Air Freight Rates To Spike As Iran War Escalates

US Navy Surveillance Plane Made Provocative Flight Over Taiwan Strait, Weeks Before Trump-Xi Summit With the world's attention hyper-focused on fast-paced events in Iran and the effectively shuttered vital oil transit hub, the Hormuz Strait, some significant things were also happening around Taiwan this past week. The US military confirmed that a P-8A Poseidon anti-submarine patrol aircraft transited the Taiwan Strait on Wednesday, a move that predictably drew Beijing's attention. US Navy China said it monitored the US Navy aircraft as it passed through the narrow waterway separating Taiwan from mainland China. "By operating within...

Key Events This Week: CPI, PCE, ADP, Durable Goods And More With the Fed in their self-imposed blackout period, the economic data will get a chance to do the talking ahead of the March 18th FOMC meeting. Of particular note will be the inflation data, namely Wednesday’s CPI report for February and Friday’s core PCE reading for January, but there will also be some scattered labor market data to help put context around last Friday’s disappointing February employment report. Of course, all of that assumes that traders can be dragged...

Oil Declines As Iran Says 'Understanding' Reached In US Nuclear Negotiation The second round of indirect negotiations between the United States and Iran concluded in Geneva, Iran's semi-official Students' News Agency (ISNA) reported Tuesady. Delegations from both sides left the venue following the talks, however, the Iranian side says it's ready to stay in Switzerland for days or even weeks if needed, in order to reach a deal and stave off military attack by Washington. Oil is dumping on the following headline issued an hour after conclusion: IRAN FOREIGN MINISTER SAYS...