Saudi Aramco warns of ‘catastrophic’ consequences from Iran war

US President Donald Trump is reportedly ready to give up on the Persian Gulf passage: Trump Tells Aides He’s Willing to End War Without Reopening Hormuz (archived) – WSJ In recent days, Trump and his aides assessed that a mission to pry open the chokepoint would push the conflict beyond his timeline of four to six weeks. […]

Israel Seeks 'Compensation' From Washington Over Saudi F-35 Sale Via The Cradle, Israel is expected to seek "compensation" from the US in the form of weapons systems that Washington has so far declined to sell to Tel Aviv, in response to US plans to sell F-35 fighter jets to Saudi Arabia in a $25 billion deal, Walla reported on 18 September. (Photo credit: U.S. Air Force photo by Staff Sgt. Jerreht Harris) A source familiar with the matter told the Hebrew news outlet that the Israeli military would prefer that no other country...

Futures Rise, Oil Drops As Market Prices In Iran Deal For Yet Another Day Futures rebounded from the post-FOMC selloff, and oil prices fell as Trump signed the Iran MOU two days early to end the war in the Middle East (in the symbolic Palace of Versailles of all place) and some energy shipments began to transit the Strait of Hormuz. As usual, tech led the parade higher. As of 8:00am ET, S&P futures were up 0.6%, but off overnight session highs, partly unwinding a more than 1% decline after Kevin Warsh signaled the...