The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100 Futures and bonds jump and oil fell, sending Brent briefly below $100 a barrel, as the de-escalation/technical/macro led relief rally continues on hopes of the Middle East conflict reaching an end soon  after Donald Trump said he expects the war in Iran to end in two to three weeks, and indicated that it was possible that Iran could still reach a deal with the US during that timeframe. Trump has a national address tonight at 9pm ET to...

"Risk Of Attack Is Too High": US Navy Refuses To Provide Escorts To Ships Transiting Hormuz Strait One week after Trump announced that the US would cover insurance for ships transiting the Strait of Hormuz, and would provide them with US navy escorts, Reuters reports that the US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since ​the start of the war on Iran, saying the risk of attacks is too high for now. The U.S. Navy has held regular ⁠briefings with...

Oil Plunges As Iran 'Completely Opens' Hormuz, US Reportedly 'Mulls' $20BN Cash-For-Nukes Deal, Summary Iran's Aragchi says "Strait of Hormuz is declared completely open" US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape Peace talks reportedly on Sunday in Islamabad Iran Opens Hormuz In a rather shocking turn of events, Iran's Foreign Minister Seyed Abbas Aragchi posted on X that the Strait of Hormuz is open: "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,...