Alarming West Texas Oil Theft Emerges As National Security Threat

"Trump administration officials ⁠acknowledged ⁠in closed-door briefings with congressional staff ⁠on Sunday that there was no intelligence suggesting Iran planned to attack U.S. forces."

BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter...

An Israeli defense official explained that Tehran had learned lessons during the war in June, and the Iranian military was not close to collapse.  “The Iranians learned lessons from Operation Kalavy,” a senior Israeli military official told the Israeli outlet Walla on Tuesday. “They are still functioning militarily at a level that is between moderate […]