Western Intel Says Russia Preparing Kamikaze Drone Shipment To Iran

BofA's Blanch Joins Goldman In Calling For $90 Brent This Year Amid "Pretty Large Deficit" Fears Add Bank of America's commodities and derivatives research chief to the growing list of Wall Street strategists who see Brent crude sticking around $90 a barrel this year, as any near-term resolution to the Hormuz chokepoint crisis appears increasingly distant. The call follows Goldman's move several weeks ago to raise its year-end oil outlook to around $90. BofA analyst Francisco Blanch joined Bloomberg Television's Surveillance earlier and warned, "We have a pretty large deficit that...

Iran Denies Talks Taking Place As Drone Smashes Into Landmark Baghdad Hotel Hosting EU, Saudi Diplomats Summary: Trump says 'I don't think so' when asked if war will be wrapped up soon, notes 'not this week'. Iconic Baghdad hotel and home to EU, Saudi missions struck by drone, fire ensues. Trump is regularly presented with options to end the war in Iran: NBC. Iran has rejected prior reports of diplomatic contacts with the US, calling them "false": state media Iran FM Araghchi and US envoy Witkoff have been in contact via text messages in recent...

Senate Confirms Kevin Warsh As Fed Chair In Most Partisan Vote Ever Update: In a largely party-line vote, the U.S. Senate on Wednesday confirmed President Donald Trump’s nominee Kevin Warsh to a 14-year term as the next Chair of the Federal Reserve, succeeding Jerome Powell whose term as chair ends this Friday. The 54-45 vote was the slimmest confirmation margin ever for a head of a central bank, reflecting fears that he'll be Trump's puppet.  Trump has made no secret that he expects rates to lower under Warsh after repeatedly slamming Powell for monetary policy Trump feels is...