The US Must Be Confident It Has A Plan In Place To Lower Oil Prices Once It Strikes Iran

Two Empty Qatari LNG Tankers Head Toward Gulf After Weekend Hormuz Transit Breakthrough Bloomberg ship-tracking specialist Stephen Stapczynski has identified two empty Qatari LNG tankers, Al Gattara and Fraiha, transiting north toward the Gulf area after idling near Mauritius. This movement comes just days after a Qatari LNG carrier successfully transited the Strait of Hormuz, suggesting that Doha may be engaged in backchannel discussions with Tehran about a gradual normalization of LNG flows through the maritime chokepoint. Al Gattara and Fraiha could be returning to Qatar to load LNG cargoes. If confirmed,...

US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why Despite the launch of Operation Epic Fury against Iran in late February, U.S. defense stocks have moved lower rather than higher, prompting a UBS analyst to pen a note to clients this week attempting to answer why the makers of missiles and tanks failed to sustain a wartime rally. Analyst Allyson Gordon asked the question: "Why Is US Defense Performance Lackluster?"  Let's start with iShares U.S. Aerospace & Defense ETF, or ITA, a basket of major U.S. defense firms. ITA caught...