WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019

Iran Poised To Finalize Hormuz Strait Management Plan, Brushing Aside Trump's Threats Iran's state Tasnim is saying the US naval blockade remains in effect, despite days of headlines of a 'finalized' US-Iran deal, which were clearly premature - though both sides still signal they are close to agreeing on a Memorandum of Understanding. But this is toward simply extending the ceasefire by 60-days in order to get back to the table, in hopes of finally ending the war based on a final deal. Despite President Trump's latest warning which declared strict...

Samsung Strike Threat Sparks Selling Contagion In Memory Stocks President Trump's China trip has concluded, with the multi-day summit producing comments from both sides that pointed to warming bilateral relations. As Trump returns aboard Air Force One on Friday morning, traders are shifting focus to overnight turmoil in South Korea, where labor action risks rattled Samsung shares and other memory stocks, and dragged the country's benchmark KOSPI index lower. Samsung’s strike is set to formally begin on May 21. Because the company’s semiconductor fabs are already highly automated, the impact...

Hamas Confirms Death Of Its Top Military Commander In IDF Gaza Strike Israel's military has just taken out a high-value target, with the confirmed death of the commander of Hamas's military wing, Mohammed Odeh. He was targeted in a a strike on the Gaza Strip Tuesday, in an operation which injured dozens more bystanders, given a residential building in a very busy market area of Gaza City was obliterated. via MSN However, the IDF and Shin Bet security service sought to explain that Odeh used the civilian residential buildings as a hideout, but that his...