DYS-Functional Exercise

Iran Signals Ready To Deescalate After Defense Minister, IRGC Chief Killed In US-Israeli Strikes Update (10:00ET): Will the chaos be contained, after Iran unleashed retaliatory missiles on at least five regional countries, including Israel? Iran is quickly signaling that it's not willing to escalate this further, hoping for a halt in the US-Israeli operation: Iran is attacking U.S. military facilities in the Middle East region and not "Americans in their land," Iranian Foreign Minister Abbas Araghchi said in his exclusive interview with NBC News. He added that Tehran was interested in de-escalation and ready...

Supertanker Rates Hit Six-Year High: Here's What Driving It Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability. Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again come into focus as the world's most important energy chokepoint, where any flare-up in a US-Iran...