, “Would you be ‘The Bachelorette’ and the rest is history.”

Disney recognized that Paul’s relationship with Mortensen was messy.

Disney executives were aware of the altercation in 2023 and briefly debated internally whether to move forward with Paul in a prominent role in “Mormon Wives,” according to a source close to the situation but not authorized to comment. Paul is an executive producer on that show.

The first episode of the first season of “Mormon Wives,” which debuted in September 2024, featured Utah police bodycam footage from the February 2023 fight that was the subject of the just-released video.

The final moments of the most recent season ended with Paul and Mortensen sleeping together again, the night before she was scheduled to fly to L.A. to begin filming “The Bachelorette.” She missed her initial flight, but took a later flight.

Disney also has paused filming on “Mormon Wives” during production of its fifth season.

Over the show’s four-season run, there have been tensions among the castmates, which accelerated as Paul and the other wives pursued fame in other venues, including on ABC’s “Dancing with the Stars.”

When the recent allegations of domestic violence surfaced, castmates expressed concerns about working with her, which contributed to the decision to hire an outside law firm to investigate.

The firm was hired, at Disney’s request, by the show’s production firm, Jeff Jenkins Productions, based in Sherman Oaks.

Times Staff Writer Yvonne Villarreal contributed to this report.

March 16 (Asia Today) — A bold bet by a South Korean shipping heir on ultra-large oil tankers is paying off handsomely as the war involving Iran disrupts global energy markets and drives tanker demand sharply higher.

Bloomberg reported that Sinokor Merchant Marine, a major South Korean shipping company, positioned itself to profit from the crisis after securing a large fleet of very large crude carriers (VLCCs) months before the conflict escalated.

The strategy was led by Jeong Ga-hyun, a director at Sinokor Petrochemical and the son of Sinokor Chairman Jeong Tae-soon, according to the report.

Bloomberg described the move as an unprecedented large-scale bet in the global tanker market, executed well before the outbreak of the Iran conflict.

Tankers deployed to Gulf before war

On Jan. 29, weeks before the war erupted in late February, Sinokor reportedly deployed at least six empty VLCCs to the Persian Gulf, positioning them to wait for cargo.

After disruptions in the Strait of Hormuz pushed tanker demand and charter rates sharply higher, the strategy began generating massive returns.

The Strait of Hormuz is one of the world’s most critical energy chokepoints, handling roughly 20% of global oil shipments.

Tanker rates surge to $500,000 a day

With oil exports disrupted and storage facilities across the Middle East filling rapidly, oil producers have increasingly turned to tankers as floating storage units.

According to Bloomberg, Sinokor is now chartering vessels for about $500,000 per day, roughly ten times last year’s average tanker rates.

Industry estimates suggest that by late February the company controlled around 150 VLCCs, representing roughly 40% of available tankers not already tied up in sanctions or long-term contracts.

Quiet heir behind massive shipping strategy

Jeong is known in the shipping industry as the low-profile heir to one of South Korea’s major maritime families.

Bloomberg reported that he rarely appears publicly and is known internally for a military-style management approach. Industry anecdotes even describe him challenging employees and business partners to arm-wrestling contests.

Oil supply disruptions reshape tanker market

The Iran war has dramatically altered global oil transportation patterns, forcing ships to reroute and increasing the need for offshore storage.

Under those conditions, Sinokor’s aggressive tanker acquisition strategy is now being viewed as one of the biggest winners of the crisis, Bloomberg said.

WSJ: Sinokor among winners of Hormuz crisis

The Wall Street Journal earlier identified Sinokor as one of the companies benefiting from the Strait of Hormuz tensions.

According to the newspaper, the company purchased dozens of oil tankers and deployed some of them to the Gulf region even before the conflict intensified.

Sources told the Journal that Sinokor is leasing several vessels to ADNOC, the United Arab Emirates’ state-owned oil company, to be used as floating storage facilities.

These vessels can earn up to $500,000 per day in charter fees, the report said.

As land-based storage in Gulf oil-producing countries approaches capacity, producers have increasingly stored crude at sea. Drilling firms in Iraq and Kuwait have even slowed production due to storage shortages.

The WSJ also noted that Greek shipping magnate George Prokopiou adopted a similar strategy, sending at least five tankers to the Strait of Hormuz through his company Dynacom, which is reportedly earning up to $440,000 per day – about four times pre-war rates.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260316010004394

Investors placed strong bets on Tuesday that Donald Trump could bring the war in Iran to a rapid conclusion, even as both sides escalated threats. The Islamic Revolutionary Guards Corps of Iran declared that no oil would leave the Middle East until U.S. and Israeli attacks cease, prompting Trump to threaten that any attempt to block tanker traffic would be met with strikes “twenty times harder.”

