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Iran's Longest-Range Missile Strike Fails On Diego Garcia, As Natanz Nuclear Facility Bombed Summary Natanz nuclear site attacked: Iran says "no nuclear radiation" detected, even as attacks on core sites like Isfahan nuclear facilities signal clear escalation despite earlier Trump signals of maybe "winding down." War expands with furthest ever Iranian missile launch: Iran fires missiles at Diego Garcia in a failed but unprecedented long-range strike. US claims momentum, hits hardened targets, Hormuz softening ops: CENTCOM says Iran has lost “significant combat capability” after 8,000+ strikes, and bunker-busting attacks on coastal facilities tied...

JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral The barrage of negative private credit news, now that the $1.8 trillion bubble has burst, is coming hot and heavy.  Following last night's report that Cliffwater, a private credit interval fund which according to Rubric Capital "is the canary in the coal mine and will be the first domino in the bank run” was the latest fund to be hit with 7% in investor redemptions (and unlike BlackRock, interval funds can not gate investors), this morning the FT reported that JPMorgan...

Iran Names Interim Successor To Khamenei Under 2nd Day Of Massive Bombs, Trump Demands Regime Change As questions hang over who will ultimately succeed Iran's slain supreme leader Ayatollah Ali Khamenei, an interim leader has been appointed to fulfill his duties. Top Shia cleric Alireza Arafi has been named to the interim Leadership Council after Supreme Leader Khamenei was confirmed killed in US-Israeli strikes, state media reported Sunday. The ISNA news agency has described that Arafi, a member of the Guardian Council, is joining President Masoud Pezeshkian and Chief Justice Gholamhossein...