Iran Earning $139 Million A Day From Oil As Hormuz Crisis Locks Out Rivals

California Mayor Indicted, Will Plead Guilty To Being CCP Agent In a significant development announced today by the U.S. Department of Justice, Arcadia, California Mayor Eileen Wang has been charged with one count of acting in the United States as an illegal agent of a foreign government - the People’s Republic of China (PRC). Wang, 58, has agreed to plead guilty to the felony, which carries a maximum sentence of 10 years in federal prison. She resigned from her position as mayor and Arcadia City Council member this afternoon following the...

Iran Says No Plans For 2nd Talks After US Ship Seizure, Pakistanis Contradict, As Vance Flies To Islamabad Summary Hormuz latest: Just three ships have crossed in the past 12 hours, shipping data indicates. Iran's military after Sunday's US seizure of Iran-flagged cargo ship: will "take the necessary action against the US military" Vance already en route to Pakistan, though still unclear whether Iranians will join - Pakistanis say yes, but timeline is fluid. Trump warns "nobody's playing games." Xi to Saudi crown prince important phone call: "the first time the Chinese leader had called...

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound). The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022... Source: Bloomberg That dragged Existing Home...