Cartel Problem Is 'Spilling Over To The United States': Texas Senator

Trump Says 'Iran Asked For Ceasefire', Threatens Blasting Them "Back To The Stone Ages" If Strait Unopened Summary UAE mulls becoming first Gulf country to directly joint US-Israeli war against Iran, lobbies for firm UNSC security resolution. Trump to Reuters: will be "out of Iran pretty quickly" and could return for "spot hits" if needed. Also says he's open to exiting 'paper tiger' NATO after Iran war is over, angry over lack of help in Hormuz crisis. Oil tanker leased to QatarEnergy was struck by an Iranian cruise missile in Qatari waters Wednesday. IRGC has...

Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention At the end of July, the only question following Japan's record $90 billion yen intervention (which worked for about two weeks before the effects faded and Bessent had to engage in more market intervention), was whether and how much Treasuries Japan had sold as part of the intervention.  The BOJ spent a record $90BN to briefly push the yen higher. Another catastrophic intervention by the central bank which is 100bps behind in rate hikes (chart Goldman) pic.twitter.com/xOGszXSgF7 — zerohedge (@zerohedge) July...

Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction US equity futures are lower, extending Wednesday's decline, with the S&P sliding further from Tuesday's record high as oil spikes on reports that Trump may order fresh strikes on Iran before the midterms, a tanker was hit off Qatar in the first strike deep inside the Persian Gulf in about a month, and an approaching storm has shut some US output; as a result the global bond rout picks up where it left off...