Is Another Stone Age in the Making?

A 'War Of The Oil Refineries' Opens As Israel Bombs Key Tehran Sites, After Which Haifa Refinery Targeted Update(1425): Is a tit-for-tat oil depot war opening? This could be the next phase of escalation, already in progress. Iran's Islamic Revolutionary Guard Corps (IRGC) says it has struck Israel's Haifa refinery, framing the attack as direct retaliation for fresh Israeli strikes on energy infrastructure inside Iran. The war of the oil refineries: Iran says it targeted tonight a refinery in Israel after an attack on its own refinery in Tehran. The regional energy infrastructure is getting...

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran's military closed the strait again, citing Israel's massive attacks on Lebanon. The Associated Press has emphasized Thursday, "Iran's approval system for ships granted safe passage - after vetting by the Islamic Revolutionary Guards Corps - remains unchanged despite US...

Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP. *  *  * A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th). Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...