Despite the rhetoric, markets quickly reversed the historic surge in crude prices seen on Monday. Brent crude briefly surged to nearly $120 a barrel, a level not seen since mid‑2022, but fell back to around $92 by Tuesday morning. Futures volumes were low, reflecting both caution and the fact that traders were recalibrating risk based on Trump’s comments that the U.S. was “very far ahead” of his initial four- to five-week timeframe for the conflict. Asian and European share prices staged a recovery from earlier steep falls, signaling that markets were treating Trump’s statements as a de-escalation signal, even if the on-the-ground situation remained dire.

Analysts noted that while the market’s reaction reflects optimism about a short conflict, underlying risks remain. Suvro Sarkar of DBS Bank observed that benchmark Middle Eastern grades like Murban and Dubai crude remain above $100 per barrel, meaning the fundamental pressures on supply have not dissipated.

On the Ground: Intensified Conflict

Meanwhile, the human and strategic realities on the ground remain stark. Tehran residents described the heaviest bombardment of the conflict yet, with strikes across the city leaving civilians fearful and homes damaged. One resident said, “It was like hell. They were bombing everywhere, every part of Tehran… my children are afraid to sleep now. We have nowhere to go.”

Israel is simultaneously operating under the assumption that Trump could end the war at any moment, sources familiar with its military plans told Reuters. This has encouraged Israeli forces to maximize damage on Iranian targets before any potential ceasefire, highlighting the tension between the short-term operational calculus and long-term strategic objectives.

Iran’s appointment of hardliner Mojtaba Khamenei as Supreme Leader signals defiance against U.S. pressure to influence Iranian leadership, underscoring Tehran’s unwillingness to yield to external demands despite the military pressure.

Strategic Implications: Oil, Leadership, and Geopolitics

The war has effectively halted shipments through the Strait of Hormuz policy measures such as easing sanctions on Russia and releasing strategic oil reserves, are interpreted by markets as mitigating factors that could prevent a prolonged energy crisis.

However, the underlying political and military dynamics suggest that a rapid resolution may not meet all stated U.S. objectives. Ending the conflict quickly to restore oil flows would likely leave Iran’s leadership intact, which contrasts with Trump’s previous maximalist demands for influence over Iran’s succession. Israel’s objectives diverge further, as it continues to seek regime change and to weaken Tehran’s ability to strike beyond its borders, while U.S. officials emphasize missile and nuclear containment.

Human and Regional Costs

The war has already inflicted significant human costs. Iran’s U.N. ambassador reported at least 1,332 civilian deaths and thousands wounded since the airstrikes began. Iranian missile and drone strikes targeting Gulf states have damaged infrastructure, closed airports, and disrupted hotels, while retaliatory Israeli strikes in Lebanon have killed scores amid ongoing efforts to neutralize Hezbollah.

Domestically, Iran has suppressed dissent and anti-government protests following the death of Ali Khamenei, further complicating the social dynamics that external military action interacts with. Large-scale rallies in support of Mojtaba Khamenei demonstrate public mobilization in favor of the hardline leadership, which may limit the U.S. and Israel’s capacity to influence internal political outcomes even after the war concludes.

Analysis: Financial, Strategic, and Geopolitical Interplay

Markets are betting on a short conflict because of political signaling, but the broader picture is far more complex. Oil prices remain sensitive to supply disruptions, and the potential for renewed escalations persists. The market response highlights how sentiment can temporarily override fundamental risks, yet volatility is likely to continue as long as strategic objectives, military operations, and leadership decisions remain unresolved.

From a geopolitical perspective, the conflict illustrates the tension between military objectives and economic consequences. A rapid end to the war would stabilize energy markets and global growth expectations but may leave U.S. and Israeli goals partially unmet. Conversely, prolonging the conflict to pursue maximalist aims risks a sustained oil shock, regional instability, and wider economic fallout, echoing lessons from past Middle East crises in the 1970s.

Analysts emphasize that energy markets, geopolitical strategy, and human costs are tightly intertwined: traders respond quickly to political statements, but the underlying realities strikes, leadership decisions, and supply chain vulnerabilities ensure that uncertainty will remain high. The delicate balance between military pressure, diplomacy, and market psychology will determine whether the Iran conflict resolves quickly or evolves into a more protracted crisis.

With information from Reuters.