Oil Spikes As Trump Vows To Hit Iran "Extremely Hard Over Next 2-3 Weeks", Threatens To Send It "Back To The Stone Ages"

Oil Tanker Going To China Forced To Reverse Course Before Crossing Hormuz Under US Blockade One day after a burst of traffic through the Strait of Hormuz, when according to Bloomberg 19 ships crossed in either direction while Trump said that as many as 34 ships crossed the waterway on Sunday, shipping through Hormuz slumped back down again Monday, reversing Sunday's jump, as caution mounted ahead of a US naval blockade. After 19 ships went through the Strait in either direction on Sunday - the most since the early stages of the...

Satellite Data Shows Iran Moving Crude Through Hormuz Chokepoint, Putting Kharg Island In Focus Ten days into the U.S.-Israeli Operation Epic Fury against Iran, which has forced shut-ins at major Gulf oil and gas facilities, disrupted production at key oil fields, sent stockpiles soaring, sparked a global energy crisis (Brent crude hit $119/bbl highs overnight) and severely disrupted commercial shipping through the Strait of Hormuz, the world's most critical energy chokepoint, new satellite imagery data from TankerTrackers, first cited by Bloomberg, suggests Tehran has recently moved substantial volumes of crude...

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...