Witkoff Says Trump Is ‘Curious’ Why Iran Hasn’t ‘Capitulated’

Brent Nears Iran War Highs After Trump Orders "Extended Blockade", Threatens "No More Mr. Nice Guy" Summary Trump warns Iran to "get their act together" and to "get smart" - and for the second time writes "no more Mr. Nice Guy". Brent Crude nears Iran war high of $115 per barrel & highest since June 2022. Trump in 4am Truth Social post: "Iran can't get their act together. They don't know how to sign a nonnuclear deal. They better get smart soon!" Fresh White House statement indicates communication still open with Tehran, but still says "Iran...

The Persian Gulf is the most consequential body of water in the global economy. Its narrow exit — the Strait of Hormuz, just 33 kilometres wide at its narrowest point — acts as a valve through which flows an extraordinary share of the world’s energy and agricultural inputs. A sustained closure of that valve by […]

"Low Hire, No Fire": Jobless Claims Unexpectedly Plunge To Record Low We have gone from a "low hire, low fire" economy to "AI chatbot hire, no fire." We joke, but really there is no other way to explain what is going on here: this morning the Dept of Labor reported that in the week ended April 25, jobless claims fell 26k to 189k (from an upward revised 215k), compared with median est. 212k. And... are you sitting down... this was the lowest weekly jobless print on record. With the est. range at 205k-228k, today's...