Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships

US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows With Case-Shiller reporting existing home price declines in half of America's largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May's ugly declines... and they did, but only very modestly. New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May's 7.3% MoM decline was revised up to a mere 4.3% MoM decline. However, this bounce was not enough to get annual...

ADNOC Reports 15 Vessel Attacks As Hormuz Risks Mount Submitted by Julianne Geiger of OilPrice.com Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as the company tries to keep crude, gas and refined products moving through the Strait of Hormuz. Fifteen ADNOC vessels have been hit by missiles or drones since the war began, including three this week, the company said Friday. One crew member has been killed and 20 others injured. The Strait of Hormuz carried roughly one-fifth of global oil...

Starmer Vows UK Won't Be Drawn Into Wider War In Middle East, Hormuz Crisis 'Not A Simple Task' British Prime Minister Keir Starmer spoke to President Trump on Sunday night, with Starmer on Monday describing that the two leaders discussed events "in the way that you would expect between two allies and two leaders" and he had a "good relationship" with the US president. His articulation of an apparently positive and frank talk comes while he trying to dismiss suggestions the relationship with Britain's key ally had been damaged due to...