Iran’s Control of Strait of Hormuz Means It’s Exporting More Oil Than Before the War

Madison Air Pulls Off Biggest U.S. Industrial IPO Since 1999 As Data Center Cooling Theme Heats Up Madison Air Solutions surged 18% in its IPO on Thursday after raising $2.23 billion, pulling off the largest U.S. industrial IPO in nearly three decades. Shares closed at $31.75, signaling strong investor appetite for an industrial name tied to the AI infrastructure buildout. The Chicago-based company designs and manufactures ventilation, filtration, and cooling systems for data centers, semiconductor manufacturing facilities, life sciences buildings, and commercial buildings. Most importantly, investors care about MAIR because it...

With the “ceasefire” in Lebanon that Israel continues to violate, having been extended another 45 days last week, Israeli commanders are finding themselves increasingly unclear about why exactly they’re still in Lebanon, whether the ceasefire is meant to be complied with or designed to fail, and indeed what purpose the further presence is meant to […]

The $300 Billion Wager: Inside The Private Fund At The Center Of The U.S.-Iran Framework A proposed $300 billion investment fund has emerged as one of the most consequential-and politically explosive-features of the U.S.-Iran framework agreement, turning what began as a war-ending diplomatic effort into a test of whether private capital can be used as a substitute for reparations, sanctions relief and state-to-state reconstruction aid. This, of course, is the part where we 'give' Iran $300 billion - though what it actually is and does hasn't been disclosed until now. This isn't unfrozen Iranian...