US May Lift Some Oil Sanctions on Iran as Oil Price Climbs

The High Man In The Castle By Michael Every of Rabobank The world is again waiting to see what comes out of US-Iran peace talks in Pakistan as the two-week ceasefire deadline looms. Again, it’s a binary outcome: war, with threatened strikes on bridges and power plants in Iran, then perhaps regionally, and an extended closure of Hormuz; or peace, and energy and key goods flowing again. The markets have decided peace will be the outcome. Because markets. Yes, there are times when bad news logically justifies a rally, e.g., in a...

Futures Slide, Oil Surges As Iran War Returns, Chip Stocks Tumble As Korea, SK Hynix Crash US equity futures are lower on a combination of US/Iran escalation (which is feeding inflationary concerns) and a violent crash in South Korean stocks (which saw SK Hynix plunge by 15% overnight, the most on record, and unironically follows its record ADR launch in the US), which has put Semis and tech under renewed pressure. On the former, this drove oil prices higher overnight, but gains have been cut in half. On the latter, there...

JPMorgan Debanks Polymarket Over Regulatory Concerns; Report Authored by Zoltan Vardai via CoinTelegraph.com, JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times. JPMorgan notified the prediction market platform in October 2025 that it needed to find a new bank, the Financial Times reported Friday, citing people familiar with the matter. Polymarket now works with an unidentified lender. Still, JPMorgan has maintained other ties with Polymarket. The bank is allegedly keen on a potential underwriting role should Polymarket attempt to go public. Polymarket reportedly said that it continues to have a “close,...