Iran Denies Talks Taking Place As Drone Smashes Into Landmark Baghdad Hotel Hosting EU, Saudi Diplomats

IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two Update (1514ET):  For a second straight day, G-7 leaders attempted to push crude prices lower with headlines about an "emergency meeting" to discuss a possible Strategic Petroleum Reserve (SPR) release aimed at containing Brent and WTI crude prices. However, by late afternoon in New York, the Financial Times reported that the International Energy Agency (IEA) had concluded the meeting without reaching a decision on a coordinated release of crude stockpiles. Today's slide in Brent and WTI was...

Three Key Constraints That Could Derail The Data Center Buildout Story The data center investment macro story centers on hyperscalers such as Microsoft, Alphabet, Meta, and Amazon Web Services, whose massive cloud computing services are becoming the backbone for AI workloads, including ChatGPT and others. However, as we've previously noted, the data center buildout has run into supply-chain snarls, including memory chip shortages, power-grid constraints, and even a shortage of turbine blades for natural-gas generators. The data center boom powering the AI revolution is certaintly impressive to watch unfold, but it...

Debate: What Should Trump Do Now In Iran? Tonight at 7pm ET on the ZH homepage, we host a debate on the ongoing war with Iran. Joining the discussion: Curt Mills, executive director of The American Conservative, the magazine founded by Pat Buchanan and a prominent voice for the original America First right.   Max Abrahms, Northeastern University professor and widely cited scholar on terrorism and international security. Moderating the discussion is Bret Weinstein, evolutionary biologist and Dark Horse host. Mills follows in Buchanan’s footsteps, who was early to sound the alarm about the United States...