As Israel Escalates Lebanon Strikes, No Assurances Lebanon Won’t Get Dragged Into Iran War

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,...

Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosions were also reported in Saudi Arabia, and air sirens were set off in the UAE. US Centcom said that the Iranian drone attacks were...

The US Army has awarded Lockheed Martin a contract worth up to $58.6 billion to ramp up production of Patriot PAC-3 interceptors, as US forces have used an enormous number of them in the war with Iran. According to The Hill, the deal converts a previous one-year contract worth $4.7 billion to a multi-year deal […]