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"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz
"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz
Summary
World's most important oil price hits record high as Trump threatens Iran: "make a deal before it's too late"
Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain
US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT
Highest bridge in Iran, connecting Tehran...
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US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb)
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At first glance the 0.5% MoM decline in US Industrial production (considerably worse than than the 0.1% MoM rise expected - and dragging YoY growth in IP down to +0.74%) is bad news... suggesting immediate impacts from the war are being felt and sparking headlines decrying President Trump's actions.
Source: Bloomberg
However, while we agree that the decline is notable, the fact that February's data was revised drastically higher, from +0.2% to +0.7% MoM, means that over the two...
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