Stocks Jump, Oil Tumbles After IEA Calls Extraordinary Meeting To Decide On SPR Release

Futures Drop As Oil, Yields Rise On Relentless War Headline Ping-Pong Futures are lower but well off session lows, as overnight headlines induced another bout of aggressive choppiness: those headlines include strikes on Iranian gas facilities, Saudi and UAE considering entering the war, Iranian lawmaker ruling out US negotiations, and then reports of Iran / Egypt discussions on the region pointing toward mediation.As of 8:00am ET, S&P futures were down 0.2%, but moves are staggered jittery and extremely illiquid, and swung earlier between gains and losses. Nasdaq futures are down...

Trump Renews Call For Israel To Pardon Teflon Bibi, The "Wartime Prime Minister" President Trump has renewed US pressure on some Israeli government decision-makers to grant a pardon to Prime Minister Benjamin Netanyahu as he's still battling multiple corruption charges, at a moment he has ordered the armed forces to be engaged in several fronts, including in Lebanon.  Trump told the Israeli outlet Kan News on Sunday, "Tell your president to pardon Bibi. He's a wartime prime minister. They wouldn’t have Israel if it wasn’t for me and Bibi in that order....