PODCAST: DHP Villains: Woodrow Wilson, Part 10

The US military on Tuesday again bombed Iran’s Kharg Island, which is located deep inside the Persian Gulf and is a potential target for US ground operations if the US continues to escalate the war. According to US officials speaking to media outlets, the US strikes targeted military sites on the island, which is a […]

Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...

Oil & Stocks Mixed To Start Week As War Escalates & Gamma Unclenches Update (1845ET): After an initial kneejerk higher in oil and lower in stocks, things have settled a little with both hovering around unch... Brent is sliding a little from Friday's highs... Equity futs are back around unch... There's a long way til dawn... *  *  * Following a weekend where geopolitical headlines swung from "winding down" (Friday after the close) to threats, deadlines, and "obliteration" tit-for-tat talk suggesting no end in sight, it is perhaps no surprise that oil prices are up...