Trump Considering Strikes on Iran to Reignite Protests

Iranian Army Commandos Seize Oil Tanker Over Export Disruption Claims The semi-official Tasnim news agency reported that Iran has seized an oil tanker, accusing it of "attempting to disrupt oil exports and the interests of the Iranian nation." Tasnim did not elaborate on the seizure, but Iran's official state news agency, the Islamic Republic News Agency (IRNA), stated that the Iranian military directed the tanker to Iran's southern coast. The report noted that the tanker was carrying Iranian crude oil. "Army commandos seized this violating oil tanker carrying a cargo of...

US Home Prices Drop For 3rd Straight Month Home prices in America's top 20 cities were expected to fall MoM for the 3rd straight month in April (the latest reported data from S&P Cotality Case-Shiller) and they did... but only marginally. Prices fell 0.04% MoM in April (less than the 0.10% decline expected), but the annual change rose modestly from +0.88% YoY to +1.14% YoY... Source: Bloomberg "Monthly price movements show seasonal strength masking underlying softness," said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. The...